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

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