When it comes to securing a home loan, it isn’t just your deposit and credit score that banks take into account.
Your profession can play a role in whether a bank approves or declines your application.
Sydney-based mortgage broker and Finch Financial CEO Julian Finch said some professionals have greater challenges than others.
Finch has released a list of the occupations that can make it more difficult to secure a home loan.
“A bank can decline your home loan application based on your profession,” Finch said.
“While it might seem unfair, banks are in the business of risk management.
“If they view your income as unpredictable or tied to an unstable or questionable industry, they may choose not to lend.”
Click through to see which careers make the banks pause when assessing applications.
