Keeping money in your savings is one of the most irresponsible things you can do. You are litterally losing money year after year because of inflation. So i never save money in a bank. Its only meant for paying bills. Everything else is for living and investing, im not trying to stay poor my whole life. They should let me borrow over 1mil cause i can manage money better than the banks at this point.
Inflation is low my friend.... is just a general idea and an excuse... How much prices can rise in 5 years? Yes you will lose some moneys, and big anmout if we are talking about millions.
I had a 26% deposit, a credit rating of 847, been in my job for 4 years, no gambling, no credit cards, low living expenses and still got declined with no reason given...
@@MortgageBrokerAustraliaHi,Text Freddy .. ((929) 458-0630 He’s an expert 💯 I got 15k$ within 10 minutes All thanks to him for! helping with cash app flip, credit card flip He also works on SBA loan MONEY GRANT 💵💵💵👌 within a week, loan forgiveness. Text Freddy and thank me later This guy is a life saver. He his texted and trusted 💯💯💯
Provided you meet the other income criteria, have your deposit etc that is fine. The banks wont discriminate just because you are single and self employed
Once you have Pre-Approval from one bank. Is it wise or not to apply to a different bank for pre-approval? Just in case the formal final approval is not granted. To limit the time delay when you find a property you wish to make an offer on.
What happen when you finish paying your house and you want to ask for a personal loan and the bank check you credit and see everything you have ready pay off and also that you have a good credit. Well this personal ready pay off his car and his his house. But he did not work for 3 months because he got sick so he could not work for those month so he need the loan. The bank was asking him to many question why did he need to loan etc well the loan that he need back in that time was $30,000. So they say he can not let him the loan to fix his other truck because he have not been working for 3 months and that they can lend him that money but the only reason that they can lend him money is by singing a paper saying that if he can not pay $30,000 that the bank can keep his house and car. But they will lend him $65,000 if he sign that paper. Can banks ask question why do the customer need the personal loan or loan? Why They could not lend him the money if he have good credit. I know he was not working for 3moths but he have good credit? Is that is because the bank want to take advantage of him? Why the bank do not want him to lend the $30k if he had good credit score?
Thanks for sharing your story Me Jhon, great question and unfortunately the banks are heavily regulated. They need to demonstrate they've lent responsibly and that the loan they provide you can be paid back without putting you in a difficult financial position.
Hi,Text Freddy .. ((929) 458-0630 He’s an expert 💯 I got 15k$ within 10 minutes All thanks to him for! helping with cash app flip, credit card flip He also works on SBA loan MONEY GRANT 💵💵💵👌 within a week, loan forgiveness. Text Freddy and thank me later This guy is a life saver. He his texted and trusted 💯💯💯
Its fine, if you have >10% savings you dont need to show genuine savings / holding 5% deposit for 3 months. If less you can use rental ledger more info th-cam.com/video/IBF9njPi33E/w-d-xo.html
Hi Kordas. Banks do not typically have the ability to directly see the specific transactions you have in accounts with other banks. However, they do have other ways of getting a broader picture of your financial health. During the loan application process, banks will typically ask you to provide statements for all your bank accounts, including those held with other banks. This allows them to assess your income, expenses, and overall financial behavior, and it is important to be honest and thorough in providing this information. Additionally, if you apply for credit (like a credit card or a loan) with another bank, this will usually be recorded on your credit report, which can be accessed by all banks. Multiple credit applications in a short time period can negatively impact your credit score and may be viewed negatively by potential lenders. Please note that providing false information to a bank during a loan application process is generally illegal and can have serious consequences. The importance of careful financial management, being aware of your own credit score and the factors that can influence it, avoiding making many applications for credit, and ensuring that you understand the specific requirements and criteria of the bank you're applying to for a loan.
Don't borrow anything from any banks. Make your money from innovating and creating. Banks only serve toward one objective :- Owning everything you buy and owning you !
