Get A Copy Of Your Credit Report
Your credit report is an important part of any finance application process. You need to know your ‘credit score’ before you begin a home loan application.
Your repayment history is a key factor in your credit report so the earlier you pay your bills the better.
Establish A Savings History
This refers to a diligent savings history over time – not one big deposit! If you are a consistent saver a lender may assess you as more likely to be reliable with repayments.
Do You Need Those Credit Cards?
Lenders consider the limit on your credit card(s) when assessing your borrowing capacity – even if the limit is unused!
DON’T shop around for loans!
Did you know that every time you enquire about a credit card or a loan it impacts your credit report?
If you need a home loan, click here!
Avoid Job-Hopping
Frequent changes of employer may be a red flag to a lender. If buying your first home is on your radar, chat to us before changing your job or career.
