Ten ways to increase your borrowing capacity

1. Consolidate unsecured debts into your mortgage

2. Reduce excess credit, especially credit cards

3. Keep financial records up to date

4. Select the right loan product

5. Be aware that income type is treated differently by nearly every lender

6. Shop around for the right lender and right package

7. Split your liabilities with your partner

8. Use  existing properties as cross collateral

9. Extend the term of your loan

10. Save, save, save

Todays Tip!
Obtaining finance from the banks is a bit of a game. You either need to know how to play it in order to win the best deal, or get a good broker on your team who will go in to bat for you. Either way, keep your investment goals in sight and go for the best finance package that will get you there sooner.