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This week we had Bernadette Lunas, resident finance journalist, on to talk about home loans for students - is it possible? Well the short answer is yes but like any customer, the bank will want to see a good income, good savings history, and stable employment. These are three ingredients that might prove difficult if you're a full-time student. This is where you'll need to get creative, like potentially getting a guarantor, or using the government's Home Guarantee Scheme. And as always, buy within your means - that probably means an apartment.
For more info read Bern's article on infochoice.com.au
00:00 - Intro00:30 - Bern's Savings Tip: Student Discounts01:34 - Possible for students to get a home loan?03:22 - Improve your chances of approval04:42 - Wait until after graduating?05:59 - Crazy property market06:39 - Outro
This week we had Bernadette Lunas, resident finance journalist, on to talk about home loans for students - is it possible? Well the short answer is yes but like any customer, the bank will want to see a good income, good savings history, and stable employment. These are three ingredients that might prove difficult if you're a full-time student. This is where you'll need to get creative, like potentially getting a guarantor, or using the government's Home Guarantee Scheme. And as always, buy within your means - that probably means an apartment.
For more info read Bern's article on infochoice.com.au
00:00 - Intro00:30 - Bern's Savings Tip: Student Discounts01:34 - Possible for students to get a home loan?03:22 - Improve your chances of approval04:42 - Wait until after graduating?05:59 - Crazy property market06:39 - Outro