During the last year buy now, pay later services, such as Afterpay and Zippay, have become very popular. Many people find these services very helpful for paying off appliances, clothing and more. But did you know that they can affect your home loan application.
A new home is usually the most expensive people buy. This means that their home loan deposit, is likely the largest sum of money they’ll have to save. This can make the process of saving up for your deposit seem rather daunting. But small changes to your savings habits can make all the difference.
If you’re thinking about doing renovations on your home, you might be looking at getting cash out of your mortgage to pay for them. It’s important to plan ahead in this scenario, to make sure your application is successful.
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.
You might think that applying for a home loan is complicated and stressful A recent survey by a major lender, revealed many people share this view. 48% of people said that applying for their first home loan was too hard.
We provide expert advice to help you purchase your next home, or to refinance when your needs have changed. We stay up to date with dozens of lender policies. This can save you hours of hunting around, looking for the best options. Leave that to us!