Applying for a home loan is a lot like selling yourself to the lender. You've got to convince them that you're worthy of a mortgage – someone who is trustworthy, reliable and capable of making the necessary repayments on time.

When you approach them, it's important to ensure your financial health is up to scratch. While you may not necessarily understand all the jargon being thrown around the office, as long as you provide the necessary details, you should be in a good position to succeed.

However, there are a number of ways to help boost your financial standing in the eyes of lenders and other institutions.

Evidence of savings

Lenders are looking for the type of people who are able to show self-control and restraint with their money. If you're able to prove to them that you have a long-term, consistent saving plan established, this can reassure them of your suitability for a loan.

Not only does this help to prove you're level-headed and reliable, but in the event that you are unable to make a repayment for whatever reason, having these savings means you're in a better position to fulfill your obligation to them.

Have a healthy credit rating

Taking the time to pay off any outstanding debts and loans, as well as closing any lines of credit that you don't use, can go a long way towards helping improve your standing in the eyes of a lender.

However, every lender has different criteria. So it could be worth getting in contact with the experts and discussing your options before committing to any one option for the future of your home loan.

You can contact a Smartline Mortgage Adviser on 13 14 97 for home loan advice. Or complete our call request form and we’ll call you!

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DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.