@@johnbenz4301 That's a benign statement with no factual foundation. Here's just one fact that justifies my statement :- Interest % there is zero justification for the charging of interest on any bank loan ... Interest causes countries like Greece to lose everything because money has no value standard and is backed with 'hot air'.
Certainly! When applying for a personal loan, honesty is the best policy. Misrepresenting the purpose of the loan can have negative consequences and could be considered fraudulent. Here are some general guidelines: Be Clear and Specific: Lenders prefer applicants who are clear about the purpose of their loan. For example, instead of saying "for personal use," it's better to specify, such as "for home renovations" or "to purchase a vehicle." Align with Common Purposes: Most personal loans are approved for purposes like debt consolidation, medical expenses, home improvements, or significant purchases. If your loan purpose aligns with these common reasons, mention it. Show Responsibility: If you're consolidating debt, it can be perceived positively, as it shows you're taking steps to manage and pay down your existing debt. Avoid Red Flags: Certain loan purposes can be considered red flags, such as borrowing to gamble or to invest in speculative ventures. It's best to avoid these when discussing the loan purpose. Prepare to Show Proof if Needed: For some purposes, like a wedding or travel, the lender might ask for estimates, invoices, or other supporting documents. Be prepared to provide these if required. Lastly, remember that each lender may have their own criteria, and what might be acceptable for one might not be for another. It's always good to research or ask the lender directly about any specific concerns.
I’m interested in a home improvement loan from LightStream and have great credit. But I currently have a DTI ratio of 43%. Can I qualify for a 100k personal loan with zero credit issues and a score currently sitting at 815? I’d like to finance for 12 years which will put my future DTI ratio at about 56%. Please advise. Thank you
Hi guys, Will an excellent rent ledger going back a few years and paying the same amount of rent as what my mortgage repayments would be, help me get approved for a loan if I only have 5% deposits?
Hey @ColourGigi you still need to have at least 5% deposit - in most cases the banks will want around 8% deposit. The rental ledger helps if you do not have genuine savings, so in other words if your parents gifted you the entire 5% deposit you can use the rental ledger to get around the genuine savings rule.
You sure can, some lenders will need to see 3 months transaction statements for the account you are getting paid in. So if you have a new account. They might request statements from the old account.
![ตีสิบเดย์ [FULL] | อาจารย์โอเล่ ญาณสัมผัส ผ่าดวงคนดัง ประเทศไทยจะเป็นยังไงหลังจากนี้!](http://i.ytimg.com/vi/gszT2O76fL4/mqdefault.jpg)
📚 My Free Resource Hub & Education Community 👉 go.huntergalloway.com.au/hub
I wish school would’ve taught me this so I wouldn’t have to search this up at 3 am
Haha so true!! Thanks for watching
Reading this at 3 am.
Lmao same
For me it’s 4am this is crazy
then u fall asleep and forget all about it. I know all about that
If I didn't spend money, I wouldn't need a loan.
Haha you and me both Laura!!
Wow I can't stop thanking wing_bite on Instagram he helped me within a short to get it done and all my problem was solved
Not true at all. The reason you need a loan is because the government has allowed foreign entities to buy up 90% of our residential property.
These are the type of video’s I’m happy not a lot of people see, in a good way! 😉
Glad you like them! Thank You 🙌 😊
Love your videos guys! Incredibly informative with my journey towards buying my first place.
Our pleasure!
Keeping money in your savings is one of the most irresponsible things you can do. You are litterally losing money year after year because of inflation. So i never save money in a bank. Its only meant for paying bills. Everything else is for living and investing, im not trying to stay poor my whole life. They should let me borrow over 1mil cause i can manage money better than the banks at this point.
Thanks for watching Ducatel!
Inflation is low my friend.... is just a general idea and an excuse...
How much prices can rise in 5 years? Yes you will lose some moneys, and big anmout if we are talking about millions.
This comment didn’t age well. Inflation 7% last year, and we know it’s actually higher if you look at the price of groceries.
