Post to Facebook on 1/11/2018 at 3:49 PM
Commenting on “How your Uber Eats history could affect your chances of your future home loan”
https://www.domain.com.au/news/how-your-uber-eats-history-could-affect-your-chances-of-your-future-home-loan-779623/
I have been advising you, the readers, to save, save and save, so that you can raise as much as you possibly can for a higher share of equity and give the lenders the confidence to lend you the rest of the money for the home loan.
Many people do not believe in loyalty to a bank. Well, I am just another old school account holder; I have to confess that I keep money in more than one bank, but I have been a long time customer for each. In fact, close to 40 years or longer.
Not that I have a lot of money in each bank, I move my money around; I might have a huge balance at one bank for some time, and little in their other. Later, I do the same with another bank. The whole idea is to make my presence felt, and get to meet the manager of senior staff member.
The above paragraphs describe the direct opposite effect of what the article talks about. Such loyalty can counteract the negatives of one’s “bad” habit spending.
The convenience of online meal order, and the use of home delivery makes one unhealthy physically and financially. I still feel the pinch if I spend more than $30 for a meal in a restaurant. In general, my normal individual portion Malaysian meal does not exceed $18.
One cannot just develop the habit of saving overnight, but if one is not determined to achieve their target, the hope of owning a house is highly unlikely.
Lenders need to assess the borrower’s ability to repay the mortgage. With hardly any upward movement in wages, one‘s bottomline will only become less and less as cost of living just goes up and up.
The basic logic shows that if one does not get a promotion in his workplace, then the money spent daily will have to be reduced.
Online order does not just stop at meals. Purchases from eBay, Amazon, Gumtree, etc all leave traces and telltale signs, which may not leave a good impression for the potential lenders. However, if one is disciplined enough to use the plastic card for regular payments of utility, and essential expenditure, this may score well and be perceived as a responsible borrower.
I do not need any further loan from the bank; even if my spending is tracked, I cannot see how the bank can make use of the data collected. One thing the banks will notice is that I do not shop at Aldi, because it charges transaction fee.
Thank you for reading.
Commenting on “How your Uber Eats history could affect your chances of your future home loan”
https://www.domain.com.au/news/how-your-uber-eats-history-could-affect-your-chances-of-your-future-home-loan-779623/
I have been advising you, the readers, to save, save and save, so that you can raise as much as you possibly can for a higher share of equity and give the lenders the confidence to lend you the rest of the money for the home loan.
Many people do not believe in loyalty to a bank. Well, I am just another old school account holder; I have to confess that I keep money in more than one bank, but I have been a long time customer for each. In fact, close to 40 years or longer.
Not that I have a lot of money in each bank, I move my money around; I might have a huge balance at one bank for some time, and little in their other. Later, I do the same with another bank. The whole idea is to make my presence felt, and get to meet the manager of senior staff member.
The above paragraphs describe the direct opposite effect of what the article talks about. Such loyalty can counteract the negatives of one’s “bad” habit spending.
The convenience of online meal order, and the use of home delivery makes one unhealthy physically and financially. I still feel the pinch if I spend more than $30 for a meal in a restaurant. In general, my normal individual portion Malaysian meal does not exceed $18.
One cannot just develop the habit of saving overnight, but if one is not determined to achieve their target, the hope of owning a house is highly unlikely.
Lenders need to assess the borrower’s ability to repay the mortgage. With hardly any upward movement in wages, one‘s bottomline will only become less and less as cost of living just goes up and up.
The basic logic shows that if one does not get a promotion in his workplace, then the money spent daily will have to be reduced.
Online order does not just stop at meals. Purchases from eBay, Amazon, Gumtree, etc all leave traces and telltale signs, which may not leave a good impression for the potential lenders. However, if one is disciplined enough to use the plastic card for regular payments of utility, and essential expenditure, this may score well and be perceived as a responsible borrower.
I do not need any further loan from the bank; even if my spending is tracked, I cannot see how the bank can make use of the data collected. One thing the banks will notice is that I do not shop at Aldi, because it charges transaction fee.
Thank you for reading.
