How to Get More Borrowing Capacity in Australia: Beyond Big 4 Banks

If you could buy one more investment property would you buy it? 🤤
The answer is "YES" for so many property investors, but the Big 4 banks have locked them out! ❌
In this episode Mortgage Broker Shelly I'Anson shares with us the world of "non-bank" lenders ("non-conforming" banks).
👉 How can regular PAYG workers take advantage of these lenders to build their property portfolio faster
👉 How business owners can capitalise on these lenders to get more loans
💥 This alternative approach could spark your portfolio back into life!
#borrowingpower #loan #portfolio
Chapters:
00:00:00 - How to Improve Your Borrowing Capacity
00:02:52 - Serviceability for Self-Employed Individuals
00:06:11 - Non-conforming lenders and their role in the market
00:09:19 - Rising Housing Market in Brisbane
00:12:28 - The Risk of Second Tier or Third Tier Lenders
00:15:55 - The Importance of Proper Documentation in Mortgage Applications
00:19:00 - Borrowing Capacity and Bonuses
00:22:15 - Increasing Borrowing Capacity through Other Means
00:25:28 - Tips for Increasing Borrowing Capacity
00:28:33 - Thanks PK and Shelly
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DISCLAIMER: No Legal, Financial & Taxation Advice
The Listener, Reader or Viewer acknowledges and agrees that:
• Any information provided by us is provided as general information and for general information purposes only;
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#PropertyInvestment #PassiveIncome #Australia #RealEstate

[@AusPropertyMasteryWithPK]

❤ JOIN THE COMMUNITY & GET FREE SUBURB TIPS + STRATEGIES
💡 Private Facebook Group With Over 50,000 Clients & Investors 👉 facebook.com/groups/passiveincomethroughproperty
💡 Top Ranked No "BS" Podcast On Spotify/ Apple Podcasts/ Google 👉 consultingbypk.com.au/podcast/

[@johnderizzo7979]

I had loans with Bankwest and had one loan basically paid off sitting in an offset account linked to the loan, and they still would not cooperate with me to lend me more money to buy another property. I went with another bank and, boom, I got a new home loan. The lending criteria are crazy. I truly feel sorry for people trying to buy their first home.

[@pobrien7876]

FYI. There are a number of well known mainstream lenders that just need one year of bonus income instead of 2 years.

[@daniellaamartey9586]

Nice video, I feel like its also worth mentioning that there are a few big banks that can use only 1 year of financials instead of 2 e.g NAB, ANZ, Bendigo bank, the rates are quite good too.

[@dalilludallys5133]

Great information. Thank you 👏

[@FirehawkVFX]

When you talk about risk - evaluate what happened during the GFC and the smaller lenders vs the big 4.

[@harpindersandhu9236]

yes

[@davidb-bj3tc]

14:06 if bank/lender goes bust another bank/lender will take over the loan book

[@AusPropertyMasteryWithPK]

Good to know!

[@kartarsingh851]

Yes

[@elliotthayes2808]

will any 2nd/3rd tier lenders consider 3 months of casual wages, rather than the standard 6 months?

[@nitsaustin]

Hello...could we have a dedicated video for payg ppl with ways to increase their borrowing power? Thanks

[@AusPropertyMasteryWithPK]

Coming up

[@markandrewrodriguez8454]

Nice, will be watching out for this episode

[@AM-eu1yq]

Bankwest