Borrowing power, estimated
Know the ceiling before you shop.
Two numbers, from figures already in the app: what you could pull out, and what you could buy. A guide, not a pre-approval.
How it works
- Equity you could extract — Built from the usable equity across your properties.
- A purchase ceiling — Deposit, purchase costs and servicing accounted for, using typical lender criteria.
- Built on what you already track — Income comes from your budget and is grossed up the way a lender reads it. Rent comes from the property tab.
- Yours to correct — Bonuses, commission, business or trust income — every input is editable, because the app only knows what you have told it.
- Honest about what it is not — No lender has seen this. It is a guide to the size of the number, not a quote and not a pre-approval.
Common questions
Is this a pre-approval?
No. It is an estimate calculated from the income, expenses and property figures you have entered, using typical lender criteria. No lender has assessed it, and a real application can land anywhere either side of it.
How is the estimate worked out?
It follows the general approach lenders use: your before-tax income and counted rent against your living costs and existing commitments, with a servicing buffer, then converts that into an equity release and a purchase price with deposit and costs allowed for.
Does Compound arrange loans?
No. Compound is a tracking tool and does not hold an Australian Financial Services Licence or a credit licence. What you might do with the number is a conversation for a licensed broker or lender.
Related
Reviewed on ProductReview.com.au
★★★★★ 5.0 out of 5
Compound allows me track bank accounts, shares and property all in the one app. I can view the year I become financially independent but also use their calculators and budgeting tools to run scenarios and watch how that freedom year is impacted. One of my favourite features is that my wifes account and my account can be linked so our financial goals are visualised and aligned.
I’ve been using Compound for a while now and it’s helped me consolidate everything into a single portal. It’s easy to use, gives me all the important info at a glance and helped us make more informed financial decisions
What a fantastic and innovative app this is. It has helped me combine all my finances in one place rather than having to check 5-10 individual apps. Keep the new features coming Compound!
Could not recommend this app enough! It has allowed me to sit down and really look at my finances. I now have a clear goal and know exactly what to do to get there. Well done to the team at Compound for creating such an innovative product.
Such a great app - combines all my assets in one place and models when I can stop work. It is so accurate, customer service is great, app is slick and works well. Data secure and never had an issue. Highly recommend
More features
Your Freedom Year · Everything you own · Tax time · Property, analysed · Scenarios · Budget · Bill checker · Shares, ETFs & crypto · Automatic tracking · Development feasibility · Entities & SMSF · Couples · Goals · The bigger picture · Pip, and your progress