Tips for Home Load Application

Tips to assist with your home-loan application

WE CAN ASSIST YOU EVEN IF YOU ARE NOT IN AUCKLAND

File all local bank statements- + overseas statements (copies cost)
Always keep current 6 months statements ready.
If your deposit has come from overseas, get your paperwork organized early to save time / stress
Conduct your bank account within limits (with or w/out o/d)- do not go beyond available balances
Ensure all automatic payments & direct debits are honored. Have a good excuse for missing out on a payment. Keep track of related events.
Try and reduce the number of operational accounts-save on fees + additional paperwork – also makes managing account simpler, lesser paperwork
If you have a credit card, use it wisely-pay in full every month & file statements. (u r paying fees for the credit card-use the credit card wisely)
Pay credit card bills on time – even if you have to just make the minimum payment
Try not to have more than 1 credit card
File your credit card statements

Try not to borrow externally unless essential for your day-to-day living
All forms of borrowing can hurt your application and your borrowing ability, your deposit and your repayment ability
Do not guarantee a 3^rd party loan or hire purchase account
Keep your credit file CLEAN
Get all your income coming to your bank account-even if u r paid in cash
Do not change jobs too often – if you do , justify reasons for changing jobs
File all pay slips/contracts, employment offer letters
Copies of your id to be kept handy-passport/drivers license
If boarding or renting, try and pay through your account
If receiving board, receive through your account

YES…BEFORE HOUSE-HUNTING GET YOUR LOAN APRE-APPROVED

CALL MORTGAGE MANTRA.THESE ARE JUST A FEW TIPS…MORE IN THE WEEKS TO COME.

CAN NOW BORROW 95% OF PP AND LEF CAN BE CAPITALISED

NEW AGENCY STARTING TO SELL PROPERTY, CHARGING ONLY 2.95%.

HOUSE SALES IN NZ 3252(3666) IN JANUARY 2011, IN AUCKLAND 1115(1428 IN DECEMBER 2010) 4397 IN DECEMBER 2010.

Call Satish at Mortgage Mantra – Registered Financial Advisor