The Royal Banking Commission of Australia has launched a rigorous investigation into individual loans in Australia, making it even harder to apply for home loans in Australia.
Recently, this strict censorship system has come up with a new pattern!
Nearly every penny a mortgage applicant spends is subject to scrutiny by lenders, according to the daily mail. There are so many and meticulous reviews that you can't get through them with a little attention, so that you can't get a loan. The editor will then summarize these reviews to see to what extent.
A gym member? No!
If the applicant has an annual income of more than A $300000, be careful. That means lenders will ask if they have a gym member.
If the applicant answers to handle, then sorry-gym members of the expenses are not small, refused to give you a loan!
A senior member of Netflix? No!
The Netflix membership system is divided into two categories: ordinary members ($10 / month) and senior members ($18 / month).
If the applicant opens a senior member of US $18 / month, it will be considered to be potentially overspent and rejected as non-negotiable.
It's a walk to work? Please show up the evidence!
Mr. Dargan, managing director of Home Loan Experts, a mortgage agency, said there were loan applicants who said they walked to work, so transportation costs were low.
But the lenders have asked the lenders to provide the footprint on Google's maps to prove it is walking to work. Otherwise, the loan application will not be approved.
Birthday party expenses? Prove it, please!
Some families hold parties and buy a lot of food at once.
But in loan reviews, these big spending bills are also required to prove authenticity and explain why the bill is so large.
Coffee every breakfast? No!
Breakfast coffee is a normal part of everyday life.
But lenders see the accumulation of money as a potentially high level of consumption as a justification for refusing to lend.
A lot of calls to Uber? No!
If you want to apply for an house loan, the Uber bill is part of the review.
If Uber is used too much instead of public transport, it is thought to increase the risk of bank lending.
In response to, Mortgage Choice's CEO,Susan Mitchell, such an approach is due to the lender's dishonesty, in order to obtain loans, falsified asset certificates, which would greatly increase the risk of banks, which is the only way to carefully examine the lender's income and expenditure.
Therefore, there are applications for Chinese in Australia, before the application, be sure to check their own bills, almost every detail above will be included in the property review process!