Wealthi Research

Share this post

What happens to your borrowing capacity if the interest rate goes up?

research.wealthi.com

Discover more from Wealthi Research

The latest real estate market research from the Wealthi team (in English).
Over 7,000 subscribers
Continue reading
Sign in

What happens to your borrowing capacity if the interest rate goes up?

Wealthi
Jun 6, 2022
2
Share this post

What happens to your borrowing capacity if the interest rate goes up?

research.wealthi.com
Share

A 1% increase in interest rates reduces your borrowing capacity by about 10%.

First of all, don't panic! Carla Nesci, Lending Specialist at Wealthi says:

"It can be a great time to apply for a "pre-approval" from the bank and ensure interest rates for 3 months until you find it is your next investment property or your first home."

In this clear example video, Carla explains the variation and gives you a better understanding of your finances in a rising interest rate environment.

As we always say in Wealthi, each situation and experience is different, so don't hesitate to reach out to our Lending Specialist team for free advice:

Book a Call


Suggested articles:

Wealthi Research
Is the Australian property market going to crash?
Read more
a year ago · 1 like · Eva Diaz
Wealthi Research
What to expect in Australian property market?
Read more
a year ago · 1 like · Eva Diaz
2
Share this post

What happens to your borrowing capacity if the interest rate goes up?

research.wealthi.com
Share
Comments
Top
New
Community

No posts

Ready for more?

© 2023 Wealthi
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing