When you apply for any loan the lender will look at your credit score and review your account conduct to determine if you are a good risk. With short-term or smaller loans the lenders might charge higher interest rates and therefore be prepared to accept a higher risk, but when you are looking at getting […]
Why Do Lenders Care About Your Account Conduct? Read More »
Every person is different, and yet the banks try to squeeze everyone in the same box. Mortgage advisers will look at what makes your situation personal to you, and find a box that can be shaped to suit. As the New Zealand lending market gets harder, people are choosing to use mortgage advisers before banks.
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As the New Zealand lending market gets harder, people are choosing to use mortgage advisers before banks. In the past people have often gone directly to “their” bank as they had a relationship there and felt that because of the history with that bank it was going to prove helpful when applying for a home
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Lenders are now looking at spending and bank statements in more detail when assessing people for a mortgage approval. Previously you would be asked what you spend and your mortgage adviser and the lender at the bank would check your statements and situation to make sure that what you stated was realistic. The banks all
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As kids we loved to jump through hoops, but as new buyers it’s not much fun at all. New lending rules have created more hoops to jump through, cut off credit to borrowers who would have qualified only months ago, and generally shrunk the size of loans being approved. The key driving force that is
Mortgage Advisers Are Helping New Buyers Jump Through The Hoops Read More »
When you are applying for a home loan you need to ensure that the application is presented to answer all a lenders questions so they really have no option other than to approve it for you. That’s what experienced mortgage brokers are good at. Identify Any Problems First It’s important that you do not rush
It Can Be Easier For The Lender To Say “NO” Read More »
When you apply for any loan the lender will look at your credit score to determine if you have good or bad credit, but when you are looking at getting a home loan the lenders will also look at your bank account conduct to see how good you are at managing money. Bank account conduct
How Important Is Your Bank Account Conduct? Read More »