Open inspection this weekend 4th December 3:00pm and 7th December 6:00pm
Wednesday, 30 November 2011
Wednesday, 23 November 2011
Meeting the Criteria Set by Mortgage Lenders to Obtain a home Loan
Mortgage lenders have set policies and criteria when assessing home loans or mortgage lending. Borrowers
can minimize the risk of rejection by taking some simple steps.
Genuine savings
Borrowers should ensure that they are able to provide proof of genuine savings. The easiest way would be to have a separate savings account into which funds are deposited regularly.
Stability of Employment
The employment record is an important factor when assessing serviceability, ie capacity to repay the loan. Being in the same job for at least 6 months and having completed the period of probation is a minimum requirement with most lenders.
Suitability of the Property.
Before making an offer on a property, borrowers should ascertain the criteria under which lenders will consider the particular type of property,e.g. an apartment or unit.
Borrower’s Credit File
A negative credit file is something that most lenders will not overlook. The default listed on the credit file could be something as simple as an overlooked telecommunication file.
Up–to-date Documents
Financial institutions need documents to check the accuracy of the information provided in the application form.Pay slips, bank statements, existing loan statements and any other documents that provide
confirmation of the income and Liability status of the borrowers should be kept for this purpose. Researching and planning to meet the lending criteria of the mortgage lenders will help eliminate the rejection of the home loan application when a suitable property is located and an offer
made.
can minimize the risk of rejection by taking some simple steps.
Genuine savings
Borrowers should ensure that they are able to provide proof of genuine savings. The easiest way would be to have a separate savings account into which funds are deposited regularly.
Stability of Employment
The employment record is an important factor when assessing serviceability, ie capacity to repay the loan. Being in the same job for at least 6 months and having completed the period of probation is a minimum requirement with most lenders.
Suitability of the Property.
Before making an offer on a property, borrowers should ascertain the criteria under which lenders will consider the particular type of property,e.g. an apartment or unit.
Borrower’s Credit File
A negative credit file is something that most lenders will not overlook. The default listed on the credit file could be something as simple as an overlooked telecommunication file.
Up–to-date Documents
Financial institutions need documents to check the accuracy of the information provided in the application form.Pay slips, bank statements, existing loan statements and any other documents that provide
confirmation of the income and Liability status of the borrowers should be kept for this purpose. Researching and planning to meet the lending criteria of the mortgage lenders will help eliminate the rejection of the home loan application when a suitable property is located and an offer
made.
Professionals supporting Hayden Buckham at Stadium Drift Final Round, 2011
Round 3 series finished off on Saturday November 5th at the very popular Tailem Bend drift track with some outstanding performances from some of the very best SA drifters. Going into the final round Hayden Buckham took the championship from reigning champion Simon Michelmore. The finals drew a record entry & combined with the "Matsuri " provided a good crowd & keen drivers.
Sunday, 6 November 2011
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