Real estate analysts agree that tightening credit is a key driver of the house price decline across the country.
With banks now scrutinising loan applicants finances even more closely, preparation is the name of the game.
Gone are the days when you could casually walkinto a bank and come out with a home loan minutes later.
Helen Collier-Kogtevs, property investor and educator from Real Wealth Australia told Auction Day you need at least 90 days to get bank ready.
You can choose to gather your paperwork and apply straight away, but you run the risk of being declined, she said.
Lenders want to see a minimum of three months financial history to see how you manage your money.
Its best to take th…
Read the full article at: https://www.yourmoney.com.au/wealth/credit-and-loans/how-to-get-your-home-loan-approved-in-90-days/