The home loan application process
How much money you can borrow will depend on the four things mentioned above but also whether you are comfortable borrowing that amount and making the necessary repayments each month.
If you're ready to get an estimate of your borrowing power for a home loan, you can use our helpful home loan borrowing bower calculator.
Read on for a more in-depth explanation of four things that go towards calculating how much money you can borrow.
Talk to a lender to discuss your situation and to find out how much you can borrow. By talking to a lender you’ll find out exactly what they will require from you for an application, and they’ll be able to go through different types of loans, rates and loan amounts and discuss how they affect mortgage repayments.
Remember, our lending specialists can provide you with pre-approval to help you shop with confidence. You can visit one of our Heritage lending specialists in branch or phone our Queensland-based contact centre on 13 14 22 to find out how we can help you with applying for a home loan.