17/05/2026
If you're looking to secure a home loan in the near future, it’s a good idea to take extra care with your spending at least three months before you apply for a home loan.
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If, for instance, you’ve got a maxed-out credit card but are shopping up a storm on Afterpay, the lender may wonder why you’re not diverting this discretionary spending to paying off your debts.⠀
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The banks are looking for evidence that you handle your debts well. If you're only making the minimum monthly repayments, or if you're behind on your repayments, it paints a picture that perhaps you're not on top of your money.⠀
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They also want to see evidence of good savings habits. So if your nightly takeaway is getting in the way of your savings plan, then you may want to reprioritise your spending.⠀
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Get in touch to find out more.