When looking to purchase your property, having a deposit alone is not enough. Most lender have policy which will policy which require that part of your deposit is from a "genuine" source. This is generally dictated my the lender policy and the Lender Mortgage Insurance(LMI) they use. So what exactly is genuine savings. What is Genuine Savings? Genuine savings is a term used by the lending industry when defining whether the funds to be used as a deposit by a proposed borrower

With news surrounding the banking royal commission, I have been asked by multiple clients over the last few weeks on what is it exactly that mortgage brokers do and why they should be using one. With over 150 banks and lenders in Australia it's no wonder that people can struggle to navigate this landscape on which lender to choose. Today, mortgage brokers originate over 50 percent of home loans in Australia so why exactly are customers turning to mortgage brokers for their h