Give Us 3 Minutes and We'll Tell You How You Can Maximise Your Borrowing Power
Manage episode 497512780 series 3674111
Give Us 3 Minutes and We'll Tell You How You Can Maximise Your Borrowing Power
Want to boost your borrowing power and buy property sooner? Your overtime, bonuses, commissions, and car allowances could be the key, if you know how lenders assess them.
In this episode, Casey Taylor is joined by Evan Reid from Neo Finance to unpack exactly how supplementary income is viewed by banks and lenders. From overtime and allowances to performance bonuses and commissions, we break down what counts, what doesn’t, and how much lenders will actually consider - often up to 100% for professions like police, nurses, doctors, tradies, and miners.
You’ll learn the minimum income history required, the importance of consistency, and how choosing the right lender can dramatically impact your property buying potential.
If you're serious about growing your investment portfolio or securing your first home, this episode gives you the finance insights most buyers miss. Listen now and turn your extra income into property power.
Learn, invest, grow!
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Disclaimer:
The viewer/listener acknowledges and agrees that:
- Taylored Property Wealth Pty Ltd is a licensed Buyer’s Agency operating in New South Wales, Australia. It is not a licensed financial adviser, accountant, solicitor, mortgage broker, builder, engineer, architect, town planner, or property manager.
- The information provided in this episode (or any related media content) is general in nature and does not...
Chapters
1. Introducing Evan Reid from Neo Finance (00:00:00)
2. How Lenders View Overtime Income (00:00:29)
3. Consistency Requirements for Overtime (00:01:20)
4. Bonuses, Allowances and Commission Considerations (00:02:15)
62 episodes