1. Prepare a budget which can be submitted to the bank at the time of application.
2. Prove you can save the difference between your rent and the proposed mortgage repayments as well as insurance and rates.
3. Manage your money well – ensure that you keep within your arranged facilities with the bank. Ensure that you don’t have any unauthorized overdrafts.
4. Stay at Your Job. Sticking with your employer while going through the home buying process is crucial. Any changes to your employment or income status can stop or greatly delay the mortgage process.
5. Pay Down Debt and Avoid New Debt. Ensure you disclose all debt that you have – any undisclosed debt that later comes to light can hurt your chances of getting a loan.
6. Check out your credit rating before the bank does, that way you will know if there are any issues to address before submitting your application.
We know that buying a house is a unique moment for your family and this big decision need to be done with a company that cares about you and really understand which one is the best property to you call as your home.
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