What counts as genuine savings in a loan application?

Douglas Piening 23/8/2018

Genuine savings or equity are generally needed in the application process. If you apply for a home loan, particularly if the loan is for more than 80 per cent of a property’s value, you’ll more than likely have to prove to lenders that you have a satisfactory amount of savings. This is to demonstrate your ability to funnel a portion of your income into repayments. Read More

I choose to see the glass as half full

Douglas Piening 27/6/2018

Amid talk of a Credit Squeeze and predictions that house prices will fall, especially in the major cities of Melbourne and Sydney you could be mistaken for thinking it was all doom and gloom. I would prefer to focus on a few of the positives in the current environment!

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