Salestrekker automatically calculates maximum borrowing capacity for the scenario entered in Client Profile.
Maximum borrowing is designed to closely match lender's actual borrowing capacity. Our target is less than +/- 5% variance from lender calculators for all lenders.
The following sections are critical in getting the calculators to present correct information:
- Marital status and number of dependents (see linking contacts article here)
- Income (including any rental income for investment purpose)
- Expenses are entered correctly
- Liabilities (including exact loan maturation date)
- Product selection
- SVR discount
Note: Since July 2019 lenders are calculating maximum borrowing capacity based on the actual rate + buffer rate instead of the floor rate. This means that a generic lender maximum borrowing capacity calculation is impossible.
Maximum borrowing on product search
Users can sort products by maximum borrowing capacity, where green items are above the required loan amount and red are below the loan amount.
Note that SVR discount can be applied on Review loan product tab, showing correct maximum borrowing for those products that are listed with their SVR:
Maximum borrowing in Compare loan products
This tab shows maximum borrowing capacity and lender turnaround days.
Did you find a substantial difference having completed the lender servicing calculator and information in Client Profile/Broker Tools (i.e. >5% variance between two)? Please check four items listed above prior requesting our team to check the calculator for you.
Turnaround days are updated twice per week and represent general (real) turnaround days.