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What is Genuine Savings?

What is Genuine Savings?

Did you know that lenders have a mandatory savings policy when purchasing with a minimal deposit?This is known as genuine savings. Genuine savings show the bank that you have a bit of skin in the game—some hurt money that you saved up yourself. Most lenders like to...
What is a Home Loan Pre-approval?

What is a Home Loan Pre-approval?

Securing a formal home loan pre-approval is the best way to bargain for a good price with the seller. Some real estate agents and vendors won’t actually accept your offer if you don’t have a signed letter, so here are our tips for pre-approval.   Home Loan...