Planning for your future loan? Planning your goals, and saving your deposit is a very important part of your loan process.
Bank Statements showing more spending than you would like? Your version of spending, and the bank’s version of spending could be two different things and you may be worrying unnecessarily about your living expenses. There may be a few times in the year when expenses are higher – Christmas, Easter, School Holidays, Overseas travel, Return to School but these expenses can be explained as they may not be happening every month. Living expenses such as electricity and fuel have increased as well but you may find your expenses are still within “normal” expenses.
When is a good time to contact a broker? We often support our clients 1-2 years before they are ready to lodge a loan. There are a variety of reasons – refinance after separation, first homeowner saving a deposit, buyers trying to pay off their debt fast as possible, having a baby, returning to work, waiting for the credit file to clear so we can obtain a great interest rate, etc.
Credit Report on the low side? We have a look at the reason (no judgement). We may have some ideas to increase your credit score. We even have lenders who disregard your credit score and the amount of enquiries you may have.
I like to educate our clients so that they are comfortable with the goals we have in mind. It does not matter if you are not a home buyer right now as this seldom happens. It’s more important our clients are educated about the finance process, are comfortable with our plan, and can see how positive home ownership can be for their family.
If you would like to know more, please call 0403 211 361 or email hello@georgefinancialservices.com.au
