You may at some time meet with a client who has the intention to invest in property, but lacks the financial capacity to do so. At other times you may meet with clients whose ability to borrow far exceeds their desire to buy property.
It is your job to ensure that, not only do your clients not overcommit but that they invest within their personal risk profile to do so.
In the next few topics we will explore borrowing capacity so that you can provide the right guidance for your client.
By the end of this topic you will be able to:
- Explain the concept of borrowing capacity
- Answer questions, complete activities and other self-paced learning tools to enhance your understanding of this topic