EP:27 - How to increase your borrowing capacity with Redom Syed

This week is an exciting episode, we interview Redom Syed from Confidence Finance on how to increase your borrowing capacity. Let's face it - every dollar counts these days and if you can increase your borrowing capacity by as little as $10-50k, then that just might mean you don't miss out on your next property purchase. I gained so much insight from this episode and I hope you do to.

Redom has been consistently in the top 100 mortgage brokers Australia wide, and in this episode he shares his thoughts and opinions on:
- Why he HATES having cash
- How Banks calculate borrowing capacity
- The minimum expenses banks use top calculate your borrowing capacity
- The impact a $10k salary increase has on your borrowing capacity
- How HECS can hurt you
- Bad debt like credit cards, car loans and personal loans affect your borrowing capacity more than you think.
- PPR vs Renting and the implications of each.
- Why 125 is the magic number
- Plus much more!

To connect with Redom, search him up on linkedin or check out his website at:
https://www.confidencefinance.com.au/

Don't forget to check out the summary post on our Instagram.

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Disclaimer: This episode is not financial advice.