Home loan application

article header

Generally when you fill out a home loan application there are a number of ways which you can approach this task. You can complete the process yourself, you can work with a single institution who can help you complete the process or you can work with a mortgage broker who can help you complete this process and application.

When you fill out a home loan application, you need to make sure all the details are not only filled out correctly but supply the lender with as much information as possible. This is because the more information and documentation you submit with your home loan application, the more chance you have of being approved. Lenders are judging you based on what you have submitted to them, however they will typically be helpful through the process.

You will need to show that you are able to make your repayments and the more documentation you can provide, including proof of your savings, term deposits and other investments the better. There is a significant reason why a lender will ask for particular documentation in a home loan application. By showing many examples and evidence that you have a stable income, a reasonable credit history and have a good savings record, you are sure to be on your way to owning your own home.

Of course before you complete any home loan application you should research the market and compare home loans to ensure you find the product which best matches your needs and find a competitve rate.

Australia’s leading comparison site, RateCity.com.au lets you compare from a large range of fixed rate home loans, variable rate home loans and low doc home loans.

Advertisement

^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

Compare your product with the big 4 banks, or add more products to compare
As seen on