Wondering what the banks look for when they assess your home loan application?
Let's take a look at the five Cs of credit:
- Capacity: Can you afford to pay them back?
- Capital: How do your assets stack up against liabilities?
- Character: Do you manage your money well?
- Collateral: Are you buying a quality investment?
- Conditions: Is your situation compatible with paying back the loan?
Questions on how this applies to your situation? Get in touch!
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Most people assume their bank will give them the best deal on a home loan. Spoiler: It won’t.
As brokers, we compare dozens of lenders to find a solution that'll work in your best interests, not what’s convenient for the bank.
Banks work for their shareholders. We work for you.
#bestinterestbrokers #mortgagebrokers #mortgage #broker #finance #interestrates #homeloans #businessloans #bridgingloans #constructionloans #smsfloans #equipmentfinance #personalloans #refinancing #purchasing #investing #homeownership #lendingexperts #northernbeachesmums #nswproperty #nswrealestate #goldcoastmums #qldrealestate #queenslandhomes #accountants
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If you'd like to feel more in control of your money, and make sure you're on track to achieve your big goals, here are five tips to make it happen:
- Make a budget
- Save and invest
- Manage your debts
- Have an emergency fund
- Improve your credit score
Good money management is one of life's greatest skills, and not one we're taught in school.
Where did/do you get your finance-related education from?
#bestinterestbrokers #mortgagebrokers #mortgage #broker #finance #interestrates #homeloans #businessloans #bridgingloans #constructionloans #Smsfloans #equipmentfinance #personalloans #refinancing #purchasing #investing #homeownership #lendingexperts #northernbeachesmums #nswproperty #nswrealestate #goldcoastmums #qldrealestate #queenslandhomes #accountants
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Offset accounts can help you save big on interest. Here’s how:
- Your savings reduce your home loan balance, so you pay interest on a smaller amount
- You can still access your funds whenever you need them
It can be a win-win for saving and flexibility, but only if you use it in an optimal way.
Want to know if it’s right for you? We’re here to help.
#bestinterestbrokers #mortgagebrokers #mortgage #broker #finance #interestrates #homeloans #businessloans #bridgingloans #constructionloans #smsfloans #equipmentfinance #personalloans #refinancing #purchasing #investing #homeownership #lendingexperts #northernbeachesmums #nswproperty #nswrealestate #goldcoastmums #qldrealestate #queenslandhomes #accountants
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Wishing you a happy New Year 🥳
Here's to a healthy, prosperous, and bright 2025 🥂
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