APPLYING FOR FINANCE: 6 TIPS TO HELP GET APPROVED
September 14, 2020
With the generous government grants available, there has never been a better time to buy a home, here are some quick tips to help prepare for applying for finance:
- Complete a credit check on yourself to make sure you have a good credit rating: these are free and you can apply here.
- Ensure good spending habits that show you can afford to service the loan. Note: Lenders will assess 3 – 6 months of discretionary spending habits by reviewing your bank statements, there will be no secrets
- Clear your credit card debt and personal loans .
- Reduce credit limits on any credit cards, buy now pay later providers and store credit cards.
- Establish a regular savings habit.
- Save at least a 5% deposit.
Remember not to buy out of your budget, focus on being able to create equity in your home.
Read Our Other Articles
A SURGING RESOURCES SECTOR DRIVING RECORD JOB OPPORTUNITIES
By the end of 2022 the total number of people working in the State’s surging resources sector will surpass...
Get to know our Client Advisor
Get to know our Client Advisor Introducing Christian Woodall! Efficient, ever-helpful and always upbeat, Christian brings a unique...
RESIDE ON MONEY KICKS OFF
This week our beautiful Reside on Money project officially kicked off into construction phase with commencement of boring works...
Apartment living on the rise
Apartment living is gaining popularity with more people pursuing the lock and leave lifestyle. Danielle McCarthy, a 29...
FANTASTIC NEWS FOR FIRST HOME BUYERS
Effective today, first home buyers are now eligible for a massive 75% rebate on stamp duty fees when buying...
Short-term economic pain to lead to longer term gain
The Urban Development Institute of Australia was pleased to recently host global economist Jonathan Pain who shared his thoughts...
Thousands of jobs for West Australians with PM’s new plan
Today Prime Minister Scott Morrison will unveil his WA plan to generate multiple infrastructure projects which will create thousands...
WA commercial property sector pushing through COVID-19 gloom
Between the lines, a report released by Ray White on Thursday revealed that despite the uncertainties brought on pandemic,...
New home sales figures on the rise
A second consecutive month of increased new homes sales has given a big confidence boost to Australia’s property sector with...
RESIDE ON MONEY – Major construction milestone reached!
A huge milestone was reached over the weekend for our Northbridge development. Reside on Money builders, JCM Construction, laid...