A low deposit home loan lets you borrow more than 80% of a property's value. It might only require a 5% deposit and let you buy your property sooner.
Confused about the ins and outs of mortgage refinancing?
There are two key considerations when you’re looking at taking the step – why and how. Here, we examine both.
A home loan is generally a long-term proposition, but in some situations it can be suitable to refinance your mortgage. Refinancing involves taking out a new mortgage and using those funds to pay off your existing mortgage. Doing it right could deliver significant financial gains over time.
The two key things you need to know and understand before you go ahead are your reasons for doing it and how to go about it.
When applying for a Home or Car loan, not even your dinner is safe from scrutiny.
Personal spending habits on things like clothes, holidays, and takeaway food are becoming under scrutiny when a bank considers your loan application. Banks are now looking at bank statements to see how often you order Uber Eats, how much you spend on shoes and if you make a habit of putting on a bet at the races.
The process is made tricky with technology changing the game. People don’t use cash anymore, and everything can be tracked when you use a debit card, a credit card or even Apple Pay.
So when applying for a loan it’s important to keep in mind that someone is watching before making a purchase. Everything you do & spend will be analysed during the application process.
Here are 5 simple steps that will help you increase your chances of getting a Loan: