What Banks Look At Before Approving Your Home Loan

You've done the maths. You know your income, you've been saving, and you have a rough idea of what you can borrow. Then the bank gives you a completely different number. In this episode, mortgage broker Jack Elliott returns to explain how lenders really assess borrowing capacity. From income, genuine savings and credit cards to HECS, Afterpay, bank statements and even the property you're buying, you'll learn why two lenders can reach very different outcomes for the same borrower. Whether you're planning to buy your first home soon or simply want to understand how banks make lending decisions, this episode will help you prepare with confidence and make smarter choices before you apply for a home loan. Episode Highlights 03:25 – How Banks Assess Your Income 09:38 – What Banks Look For in Your Savings 12:19 – How Debts Affect Your Borrowing Capacity 17:16 – How Banks Assess Your Spending Habits 21:08 – What Banks See in Your Credit History 25:26 – Why the Property Matters to Your Home Loan 30:12 – Just Because You Can Borrow More Doesn't Mean You Should 33:30 – When to Speak to a Mortgage Broker Connect with Jack Book a Get To Know You Chat with Jack – https://firsthomeunlocked.com.au/book Website | First Home Unlocked – https://firsthomeunlocked.com.au/ Course Details: THE First Home Buyer Course is our Step-By-Step, No BS Guide to Every Stage of The Home Buying Process – It’s the next best thing to having your own buyer’s agent. With our expert guidance, you’ll know what to do at every step along the way. Become a home owner faster and easier. Click here: https://homebuyeracademy.com.au/YFHBG If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey! 🎧Subscribe on YouTube:    / @thefirsthomebuyercourse   🎧Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast... 🎧Subscribe on Spotify: https://open.spotify.com/show/7GyrfXo...