Buyers seeking home loan approval need to be aware of five ‘red flags’

PHOTO: There are five factors lenders look for that could be used to reject your application.

PROSPECTIVE buyers across Australia need to be aware of the five ‘red flags’ that lenders look for if they wish to successfully obtain a home loan.

New research from home loan comparison site HashChing has revealed that house hunters with bizarre spending habits, questionable credit history, unstable employment, a criminal record or who hide expenses are less likely to receive approval for a home loan.

 

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