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Tag - Finance

When was the last time you reviewed your loans?

Stop procrastinating and take Action, as in most cases you can achieve a better outcome by having KBSG review your loans.

As an added service we would like the opportunity to review your loans, and other Bank facilities that you have in place on your behalf.

If we cannot achieve a favourable result after our initial review, you will not be charged a fee.

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How debt impacts on your home loan application

tax-compliance-liverpool-nswMost of us have some debt – from a student loan or tax debt to credit cards, personal loans, car loans, or an existing home loan. And any debt or credit cards you have when you apply for a home loan will impact on your application in two main ways. First, a lender will factor in your need to service this debt when assessing your borrowing capacity, or your ability to service a new loan. Second, your repayment history on your existing debts, as well as the number of times you’ve applied for credit, will affect your credit score. Lenders use your credit score as a guide for how responsible you are with money and whether you qualify for a home loan in the first place. (more…)
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