I had a 26% deposit, a credit rating of 847, been in my job for 4 years, no gambling, no credit cards, low living expenses and still got declined with no reason given...
Thanks S K, sorry to hear. Doesn't sounds right to me. Happy to take this offline to see what we can do: www.huntergalloway.com.au/contact/
Thanks for the advice but the music does not help and throws off my attention.
Yeah sorry Chi we sorted this in newer videos so defo check them out. cheers
This is a great video. I am commenting in hopes of raising your views. Thanks for the info guys!
Mate thanks so much really appreciate that Alex!!! Thanks again for watching! Cheers, Jayden.
@@MortgageBrokerAustraliaHi,Text Freddy .. ((929) 458-0630
He’s an expert 💯
I got 15k$ within 10 minutes
All thanks to him for! helping with cash app flip, credit card flip He also works on SBA loan MONEY GRANT 💵💵💵👌 within a week, loan forgiveness.
Text Freddy and thank me later
This guy is a life saver.
He his texted and trusted 💯💯💯
Thanks guys… took a few good tips.
Thanks for watching Corey!
What about self employed single person ? How can he get his first home financed ??
Provided you meet the other income criteria, have your deposit etc that is fine. The banks wont discriminate just because you are single and self employed
Once you have Pre-Approval from one bank. Is it wise or not to apply to a different bank for pre-approval? Just in case the formal final approval is not granted. To limit the time delay when you find a property you wish to make an offer on.
Who are you ! You ! Love the content guys 👍👍👍👍🤙🏼🤙🏼🤙🏼
What happen when you finish paying your house and you want to ask for a personal loan and the bank check you credit and see everything you have ready pay off and also that you have a good credit. Well this personal ready pay off his car and his his house. But he did not work for 3 months because he got sick so he could not work for those month so he need the loan. The bank was asking him to many question why did he need to loan etc well the loan that he need back in that time was $30,000. So they say he can not let him the loan to fix his other truck because he have not been working for 3 months and that they can lend him that money but the only reason that they can lend him money is by singing a paper saying that if he can not pay $30,000 that the bank can keep his house and car. But they will lend him $65,000 if he sign that paper.
Can banks ask question why do the customer need the personal loan or loan? Why They could not lend him the money if he have good credit. I know he was not working for 3moths but he have good credit? Is that is because the bank want to take advantage of him?
Why the bank do not want him to lend the $30k if he had good credit score?
Thanks for sharing your story Me Jhon, great question and unfortunately the banks are heavily regulated. They need to demonstrate they've lent responsibly and that the loan they provide you can be paid back without putting you in a difficult financial position.
@@MortgageBrokerAustralia include it that he have gd credit?
So should you get the loan get into the house then change jobs?
Some more free resources and tips on getting your loan approved quickly www.huntergalloway.com.au/home-loan-declined/
Hi,Text Freddy .. ((929) 458-0630
He’s an expert 💯
I got 15k$ within 10 minutes
All thanks to him for! helping with cash app flip, credit card flip He also works on SBA loan MONEY GRANT 💵💵💵👌 within a week, loan forgiveness.
Text Freddy and thank me later
This guy is a life saver.
He his texted and trusted 💯💯💯
How does buying/selling shares effect your bank account history?
Its fine, if you have >10% savings you dont need to show genuine savings / holding 5% deposit for 3 months. If less you can use rental ledger more info th-cam.com/video/IBF9njPi33E/w-d-xo.html
What if I have no credit or cosighn and bring home 2000 after taxes a month could I get a 20k dollar loan?
Yeah you should try the calculator www.huntergalloway.com.au/how-much-home-can-i-afford/
Quick one, does Bank A (loan bank) can see other transactions via bank b? Will they ask do you have other accounts?
Hi Kordas. Banks do not typically have the ability to directly see the specific transactions you have in accounts with other banks. However, they do have other ways of getting a broader picture of your financial health.
During the loan application process, banks will typically ask you to provide statements for all your bank accounts, including those held with other banks. This allows them to assess your income, expenses, and overall financial behavior, and it is important to be honest and thorough in providing this information.
