In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Application
A Home loan application is a formal request submitted by an individual or couple seeking financial assistance to purchase a property.
The application normally includes personal and financial information such as income, employment history, current assets and liabilities. This information helps the lender assess the applicant’s ability to repay the loan and determine the loan amount and interest rate. They will also run a credit check to check credit score and repayment history of the current liabilities.
You also need to verify the information provided by the applicant through suitable documentation which will accompany the application.
If you are applying for a home loan, it can pay to have a good understanding of the specific things lenders are looking for, such as rental income, running costs and debt to income ratio.
Learn MoreOne of the most essential criteria a lender considers when analysing a loan application is the applicant's credit score. Credit scores range from zero to 1200 and are determined by characteristics such as payment history, outstanding debt, and credit history duration.
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