How To Get A Home Loan In The Current Market | #19
As we all feared it is already getting harder to get a home loan, but why? Well, high global and local inflation, stagnant wage growth and low consumer sentiment has the market in a downturn. For the first time in nearly 30 years parts of the country are moving from a hot property market to a cooling one and it is going to get harder to get a home loan.
We want to make sure you are best prepared to take on all the external pressures so that you can find the best high-value deals, create a win-win for your sellers and accelerate your property journey.
We delve into:
- The shifting bank standards and what they will be looking out for
- What serviceability is and how it relates to your chances of being approved for a loan
- How and why the market has changed so significantly in the past few months
- Why cash is king in a recession and why people will want to tap out of the property market
- The limit of earnings v borrowing that the banks look at
- The disruptive change makers in the lending industry and how they could work for you
- How to fix your credit score
- Why private funding may be your best option and the top tricks to look out for
- Why you shouldn’t stress if you are an active investor
Join The Property Lovers Facebook Group
Request to join the community here.
Looking to start your property journey?
Join our Property Buyers Toolkit program now.
Links and resources:
View our free downloads here.
Enjoy this episode?
Be sure to subscribe on Apple Podcasts or if you’re an Android user you can follow on Spotify.
Podcast: Play in new window | Download
Disclaimer: The content and information provided on the Property Lovers website, podcasts, video or written content is general advice and for educational purposes only. None of the information presented constitutes, or is intended to constitute, a recommendation for any particular security, investment or strategy suitable for a specific person. The information presented does not take into account your particular investment objectives, financial situation or needs. You should strongly consider seeking independent professional advice based on your specific circumstances.