Additionally, if you apply for credit (like a credit card or a loan) with another bank, this will usually be recorded on your credit report, which can be accessed by all banks. Multiple credit applications in a short time period can negatively impact your credit score and may be viewed negatively by potential lenders.
Please note that providing false information to a bank during a loan application process is generally illegal and can have serious consequences.
The importance of careful financial management, being aware of your own credit score and the factors that can influence it, avoiding making many applications for credit, and ensuring that you understand the specific requirements and criteria of the bank you're applying to for a loan.
Don't borrow anything from any banks. Make your money from innovating and creating. Banks only serve toward one objective :- Owning everything you buy and owning you !
Thanks for watching!
You’re wrong buddy..
@@johnbenz4301 That's a benign statement with no factual foundation. Here's just one fact that justifies my statement :- Interest % there is zero justification for the charging of interest on any bank loan ... Interest causes countries like Greece to lose everything because money has no value standard and is backed with 'hot air'.
I don’t understand them.
Thanks for watching!
throw away that shirt nathan!!!!
Lol agreed! Thanks for watching cheers, Jayden.
When applying for a personal loan ,what should I say the loan is for to improve my chances of being approved?
Certainly! When applying for a personal loan, honesty is the best policy. Misrepresenting the purpose of the loan can have negative consequences and could be considered fraudulent. Here are some general guidelines:
Be Clear and Specific: Lenders prefer applicants who are clear about the purpose of their loan. For example, instead of saying "for personal use," it's better to specify, such as "for home renovations" or "to purchase a vehicle."
Align with Common Purposes: Most personal loans are approved for purposes like debt consolidation, medical expenses, home improvements, or significant purchases. If your loan purpose aligns with these common reasons, mention it.
Show Responsibility: If you're consolidating debt, it can be perceived positively, as it shows you're taking steps to manage and pay down your existing debt.
Avoid Red Flags: Certain loan purposes can be considered red flags, such as borrowing to gamble or to invest in speculative ventures. It's best to avoid these when discussing the loan purpose.
Prepare to Show Proof if Needed: For some purposes, like a wedding or travel, the lender might ask for estimates, invoices, or other supporting documents. Be prepared to provide these if required.
Lastly, remember that each lender may have their own criteria, and what might be acceptable for one might not be for another. It's always good to research or ask the lender directly about any specific concerns.
I’m interested in a home improvement loan from LightStream and have great credit. But I currently have a DTI ratio of 43%. Can I qualify for a 100k personal loan with zero credit issues and a score currently sitting at 815? I’d like to finance for 12 years which will put my future DTI ratio at about 56%. Please advise. Thank you
Thanks Tom, great question. This might be something best to discuss offline, feel free to reach out with us here www.huntergalloway.com.au/contact/
Hi guys, Will an excellent rent ledger going back a few years and paying the same amount of rent as what my mortgage repayments would be, help me get approved for a loan if I only have 5% deposits?
Hey @ColourGigi you still need to have at least 5% deposit - in most cases the banks will want around 8% deposit.
The rental ledger helps if you do not have genuine savings, so in other words if your parents gifted you the entire 5% deposit you can use the rental ledger to get around the genuine savings rule.
Do banks look at a crypto portfolio favourably?
Thanks Rona, it would be considered as savings and can be used towards your deposit.
@@MortgageBrokerAustralia awesome! Thank you.
Check yourself 😂
Thanks for watching Billy!
Can you get a loan with a new bank account?
You sure can, some lenders will need to see 3 months transaction statements for the account you are getting paid in. So if you have a new account. They might request statements from the old account.
Banks don't loan people money
Thanks for watching Laroderick,
I am encircled by 8 billion breathing churches.
Thanks for watching!
how do i get approved for a loan with a regular job
Thanks Jaidyn, great question and feel free to reach out with us here www.huntergalloway.com.au/contact/ where we can complete an assessment