What’s worse for a mortgage application: a gambling or BNPL account?
If you want to buy a house, lenders will go through your expenses with a fine-tooth comb – and Sportsbet and Afterpay accounts can be red flags.
Dear Ms Wise, my partner and I want to buy a home. We’ve got a decent deposit saved, but I’m worried that her Afterpay account – which, to be fair, she always pays off in full – will count against us. She says my Sportsbet account, which I use around once a month, is a bigger liability. Any advice? – Tim
The wisdom: Brett Sutton, mortgage broker at Two Red Shoes, says he’s seen “countless clients” surprised by how much scrutiny lenders apply to their financial habits.
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