What is 'borrowing power' and how does it work?

'Borrowing Power' is a term you’ll often hear used to describe the amount you can comfortably borrow to finance your property purchase.
Your borrowing power is determined by your current income and financial commitments as well as your savings and credit history. You should carefully consider your current and future living expenses so you’ll be assured you can repay your loan and maintain the quality of lifestyle you’ll require.
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