1. Your credit score
A credit score of 600 or higher generally provides a decent chance of home loan approval, though this can differ between banks. A score of 670 or above is regarded as excellent, greatly increasing your home loan approval odds. Scores under 600 are categorized as high to very high risk. If you fall into this category, it’s advisable to work on improving your credit record.
2. Know your budget and how much you can afford
Use our Ezi to use Affordability Calculator and work out the Home Loan value you could qualify for based on your current gross income. The bank generally allows you a loan on which the repayments are no more than 30% of your gross monthly income. Ezi Homeloans will help you understand how much you can borrow
3. Recieve our Pre-Approval Certificate
We will issue you with a Pre-Approval Certificate that is valid for 90 days, indicating the potential loan amount you could qualify for, allowing you to home shop with confidence!