As a general rule, lenders like to see that your home loan repayments won't exceed 30-35% of your gross monthly income.
Reduce your outstanding debts. This includes any credit card/s and or loan or car debt.
A 20% deposit will help you avoid paying Lenders Mortgage Insurance.
A guarantor, such as a parent, can financially support your loan application by securing it against their home.
Prove that you can make consistent repayments. Supply bank or history of loan repayments that you've previously had. This will reassure the lender that you are able to make constant monthly payments.
Previous loan knockbacks can leave a mark on your credit history.
Charles Samways is enthusiastic about property and wealth creation would bean understatement. He has over 30 years of experience in the finance and residential property investment industries. With this experience, he can extend his knowledge and experience to improve your financial position. He wants to become your trusted adviser and will approach every transaction from your point of view, not the lenders.