Are you a property owner, planning on making another purchase? You may want to use equity from your current property as a deposit for the next one. This is also known as getting “cash out” for a deposit. While this is a relatively common process, it can also be a complex one. A little planning and forethought can go a long way to making it easier.
There is a lot of confusion around getting a home loan as a permanent resident. Luckily, at Bee Finance Savvy, we’re familiar with the process! So we’re able to make it a little easier for our clients. Let’s answer some of the most common questions people have about this situation.
One of the key areas lenders look at when you apply for a home loan, is your employment. Most people realise that it’s best to have held a job for a while, before applying. But what you may not know, is that changes to your employment, even when staying with the same employer, can have a negative impact.
According to a recent study by Digital Finance Analytics, 4 in 10 home loans are declined. At Bee Finance Savvy, we found this statistic quite shocking. Almost half of Aussie home loan applicants are declined These statistics surprised us for two reasons. It’s shocking that nearly half of Aussie home loan applicants are going though
Saving up a 20% deposit to buy a home can be difficult for some people. Luckily there are options out there for home buyers if their deposit is less than 20%. However, lenders don’t tend to advertise the requirements for small deposits. This leaves people in a situation where they apply for a home loan,
We are committed to changing the face of finance brokers. We know how important your goals are, and understand the importance of getting the most out of your loan, without paying unnecessary interest or charges. Our goal is to help you, within your own unique situation, to achieve the greatest savings possible.