- March 18, 2019
- Posted by: Streamline Finance Services
- Category: Finance, Home Loans, Interest Rates, Lending
Get started early:
Meeting with a mortgage broker will allow you to know how much you can borrow, how much of a deposit you need and what is your maximum purchase price. It is recommended that you do this before you start looking so you know all the facts.
Allow extra time:
When you are seeking your loan approval it can take 2days – 2weeks depending on the lender or your situation. Once your application has been assessed the lender could ask more questions about your situation or even ask for extra documents & this will add even more time to your approval process.
Know how much you spend:
When you meet with your broker they will need to know your cost of living. This means you will need to know how much you spend on things like groceries, electricity, going out, phone/internet, clothes, insurances etc & these expenses can affect the amount the bank will lend to you.
If you are looking to purchase and require finance please give us a call 0417 131 057