Lenders assess far more than just your income. Taking a few steps before you apply can make a real difference to your chances of approval.
Check your credit report – Look for errors, defaults or missed payments before a lender does.
Reduce unused credit card limits – Lenders assess cards at their full limit, not just the balance you carry.
Show consistent savings – Regular deposits into a savings account signal good financial habits.
Pay down existing debts – Car loans, personal loans and buy now, pay later balances all reduce your borrowing capacity.
Avoid new credit applications – Multiple enquiries on your credit file in a short period can raise concerns for lenders.
A mortgage broker can review your financial position and help you compare your options before you apply.