How Much Can I Borrow?
Thinking about buying a home but not sure what you can afford? You're not alone—and that's exactly what we're here for.
At Boost Brokers, we help take the guesswork out of borrowing. The amount you can borrow depends on a few key factors, and we’ll walk you through them to help you understand where you stand.
What Affects How Much You Can Borrow?
• Income – Your gross monthly income (including bonuses or additional income) helps lenders determine your borrowing power.
• Deposit – The size of your deposit directly impacts how much you'll need to borrow. A larger deposit generally means lower repayments.
• Debt-to-Income Ratio (DTI) – The less debt you have compared to your income, the more you may be able to borrow.
• Credit Score – A higher credit score can boost your borrowing limit, while a lower score may reduce it.
Want a clearer picture? Getting pre-approved is a great next step. It gives you a firm idea of your borrowing limit and puts you in a stronger position when you’re ready to make an offer.
Our team at Boost Brokers is here to guide you every step of the way. We’ll help you figure out how much you can borrow and find a mortgage that fits your needs and goals.
Let’s make your homeownership journey simple, smart, and stress-free.
Ready to find out how much you can borrow?