So, you feel like you’ve found the perfect high performance property…

You’ve got the valuation and you’ve got the deposit ready. 

All that’s left is for your lender to approve your investment loan application…

And they do… (hooray!)

But… there’s a problem…

You don’t have the borrowing power that you thought you had. 

And that means you can’t access the cash you need to make the purchase…

For an investor who’s looking to build an amazing future, there’s nothing more heartbreaking. 

You could even end up losing out on the opportunity…

You need to give your borrowing power a boost. 

And with these three tips, you’ll do exactly that.

Tip #1 – Lower Your Credit Card Limits

Let’s say that you have two credit cards, each of which has a $20,000 limit.

But you’re nowhere near that limit.

You assume that’s okay…

However, many lenders will look at that limit and consider it as a debt. 

As a result, your credit cards lower your borrowing power even when you’re not using them…

The solution is pretty simple. 

Lower your limits and you boost your borrowing power.

Tip #2 – Have Up-to-Date Tax Returns

Lenders like to work from the most recent financial figures that you have. 

If you’re giving them old tax returns, they’re going to have to make assumptions…

You may have had a better year this year than ever before… 

But it’s not going to count in your favour if you’re using outdated documents…

Tip #3 – Find a Lender Who Favours Rental Income

Not all lenders will accept rental income as part of your serviceability calculation…

Some may create their own figure based on the property’s value rather than what you’re earning…

And yet others will add a percentage of your actual rental income to your income total.  💵

It’s the latter lenders that you want to work with.

Once you’ve got your loan, you need a plan of action in place to keep things moving forward.

Three Tips for Improving Borrowing Power as an Investor

At Dashdot, we help people build out that plan that will help you achieve positive cashflow and high capital growth with every property you buy…

Take our 15-second application to find out if we’re a good fit, and then let’s start taking action, together. 

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