How Banks Calculate Uncommitted Monthly Income (UMI) And How it Impacts Your Borrowing | Ep. 277

In this episode, we discuss how banks calculate Uncommitted / Unencumbered Monthly Income and how that number impacts your maximum ability to borrow for your next investment. 

During the show, we mentioned our new Mortgage Serviceability Calculator, which you can use to calculate your maximum borrowing based on the rental yield of a property, the test interest rate and your UMI.

We also mention our No Money Worries – property investment email course. This 9-lesson course will teach some of the basics about property investment, including our top tips that aren't available elsewhere on our website.