© Ben Piper 2019
Ph: 0412 469 824      Email: buyhouseatauction@gmail.com

Make sure you’ve got the money available

 

Don’t bid if you don’t know where the money is coming from

 
 

Loan application preparation tips

 
 
 
 
 
 
 
 
 

Footnotes

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Survey by ME Bank conducted in May 2018 (https://www.mebank.com.au/)

If you find yourself bidding unexpectedly at an auction and don’t have the means on the spot to pay the 10%, you may be able to negotiate with the agent to pay the deposit later, but it is essential that you have that conversation with the agent before the auction starts.

John Wiley & Sons Australia, 2017.  It is also available as an e-book.

I am not suggesting that your lender will necessarily want to see these, but they will help you work out where your money has been going when you are trying to compile your spending history for the loan application.

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