The Impact of Interest Rate Drops to Your Borrowing Capacity

If interest rates are set to drop, what is its impact on home buyers?

In this insightful episode, Nicola and her father, John Kefalianos, delve into the exciting prospect of falling interest rates and how they could significantly enhance borrowing capacity for first-time homebuyers.

They break down two scenarios: a 0.5% rate cut that could allow buyers to borrow an extra $30,000, and a more substantial 1% cut that could increase borrowing power by up to $80,000.

Join them as they discuss the differences between banks and what these changes could mean for the housing market. With expert insights and practical advice, this episode is a must-watch for anyone looking to navigate the property landscape in the coming years.

Will lower rates lead to a better home for you? Click on this episode to find out!

Chat with John about how much you can borrow: 
johnk@financelab.com.au

Finance Lab: 
https://www.financelab.com.au/

Disclaimer: This podcast provides general information only and is not legal, financial, or professional advice. Listeners should seek personalised advice from licensed professionals for their individual circumstances. The hosts and guests are not liable for actions taken based on this content. Opinions expressed are those of the hosts and guests, not any official institution.