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Home Loans/Mortgages and Punting!?!?

Home Loans/Mortgages and Punting!?!?
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pirlo31

New Member
Apr 15, 2025
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An interesting question I've had for those who punt but are normal Employees and AREN'T self-employed.

Do/Did any of you face any issues when home mortgage loan rate agreement period comes around, and when you're required to provide your bank statements, it shows cash withdrawals of $100 ~ $350? 😂. What did you do?!?
 
Firstly, this goes without saying, - This ain’t financial advice just some practical tips to think about. For the real financial advise, chat with a licensed financial advisor or mortgage broker to cover your bases.

Banks are laser-focused on your ability to service the loan. As long as your income, savings, and financial discipline paint a picture of stability, those cash withdrawals will barely register. Make sure you have a low debt-to-income ratio and clear and consistent employment records to underscore your reliability.

Also Get into the groove of pulling out cash regularly—like clockwork. Whether it’s weekly or every other week regardless if you are punting or not and get in the habit of keeping those $50/$100 withdrawals consistent.

It’ll look like your "normal financial behaviour" to the bank, not some dodgy red flag.

If the bank asks about the cash, just say it’s for personal expenses. They’re not allowed to dig into what you spent it on whether it’s coffee, gifts, or something else. As long as it doesn’t affect your ability to repay.

Keep it vague but confident.

If pressed, give a practical or cultural explanation. You could mention preferring cash because you grew up in a community that relied on it, or point out avoiding card surcharges, like the 2–3% fees some shops charge for tap-and-go payments. These are common enough to sound reasonable.

But above all, hire a broker to navigate the loan process.

They’re paid by the bank through a commission when your loan gets approved, so they’re motivated to make it work.

Brokers know how to frame your finances, including those withdrawals, to satisfy the bank’s requirements, saving you the hassle of explaining every detail.
 
Read independent advice that if you avoid purchasing Smashed Avocado on Toast each day the bank won't care about your financial sitution
 
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