Hi guys,
I have read many articles about using multiple banks. I am currently have everything through one bank and was wondering how much difference does it make by having it all with one. Can you borrow significantly more if it was broken up or is it a much of a muchness especially with most lenders being tight at the moment.Hi fredo
Yes every lender has a method of calculating your serviceability and each model is different.
By speading your risk through a few lenders you will find that your borrowing capacity increases.
You will suprised what some lenders do and do not take into consideration.
Richard Taylor | Australia's leading private lender
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