Online servicing calculators do not take into account lender "policy" which is a possible reason for not servicing. Each lender has a different minimum living expenses they use - reference rate (the % interest rate you need to service at) - and other policy like employment length - how they view casual employment - Bonus income etc.
Hi Dave,Each lender has their own serviceability criteria and calculator. It will not be available for general public. It's better to contact a mortgage broker or bank in person. Pls ontact me on 04****50 i can assist you in this regard. Thanks Eldho
Hi Dave, unfortunately not. However Finance Brokers such as myself have access to lenders servicing calculators and credit policy. I would be happy to review your borrowing potential and which lender would in a position to assist. My Mobile is 04**** 762 or email a****@hand****.au. Look forward to helping you with your finance.
Hi Dave,https://****com.au/ have some great calculators you could utilise.However it is always best to speak with someone who knows lender policies and can assist.I would also be happy to review servicing on your loan and see if there is a lender who would view servicing in your situation more favourably.Feel free to give me a call on (02**** 7566.Regards,Jai Martinkovits
Hi Dave,I'm afraid most of the servicing calculators are either generic or you have to go into the individual websites to review them. As brokers we have access to a variety of lenders but need to know your financial position (income, liabilities, dependents etc etc), in order to work out which lender is best suited to your individual needs. IF you would like to find out how much you can borrow and which lender will do it feel free to contact us on 03****9244 or another broker on this site.CheersChris Polatsidis
Hi Dave. Unfortunately all lenders have different serviceability requirements and policies. Whereabouts are you located?
Hi Dave,I will be able to assist. Please feel free to call me on 04**** 309 or email me on s****@fins****.au
Hi Dave, Thank you for your question. The lenders use different calculators as well as different policies when calculating serviceability. We are able to assist you to determine your max borrowing. w****@mort****.au
Hi Dave, each of the many lenders have different serviceability criteria and calculators so it depends on your individual situation. I would be happy to discuss your application and servicing ability with you. Please give me a call on 02****2285. Cheers John
Hi Dave, it's is very difficult to find as all banks have different interpretations to their calculations. Therefore it is very difficult to do this, plus they keep it private. What I would suggest is use a buffer rate when you factor in how much you can borrow. eg instead of 4.5% use 8% as most banks are sitting between 7.15 and 8% for their buffer rate.The buffer rate is the extra loading they put onto a rate to make sure you have an ability to pay if interest rates rise. There are some banks which have lower. A good broker should be able to know who these are.Be careful application hoping as it can affect your credit score.
Hi Dave,serviceability is different between banks and also depends on your situation. can I pls get your no and time suits to call. I'll call you and let u know which one suits depending on your situation. or call me anytime on 04****67.Cheers,Saw
Serviceability varies from lender to lender and it calculated by whats call an assessment rate. The market varies from around 7.1% -8% , with the higher assessment rate being negatively correlated to borrowing capacity. Who was the lender?
Kobi
Hi Dave, to answer you question direct, an independent site you can go to is www.****rtga****.au now in saying that, each bank has different policies when it comes to servicing so just because one says no doesn't mean another wont say yes. Your Broker (or Bank) should have know this before submiting any application. I am happy to give you some free advice on this, I am one of the few brokers who is also licenced to do so, you can contact me via this website on Mobile #04**** 720 or k****@hand****.au Hope to chat soon