BANK STATEMENTS

What Your Bank Statements Say About You

Whenever you are looking for a loan, the banks will ask to see the latest three months bank statements (some banks like six months).

What they are looking for is a snapshot of how you conduct your accounts, what your spending habits are like, and whether these habits and behaviours are likely to change with the challenge of repaying a mortgage.

For example, if every day you have outgoings to the TAB, they may conclude you have a gambling habit that may not change. Evidence of dining out six days a week, regular spending at the bar or liquor store etc are all red flags that the bank will consider when they assess your suitability for a mortgage.

Account conduct is a big issue for the banks, and any late payments, unarranged overdrafts or dishonours are all likely to count against you when it comes to getting an approval.

If you are thinking about getting mortgage ready, make those bank statements great reading for the credit assessor to give yourself the best chance.

See advertisement in this issue for contact details.

Ginny Nelson, GMI Mortgage Adviser.

ROLLESTON & DISTRICT LIONS

May was a busy month for the Rolleston and District Lions Club. They were involved in several community events, including Relay for Life, support for our local schools, growing vegies for a roadside stall, painting a fence, collecting for Aviva, cooking sausages and chips for a local rugby club and attending training for incoming club officers. All of these activities form part of our service to the community.

Organisation is underway for the new Board for the 2023/24 Lions year, which begins at the start of

July. The Change of Officers function will be held at Quartz restaurant on Tuesday, July 4th, for the election of our new President and her team. Despite the auspicious date, we will not be wearing Stars and Stripes! However, we will be inducting some new members at that meeting which is always a thrill.

Past District Governor, Paul O’Connor will be the guest speaker for the evening, speaking about the new

Nationwide Lions fundraising campaign for a mobile melanoma testing programmeSouth Islanders have one of the highest rates of deadly melanoma in the world, and early detection will prevent that statistic from getting worse. How can you help? More information will be available when the campaign gets underway. Heather Power, Marketing and Publicity, Rolleston and Districts Lions.