PANO BA: What you need to know before applying for a home loan

For many Australians, owning a home is a major goal, but navigating the home loan process can be confusing. Mortgage broker Vee Perez says that understanding your borrowing capacity, credit score, and the different ways to apply for a home loan is crucial for a successful outcome.

Experts say there are several ways to apply for a home loan, each with its own advantages and considerations. Image credit: Canva/ Vee Perez

Key Points

• Applicants can apply in person or online through major banks or through a mortgage broker
• Mortgage broker Vee Perez says that understanding your borrowing capacity, credit score, and the different ways to apply for a home loan is crucial for a successful outcome.
• Banks in Australia assess home loan applications by reviewing an applicant’s income, expenses, credit history, deposit, and the property value.

Listen to the podcast

PANO BA: Paano magsimula ng home loan application sa Australia?

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The information shared in the podcast is for general guidance only and should not be taken as professional advice. For decisions related to buying a home or obtaining a loan, it is best to consult a licensed mortgage broker, financial adviser, or an expert in the field.