The current financial crisis the world is experiencing, coined the ‘credit crunch”, is resulting in many property buyers finding it difficult to obtain a home loan. The Banks are very averse to risk, and do not undertake the issuing of loans lightly. | |
If you are in the home loan market, you’ll need to comply with the following criteria at least:
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Important things to remember on the credit scoring used by the Banks:
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The costs involved in obtaining a home loan are:
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Denise is the National Sales Manager of iLoan Home Loans |