Lenders have specific criteria to determine loan eligibility. Key factors include:
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Credit Score: A good credit score increases your chances of approval.
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Income Stability: Regular, stable income is essential.
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Debt Levels: Lower existing debts improve eligibility.
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Savings History: Demonstrates financial discipline.
Meeting these criteria can improve your chances of securing a loan. A mortgage broker can help assess your situation and identify any areas for improvement.
At Buy Invest Live, our mortgage brokers specialise in assisting borrowers with low credit scores, late payments, insolvency, and bankruptcy issues. With over 10 years of experience, we offer expert advice on your current options and we help you prepare your finances to secure the best possible loan terms in the future.
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