Rise High Financial Solutions

Get a Better Result from your Lender – Smart Property Investment Podcast

Ever wonder how to get a better result from your lender? Listen to the Smart Property Investment Podcast to find out! 
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Get a Better Result from your Lender – Smart Property Investment Podcast

Ever wonder how to get a better result from your lender? Listen to the Smart Property Investment Podcast to find out! 
Share this article with friends and family:
Facebook
Twitter
LinkedIn
Email
WhatsApp

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Over the last 12 months we have had a lot of tightening in lending in alot of areas. This resulted in Australians having their borrowing capacity being reduced. Most Australians that are in a position to refinance their debts go to their banks only to be told that they can’t afford to service their existing loans.

We expect to see different lenders having different assesment rates. These assesment rates would be based on their risk appetites and their risk levels. However the assesment rates on average would be closer to the current interest rate levels. This would help with increasing borrowinf capacities.

A lot of people are still struggling to realise that their expenditure over the last 3 to 6 months is really hurting them. This is beacause banks are reviewing these expenses with a fine tooth comb for loan applications. Banks are taking the average of your expenses from the last 3 to 6 month period to estimate your overall living expenses. However, you may have made some one off larger expenses during this time. This is then being included into your average living expenses overall. This could include buying new furniture or even a holiday.

To find out more about how lenders look at your loan applications watch the video above. Once you know how lenders view your application you can then come up with stategies on how to get a better result from your lender. For more videos like this, check out Rise High TV. If you have any questions, get into contract with us here.

Our suggestions for you:

Teach your kids about money

In today’s cashless society it’s hard for children to understand the value of money and more importantly for them to understand that there’s not a never-ending supply of it coming from that little slot in the wall we call an ATM machine. Taking the time to teach your kids about money will develop in them good money management habits, providing them with freedom to make the decisions that will ensure that they have the life that they want as an adult.

Relationships and Money Working Together!

Financial stress is a really big cause of relationship breakups. Money in relationships are often a taboo topic to talk about. Original wedding vows include a promise to be together forever, for richer or poorer, but in reality, many couples find for poorer way too hard. Relationships Australia research shows that financial stress is the number one cause of relationship breakdowns in Australia. 

How to Financially Survive and Thrive During Menopause

At Rise High, we are passionate about empowering women to have financial confidence and security through increased Financial Literacy. In partnership with Mimi Moon Meno, we recently recorded a Facebook Live session exploring the life and financial challenges associated with menopause.

Watch the video and read through our blog to discover tips that will help you thrive and survive during menopause.