Earnest Finance
Trusted finance consultants focused on arranging finance for homes, investment properties, businesses, SMSF's (Self Managed Super Funds) with the objective of delivering excellence.
13/09/2021
📗 What are genuine savings?
Lenders want to see that you’ve saved up at least 5% of the deposit over time on your own. These deposits are treated as Genuine Savings.
✅ Genuine savings examples - Savings held or accumulated over
3 months, Term deposits held for 3 months, Shares or managed funds held for 3 months or Equity in real estate.
❎ Non-genuine savings examples - Gifts, Inheritance, Tax refund, Lump sum deposits, Bonuses & Selling your car or other assets.
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88 Fifth Avenue, Rossmoyne
Perth, WA
6148
