In most situations involving a discussion surrounding money, preparation is key. The ability to be able to anticipate what will [most likely] happen in the future, or in this case, how much your home loan will probably cost, is vital for a successful outcome. If you can show your lender... read more →
Mar
22
Mar
14
Your other debts can majorly affect your chances! This is because the bank takes into consideration the repayments, not how long you have left to repay it with, not the balance of the loan. Even if you only have a $10,000 personal loan over 2 years (Let’s assume the repayment... read more →
Mar
14
The other day, I was taking a walk-through Applecross just to check out the beautiful homes and I thought to myself, what makes people choose where they live? OR, more importantly, what SHOULD people consider when choosing? So, I have compiled a short list of the top 10 things to... read more →
Mar
12
"Risk assessment" is a term used mostly across the finance and banking industry. It's usually used when determining the likelihood of loss on an asset, loan, or investment. Assessing risk is an essential part of determining how worthwhile it is for the lender to invest in an applicant. The lender... read more →
Mar
05
This is a question we often get asked… how will my lender assess my application? Well, each lender has their own methods for weighting the factors they use to measure applicant’s ability to repay their loan, however, this means there is no definite criteria on how lenders judge their clients.... read more →
Feb
26
Your current debt situation could be costing you more than just interest! 😕 Research shows there is a clear link between financial and mental health, with some studies noting a higher risk of mental health issues alongside those who have debt. According to the Australian Psychological Society’s annual report, financial... read more →
Feb
19
This is a very common question, how much can you afford to borrow? Well, your borrowing capacity is based purely on you income and expenditure, which is different for everyone. You have to take into consideration your living expenses, other debts i.e. personal loans, credit cards , car leases, Afterpay... read more →
Feb
12
Well, to be complete honest - A LOT of personal information is required! However, the information required for a loan application depends on many factors. For example, which lender you choose to go with and what special circumstances of yours the bank may need to take into consideration 🏦✔️. Such... read more →
Feb
05
At M Finance, majority of our clients come from suburbs within the City of Rockingham. Some of those clients are young families or couples looking to start a family, so we decided to do a post covering some general school statistics within the region: Public: Baldivis secondary college (Yr 7-12):... read more →
Sep
12
How do I pay my loan off quicker? Well, there are multiple ways, but it depends on your circumstance. It is easier to pay off a variable loan quicker if you have the extra money to put into the loan. 1. Negotiate a lower interest rate (We can apply on... read more →