Cracking the Code on Serviceability

The Broker's Lounge

In this episode of The Broker's Lounge, Eddie and Carlo dive into the concept of serviceability, a key factor that determines how much you can borrow when applying for a loan.
They break down the essentials of what lenders look for, including how your income, existing debts and even family situation play a role in shaping your borrowing power.
Whether you're a first-time buyer or looking to invest in property, understanding serviceability is crucial to setting yourself up for success.

Carlo kicks things off by explaining what serviceability means in simple terms, while Eddie shares the inside scoop on how lenders assess your ability to repay.
The duo explores the impact of various income types (like PAYG and self-employed income) and how factors like rental income, credit cards, and student loans can either boost or limit your borrowing capacity.

The conversation gets real as they discuss dependents, family planning, and living expenses, showing how all these elements tie into your serviceability. By the end of the episode, you'll know exactly how a great broker can help you navigate these complexities to secure the best possible outcome.

So, grab a coffee, get comfy, and tune in to learn how to maximise your borrowing power and get one step closer to your property goals.

-------
Get in touch with Eddie: https://calendly.com/eddie-link/30-min-home-loan-chat
Get in touch with Carlo: https://calendly.com/carlo-o8zv/30min
More info: https://www.linkwealthfinance.com.au/
Our Financial Services + Credit Guide: https://www.linkwealthfinance.com.au/fscg
Disclaimer: The information contained within this podcast is general in nature
and does not take into account your personal circumstances. Please reach out if
you wish to discuss your personal situation