• July

    29

    2019
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  • 0
Does Your Home Loan Savings Count?

Does Your Home Loan Savings Count?

If you have less than a 20% deposit, its important to know if your home loan savings counts as per lender criteria.

Why wouldn’t my savings count?

There are many reasons that a lender may not count your savings as genuine. If you have less than a 20% deposit, in general, than stricter criteria may apply to your savings.

This is for both owner occupied and investment properties where you don’t hold sufficient equity in another property. It can be a little challenging to know which lenders will count your savings as genuine. Thankfully, at Bee Finance Savvy, we can help.

What Are Some Lenders Looking For? 

Whilst some lenders simply require you to have 5% of the purchase price saved in your account for over three months, others have much stricter criteria which can apply. Some lenders require that the amount you have saved each month, in the months prior to your loan application is equal to the amount that you will be paying in future mortgage payments. Some lenders will count rental payments towards this, whilst others will not. It can be confusing for customers to know which lenders will accept their savings, and that’s where Bee Finance Savvy can help.

How Bee Finance Savvy can help

As mortgage brokers, Bee Finance Savvy understands how complicated home loans, and genuine savings requirements can be. For us, it’s essential that we present you with home loan options for a lender that will look favourably on all your financial circumstances, including how you’ve come to your current savings.

So, we take the time to discuss your situation and goals, and to consult with our lenders, to ensure your home loan has the best chance of success.

For an obligation free consult, get in touch with our savvy broker Desiree!


If you’d like to apply for a home loan, and have less than a 20% deposit than you’ve come to the right place! Our friendly broker Desiree is here to answer all your questions. Based in Sydney’s lovely Sutherland Shire, Desiree works with clients all across the country.

To find out more, call or text Desiree on 0455 131 937 or 1300 140 554. Desiree can also be reached at enquiries@beefinancesavvy.com.au .  You can also fill out the contact us form on this site.

If you’d like to hear from just some of our satisfied customers, take a look at our reviews on WOMO https://www.wordofmouth.com.au/reviews/bee-finance-savvy-miranda

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