HOT TIP – Looking To Buy / How To Get Approved For A Home Loan

Here at Chidiac Realty we understand that planning or applying for a home loan can be pretty daunting stuff. Here are three solid tips to get you started on securing a home loan.

 

1.Have a strong saving plan

Most banks will require minimum (depending on the bank)  deposit in order to secure a home loan. Construct a budget that suits your life style which will enable you to begin saving for your home loan.

 

2. Proof of income

Collecting all of your financials upfront, will help demonstrate to lenders on wether you are a safe bet for a home loan. This can include, for example:

-Payslips

-Employment details

-Recent tax returns

 

3. Set a limit

Try to decide upon an amount which is financially viable and realistic for you within your budget.

 

Have anymore questions? Feel free to contact us for advice.