If you’re a doctor or accountant good news!
These positions are deemed more stable and at less risk of leaving you jobless.
A long stable history of working in well paid positions will also work in your favour.
To demonstrate that while it may take you a little while you WILL pay off the loan a bank may request to see your bank statements from the few months prior to submitting your application.
They will be looking for dedication and consistency when it comes to saving patterns ensuring that you have what it takes to put away the $$$ month after month.
To qualify you will need to be purchasing a regular property.
This includes a house, townhouse, unit or vacant land.
You will also be required to purchase a home in a major city or town.
This is because these areas are more in demand and if you’re at risk of defaulting homes in these areas can be sold much easier.
These requirements work on a case by case basis so if you have any questions click here to speak to a Shore Financial broker.