Welcome to Ignite Financial Solutions
Borrowing Power Calculator - Know How Much You Can Borrow with Ignite Financial Solutions
Estimate Your Borrowing Capacity Easily
Understanding how much you can borrow is the first step in planning your finances. At Ignite Financial Solutions, our Borrowing Power Calculator helps you estimate your borrowing capacity based on your income, expenses, and loan details. Whether you’re looking to buy your first home, invest in property, or refinance your existing mortgage, our calculator provides insights to help you make informed financial decisions.
How to Use the Borrowing Power Calculator
- Enter Your Income Details:
- Joint Income: Indicate if there is a joint income.
- Dependents: Select the number of dependents.
- Net Salary: Enter your monthly net salary.
- Net Salary 2: Enter the second applicant net salary if applicable.
- Other Net Income: Include any additional monthly net income.
- Enter Your Expense Details:
- Living Expenses: Provide your annual living expenses.
- Car Loan Payment: Enter your monthly car loan payments.
- Other Payments: Include any other monthly payments.
- Total Credit Card Limits: State the total credit card limits.
- Enter Your Loan Details:
- Interest Rate: Input the annual interest rate for the loan.
- Loan Term: Specify the duration of the loan (in years).
- View Your Results:
- Borrowing Capacity: See the estimated amount you can borrow.
- Monthly Repayment: View the estimated monthly repayment.
- Fortnightly Repayment: Check the fortnightly repayment amount.
- Weekly Repayment: See the weekly repayment amount.
Why Use Our Borrowing Power Calculator?
- Estimate Borrowing Capacity: Get a realistic idea based on your income and expenses.
- Simple to Use: User-friendly interface for quick and easy calculations.
- Financial Planning: Helps you plan your budget and manage your finances effectively.
- Comparison Tool: Easily compare different loan scenarios to find the best option for you.
Benefits of Using Ignite Financial Solutions
- Expert Advice: Our experienced mortgage brokers provide tailored advice to meet your financial needs.
- Wide Range of Products: Access over 40 Australian lenders and thousands of loan products.
- Personalised Service: We offer expert, personalised support to help you achieve your financial goals.
Factors Affecting Borrowing Power:
- Income: Higher income increases borrowing capacity.
- Expenses: Lower expenses allow for a higher loan amount.
- Credit History: Good credit history can improve borrowing capacity.
- Loan Details: Interest rate and loan term impact the amount you can borrow.
Contact Us
Ready to find out how much you can borrow? Contact us today for a consultation or book an appointment with one of our mortgage brokers. Let us help you find a loan solution tailored to your needs.
