The Dangers Of Buy Now Pay Later For Homebuyers
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
Buy now, pay later services that allow consumers to make purchases and spread the cost of items over several interest-free instalments
have grown in popularity over the past few years. However, for homebuyers, there might be risks that they are not aware of.
When lenders assess your ability to borrow, they are going to take a very close look at your entire financial situation.
If you’ve been using buy now pay later services, there might be some red flags that could hurt your application.
Here are four things to consider if you're a home buyer.
With our in-house mortgage broking division we bridge the gap between the countless
phone calls and emails between lender and accountant making your refinancing and borrowing much less stressful.
It's important to review your home loan regularly to ensure it still meets your needs. Working with a mortgage broker can help make the process easier.
Car loan refinancing involves replacing your existing car loan with a new one. The new loan pays off your existing debt, allowing you to start making payments on the refinanced car loan.
Lenders often view job stability and income consistency as key factors in their loan approval process, which can make it tricky if you're settling into a new role.