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
WA BUDGET 2020: TREASURER BOASTS STRONGEST ECONOMY IN THE NATION
Treasurer Ben Wyatt recently announced WA represents a stronger economy than anywhere in the nation and perhaps the world...
“Royal Hotel” Perth landmark restored
A piece of Perth’s history was finally unveiled last Friday with the grand re-opening of the restored “Royal Hotel”...
Your Guide To Buying Off-The-Plan
Buying off-the-plan can be a daunting process and there’s a chance the uncertainty of not being able to see...
Adding to Scarborough’s changing landscape
“To improve is to change; to be perfect is to change often” – a powerful quote from Winston Churchill...
PROPERTY MARKET THRIVES DESPITE THE IMPACTS OF COVID-19
New land sales are at a record high according to recently released figures from UDIA WA, following the announcement...
EXPERTS PREDICT HOUSE PRICES WILL GROW IN 2021
Experts predict Perth will have the nation’s biggest property boom in 2021, only months after warnings of economic collapse...
Lunching for a cause
The Griffin team with ABN Group Director Dale Alcock as their special guest, attended the 10th anniversary of the...
Perth Property Market | Demand exceeds Supply
Perth’s property market, despite COVID-19, is experiencing higher demand than supply with REIWA President commenting on a reducing number...
Scarborough | A Great Place To Live And Play
“whether it is watching the sunset over the Indian Ocean, grabbing a bite at the many cafes or restaurants,...
VICTORIA GEARING UP FOR ECONOMIC RECOVERY AS GOVERNMENT ANNOUNCES MAJOR PROJECTS
Victoria’s economic recovery is set to be bolstered by the acceleration of more than $1 billion worth of building...
