Tricks of the trade - how banks fool borrowers Archives

- November
  11
  2015
- 1337
- 0
- By admin
- In Bee Savvy - Getting the most out of your loan, Tricks of the trade - how banks fool borrowers, Why use a broker - what we can do for you
Have you tried to work out how much you can borrow with your own research?
Many people try to work out if they will be approved for their loan by subtracting their current expenses from their take home pay, and using online calculators to determine their proposed repayments for their new loan. But what many people don’t realise, is that banks may not agree with you as to how much you actually earn or how much your expenses are.

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- October
  22
  2015
- 2174
- 0
- By admin
- In Bee Savvy - Getting the most out of your loan, Home sweet home - first home owner finance, Tricks of the trade - how banks fool borrowers
Have you had difficulty obtaining cash out from your home loan?
Customers are frequently shocked when they find that their bank will not advance them cash out of their very own property – or that they have stringent rules that govern this.

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- June
  16
  2015
- 1616
- 0
- By admin
- In Bee Savvy - Getting the most out of your loan, Business matters - Loans for business owners, Tricks of the trade - how banks fool borrowers, Why use a broker - what we can do for you
Have your business profits increased significantly? – How this can affect your borrowing capacity – and its not what you think!
Your business is doing well and you have a marked increase in profit compared to last year. You know how much disposable cash you have available and have used online calculators to work out the repayments on your desired property. Your confident you will be approved for the loan you want as you have completed

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- April
  8
  2015
- 1631
- 0
- By admin
- In Bee Savvy - Getting the most out of your loan, First things first - Steps before applying for finance, Loan disasters - When finance goes wrong, Tricks of the trade - how banks fool borrowers
Do you want to apply for a loan, or for a solution?
Have you fiddled with online calculators that supposedly tell you how much you can borrow for your loan? They ask you to put in your income and your expenses and Voila! A pre-approval certificate supposedly indicating how much you can borrow from your bank. What these online calculators don’t do, is incorporate the actual policies

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- February
  19
  2015
- 1515
- 0
- By admin
- In Tricks of the trade - how banks fool borrowers
It’s not necessarily the bank you like that will approve your loan!
Did you know that each bank has its own set of rules regarding savings requirements for different types of loans. Why does this matter you ask? If you are wanting to purchase an investment property and you approach one bank who needs a 10% “genuine savings” deposit then you will be turned down. The bank

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- January
  29
  2015
- 1794
- 0
- By admin
- In Tricks of the trade - how banks fool borrowers
What’s your 2015 resolution?
Many of us don’t look at our finances, unless we are buying or selling an asset, such as property, a car or a business. You would have all heard the phrase of a home-loan “health check”, but how many of you really commit to doing this? Many of us are too busy to think about

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