What Does a Bank Assess For Credit Worthiness?

Banks review your full financial picture, such as income, dependents, employment status, debt history and credit check, but don't lose hope.

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Genuine Savings

Genuine Savings

Genuine savings are required when borrowing more than 85% of the property value and there are different conditions
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Principle and Interest Only

Principle and Interest Only

There are generally 2 loan structures to choose, principle and interest and interest only loans, they each suit different....
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Progress Payments

Progress Payments

Progress payments are part of building a new home, they are required at key milestones throughout the building process, find out....
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Lenders Mortgage Insurance

Lenders Mortgage Insurance

Lender's Mortgage Insurance is applied when a loan is greater than 80% of the purchase price, it is there to protect the banks....
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