Gone are the days where you could assume that a steady income would grant you some kind of home loan. The current lending environment is a fickle one! What many fail to realise is that getting approval is much like playing a game of chess – make one wrong move and check mate, you’re declined!…
Articles by Sean Herman
Sean Herman is the Managing Director of Professional Partners, a boutique Mortgage Broking firm which he established alongside his business partner over 13 years ago, he’s a Charted Accountant and has over 20 years finance experience.
Saving a 20% house deposit is tough especially when median house prices continue to skyrocket. But there is a way to speed up the deposit-saving process by using Lenders Mortgage Insurance (LMI). What is LMI? LMI is insurance you can take out when loaning money from a financial institution. It protects the lender if you…