ARE HOME LOANS HARD TO GET?

The past year has been pretty volatile for the finance industry.

The royal commission coupled with the state and federal elections saw many mixed messages being sent about our economy, the housing market, and particularly the lending industry.

There is a misconception that it is now difficult to borrow from the banks.

While it is true that lending conditions have changed, it is our responsibility as a professional mortgage service to respond using all our knowledge, expertise and hard work to ensure our clients get the best outcome. And our success rate backs this up – we have just received 35 loan approvals out of 35 loan submissions. That is simply because we know our stuff. We have access to more than 30 different lenders, and they all have different requirements.

There simply is no one-size-fits-all approach, and we make it our mission to find a way for you to get into your dream home, investment property or new car.

While it is taking longer for approvals, it is all about the details – banks are looking at living expenses sometimes up to the past six months.

Overspending, store cards and ‘buy now, pay later’ facilities, can all effect your individual credit report. We can help you determine what your credit profile is, and, if required, how to go about repairing it. We can help you with what to do prior to applying for a loan to put you in a more favourable position for finance and/or potentially increase your borrowing capacity.

The end of financial year is such a good time to review your finances, insurances and mortgages. We may be able to save you thousands of dollars off your mortgage, and we do all the hard work for you.

Phone our friendly office today to make an appointment and speak to one of our experts.