If you talk to one of the brokers I would assume they would ask you about this in detail, but I imagine this part doesn't look very good?
You say it has been hovering around the $9000 for about 3 months, was it higher before or lower? And why hasn't it been increasing over the last 3 months...I thought the banks liked to see a pattern of saving?
It seems especially low considering your income?
Sorry this isn't meant as an attack or anything, there are obviously plenty of reasons it might have stayed there (including that just being the level of savings you were happy to keep...mine is around 20-25k, I start getting unhappy when it gets below that 20k mark), just curious which I assume the bank would be too?
I'm curious about this if I can just hijack this for a second (as one answer has been given over and over ("see a broker")).
When you are on the Breakfree package you get a "free" credit card, I have a $15k credit card (because I want the benefits of the platinum card basically, like extra insurance, travel insurance etc) with mine, and when I saw the bank today they still punched that in as part of my financials.
Now, I have never paid any interest on it of course as it is paid automatically, what I'm curious about is, that when I go for a 2nd loan it will actually be worth me cancelling the card, and then asking for a new one again when my annual fee comes up under the Breakfree package...
Is this really the case? And is it not one of the most stupid things you have ever seen? AFAIK they never reject you for the card as it is included in the package...you will always receive it, so why on earth should it count to reduce your borrowing capacity with the same lender that issued you the card?
. Does/Can this be included as my income assesment, if so this puts me back in to the picture to purchase h&l together now rather than wait the whole 3-6 months deal, and potentially easy the banks mind vs purchasing land on its own.. As some said, they view this as a higher risk.
