|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:
|Important things to remember on the credit scoring used by the Banks:
|The costs involved in obtaining a home loan are:
Denise is the National Sales Manager of iLoan Home Loans
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Watch Win A Home Episode 5
Episode 5 - Season 5
Why you need life insurance when buying a home
If you have a home loan and something bad happens to you, you could lose your home. Life insurance takes the stress of this happening away.
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