Speed up your Home Loan Application

speed up home loan

Speed up your Home Loan

Want to speed up your home loan process? Great, you’ve come to the right place.

Let’s face it, paperwork and procedural delays aren’t something you wake up in the morning and look forward to. Whether it’s filling out a credit card application form, a driver’s license renewal, applying for a visa to your favourite holiday destination or filling out your gym membership, as much as these tasks are a necessary part of life, their procedural side can be quite frustrating at times. Especially if you have to sit back and wait for an outcome.

There are many steps you can take to ensure smooth delivery and processing of your home loan application. Always make sure that you cut spending majorly before applying for a home loan. This does not mean you have to be frugal at all times, but remember to cut back on the unnecessaries.

While there is no hard and fast rule saying you can’t apply for a home loan if you have an existing debt, banks and lenders tend to look more favourably upon applicants without existing debts. Try and pay yours off as best as you can. Get rid of any credit cards or personal loans.

Australian homebuyers often tend to misread information on their application forms and as a result, either end up providing less evidentiary documents than required, or provide the wrong documents. To save time and hassle, it is absolutely crucial to make sure you pay attention to your forms and get things done accurately as well as comply with whatever document requirements are being sought.

Last but not the least, you will want to keep following up with your agent or banker until there is an outcome to your application process.

When you are ready to take out a home loan, it is wise to compare the different home loan products from a wide range of different banks using our very powerful home loan comparison tool using the link below, and then decide on one that suits your circumstances the best.

Or call us on 1300 307 155 and speak to one of our Customer Service Specialists to get a free quote!

Compare Home Loans or RateContender – Let the banks bid on your loan