Andrew

Now, to be honest, some of you might use this and you might get an incorrect number out because it relies on you having the right input to get the right output.

So, for example, sometimes I've seen people go, I don't know why it's giving me this answer and they've put in

their net amount of income rather than their gross amount, or maybe they've put in their credit card balance rather than their limit.

So again, this doesn't guarantee that you're gonna get this approval from the bank, but if you're working through this and you're having any problems, just talk to a professional mortgage broker or someone.

And, of course, what this is doing as well is it's looking at the future growth of their new investment property and the future income from the new investment property, plus any additional properties, and applying the bank rules to that as well.

Now, don't take this tool and say, okay, so I can afford Christchurch, I'm going to buy three properties in Christchurch over a 12-year period.

We're not saying that.

We're just saying this is what it might look like.

And we've got an example later on where someone can't buy, but we're going to show you some of the things they might do to get into a position to buy.

So if you're not in a position at the moment or you're worried you might not be, we're going to cover that as well.

Yeah.

So if we think about in terms of the fact that most people that are probably on the call at the moment have got a property at the moment.

That's probably the general sense.

Now, bear in mind, I see in the Q&A someone is renting at the moment.

I'm going to answer that question later.

It's a really good question.

But let's say your property is going up over time.

And look, it might have gone down over the last couple of years, but it's probably gone up over time.

Your mortgage has been diligently paid down over time.

The difference between your house value and your mortgage, that's equity.