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
LMI or lenders mortgage insurance is something that is often heard of in relation to home loans. But many people don’t know what this kind of insurance is actually for, or who it protects. So what exactly is lenders mortgage insurance?
Most people realise their bank statements are an important part of their home loan application. But what they don’t realise is what lenders are looking for in their statements. Lenders aren’t just looking for regular paychecks, or a good history of saving. There are lot of things lenders look for your statements – and they can cause big problems.
When people want a home loan consult, they might get on the phone, or head to a local bank. But it can be frustrating, standing around in a long queue at bank, just to ask some simple questions about getting a home loan. Being stuck on hold for the same reason can be equally painful.
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.