Credit/Store Card Limits – In calculating your loan serviceability, various lenders use between 2% & 3% of your limits to calculate monthly liabilities. It is recommended that wherever possible, your remaining cards be cancelled or consolidated so that your overall borrowing capacity may be increased.

Ongoing Repayments – This only applies to commercial debts such as car loans or lender's personal loans. Do not indicate any personal loans from friends or family unless there is a commercial loan agreement in place. Any monthly commitment you indicate in this area will be deducted from your net income thus reducing your disposable income which will ultimately reduce the amount of loan you may qualify for. If you have the equity in your property, it might be beneficial for you to consolidate all or some of your side debts into your home loan.