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by Matthew88
Thu Jan 24, 2019 9:26 pm
Forum: Home Loan Forum
Topic: What counts as genuine savings?
Replies: 5
Views: 1351

Re: What counts as genuine savings?

Hmm. That’s concerning. But I’ll go through the link to see if I can find an alternative to solving my problem. Do let me know if there are other ways to get approved without genuine savings. Any assistance would be very appreciated.
by Matthew88
Thu Jan 24, 2019 9:09 pm
Forum: Home Loan Forum
Topic: What counts as genuine savings?
Replies: 5
Views: 1351

Re: What counts as genuine savings?

Hey,

Thanks for helping out. The money that I said I had saved up actually came as an inheritance from my nan when she passed away last year. Just to be on the safe side of things, will this be an issue while applying for a home loan?
by Matthew88
Thu Jan 24, 2019 8:53 pm
Forum: Home Loan Forum
Topic: What counts as genuine savings?
Replies: 5
Views: 1351

What counts as genuine savings?

Hello,

I’m looking to purchase a property in Sydney that is currently priced at $800,000. I have some funds saved up but I don’t know whether it will be enough to cover the minimum deposit requirement.

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