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Hassle free home loan applications - how to properly prepare

Hassle free home loan applications - how to properly prepare
For the majority of people, a home loan is the biggest financial commitment they will make during their lifetime. Such an obligation requires painstaking and meticulous planning, but with the right resources and careful preparation, you shouldn’t need to stress. Here are a few tips to help you make the home loan application a breeze. Prepare your credit report Before anything, you will need to ensure that your finances are in order. Sit down and assess your credit report – this includes your personal history of all your credit accounts (cards, loans, mobile phone plans etc.), and all their associated repayment histories. Dispute inaccuracies in your credit report Misinformation and discrepancies will hurt your credit score and may cause your application to be denied, so consider speaking to a credit professional to help you dispute these issues. Pay off delinquencies Mortgage lenders will be assessing your ability to pay off debts on time. Hold on to your documents Home Loan Deposit size

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Mortgage Broker or Bank Lending Manager – Who would you use? You are ready to apply for a home loan but are unsure whether to use a mortgage broker or head straight to your bank, the latter could prove to be a costly mistake in the long run. There are many reasons why you’re better off using a finance broker when looking for your home loan, even if you wish to have you mortgage with your current bank, you can still use a broker to process your application and manage the paperwork on your behalf. Here are a few reasons why every borrower should seek out a qualified finance broker when trying to obtain property finance. A Mortgage Broker gives options When you sit down with a broker, you have options. Buying together – 4 tips about property co-ownership With the romance of Valentine’s Day still in the air, many may be feeling the romantic urge to take the plunge and shack up with a loved one, but property co-ownership is a serious business and getting it wrong can have long-lasting repercussions. Certainly, romantic reasons aside, co-purchasing a property can be a great way to improve your buying power and reduce the burden of debt repayments. It also enables you to split other costs such as rates, water and utilities. Whether it’s young love or simply your first transaction together, when it comes to purchasing with a partner, it pays to proceed with caution and avoid letting your heart play tricks with your head! With that in mind, we’ve compiled a range of tips for successful co-ownership, that won’t leave you heartbroken – or broke. Communicate

Could you be tempted by the lenders latest home loan offers? There’s a lot of competition for Australia’s $1.3 trillion home loan market and one could be easy to be dazzled or confused by the variety of offers available. Indeed, some of the deals might sound more like those on offer from car dealers than the banks, but that’s what happens interest rates are low and every lender is keen to grab a share of the market. Home loan cash back offers In recent times, the deals have included cash discounts, $1000 gift cards to help with moving costs, cash rebates, holidays and even petrol discounts from one non-bank lender. How Can We Explain a Finance Broker Sydney How Can We Explain a Finance Broker Sydney “Broker” is really a name placed on persons that facilitate dealings from the seller/facilitator and his customer. A finance broker Sydney is thus an individual who helps clients to get financing or loans from the lender. He works as a middleman between your parties active in the transaction. A finance broker in Sydney may, in this manner, act as more than merely a middleman.

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