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Natsimc
Natsimc
New Member

Acceptable Income for Borrowing Capacity Calc?
Posted by Natsimc Natsimc

on ‎19-02-2017 02:25 PM

Message 1 of 2 1,294 Views

Hi, I'm currently looking at an owner occ purchase and trying to get an estimate of my borrowing power using your online calculator.

I receive a base salary, plus a quarterly commission determined by sales.

Do you accept the commission income also or just the base salary when considering borrowing power? 

Thank you

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SarahF
Forum Manager
Forum Manager

Re: Acceptable Income for Borrowing Capacity Calc?
Posted by SarahF SarahF

on ‎21-02-2017 10:23 AM

Message 2 of 2 1,286 Views

Hi @Natsimc, thanks for your query. There are a few types of income that will be assessed when calculating your borrowing power - if you would like to send your contact details to our forum mailbox (forum@bankwest.com.au) I can forward these on to a Home Loan Specialist for a call back. Hope this helps!

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Bankwest SWIFT code: BKWAAU6P
© 2019 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.