Budget Planner
A clear picture of what comes in and what goes out is the foundation of every loan application. This planner captures your income and expenses across every category lenders look at.
Use the budget planner
Calculator results are estimates only and do not take every fee and charge into account. Interest rates and costs change over time, which affects the true cost of a loan. Results should not be relied on when making a decision about a loan. Please discuss your individual circumstances with us before acting.
What the budget planner tells you
What it shows
Total income, total expenses, and your monthly surplus or shortfall by category.
What you need
Income after tax, plus your regular and irregular expenses across the year.
What to do next
Bring your completed budget to your appointment and we can tell you how a lender will read it.
Three things worth testing
- Include annual costs such as insurance and registration, divided monthly.
- Use three months of real bank statements rather than estimates.
- Lenders compare your stated expenses against a benchmark, so be realistic.
Frequently asked questions
Why do lenders care about my living expenses?
How far back will a lender look?
Turn the numbers into an approval
A calculator gives you an estimate. A broker gives you a lender, a rate and an approval. Talk to Ezy Loans Australia about what these numbers mean for your situation.
About the author
Amrinder Singh is the founder of Ezy Loans Australia and an Australian Credit Representative (number 505232) of Mortgage Australia Group Pty Ltd, Australian Credit Licence 377294. He works with first home buyers, investors and self employed borrowers across Australia, arranging home loans, refinancing, construction finance and asset finance through a broad panel of lenders.
Calculator results are estimates only and do not take every fee and charge into account. Interest rates and costs change over time, which affects the true cost of a loan. Results should not be relied on when making a decision about a loan. Please discuss your individual circumstances with us before acting. Calculators are provided under licence from the Finance Brokers Association of Australia. This page is general information only and does not take your objectives, financial situation or needs into account.
Ezy Loans Australia is a Perth-based mortgage and finance brokerage helping first home buyers, investors and refinancers across Australia secure the right loan with confidence.
Contact Info:
- 905 Hay St, Perth WA 6000
- amrinder@ezyloansaustralia.com.au
- 0432 066 362