Page 32 - The-Mortgage-Maximiser-Method-by-Thomas-Ilinkovski

Policy and lending criteria

ĂĐŚ ďĂŶŬ ĂŶĚ ůĞŶĚŝŶŐ ŝŶƐƟƚƵƟŽŶ ŚĂƐ ĚŝīĞƌĞŶƚ ůĞŶĚŝŶŐ ĐƌŝƚĞƌŝĂ that determine
ƚŽ ǁŚŽŵ ƚŚĞLJ ǁŝůů ůĞŶĚ͕ ĂŶĚ ĚŝīĞƌĞŶƚ ƐĞƌǀŝĐŝŶŐ ĐƌŝƚĞƌŝĂ ƚŚĂƚ ĚĞƚĞƌŵŝŶĞ ŚŽǁ
ŵƵĐŚ ƚŚĞLJ ĂƌĞ ƉƌĞƉĂƌĞĚ ƚŽ ůĞŶĚ ƚŽ Ă ƉŽƚĞŶƟĂů ďŽƌƌŽǁĞƌ͘

/ƚ ŝƐ LJŽƵƌ ŵŽƌƚŐĂŐĞ ďƌŽŬĞƌ͛Ɛ ƌŽůĞ ƚŽ ǁŽƌŬ ƚŚƌŽƵŐŚ ďŽƚŚ ůĞŶĚŝŶŐ ĐƌŝƚĞƌŝĂ ĂŶĚ
ƐĞƌǀŝĐŝŶŐ ĐƌŝƚĞƌŝĂ ĂůŽŶŐ ǁŝƚŚ LJŽƵƌ ŐŽĂůƐ ĂŶĚ ŽďũĞĐƟǀĞƐ ƚŽ ŚĞůƉ LJŽƵ ŝĚĞŶƟĨLJ
ǁŚŝĐŚ ůĞŶĚĞƌ ŝƐ ƚŚĞ ŵŽƐƚ ƐƵŝƚĂďůĞ ĨŽƌ LJŽƵ ŝŶ LJŽƵƌ ƉĂƌƟĐƵůĂƌ ƐŝƚƵĂƟŽŶ͘

dŚĞLJ ĐŽŶƐŝĚĞƌ LJŽƵƌ ĐƌĞĚŝƚ ŚŝƐƚŽƌLJ͕ ŝŶĐŽŵĞƐ͕ ĂŶLJ ŽƵƚƐƚĂŶĚŝŶŐ ĚĞďƚ ƌĞƉĂLJŵĞŶƚƐ
ĂŶĚ ĐƌĞĚŝƚ ĐĂƌĚ ůŝŵŝƚƐ͕ ƐĞƚ ĚĞĮŶĞĚ ůŝǀŝŶŐ ĞdžƉĞŶƐĞƐ ĨŽƌ ƚŚĞ ŶƵŵďĞƌ ŽĨ ĂĚƵůƚƐ
and children in your household and any other monthly instalment expenses
ƐƵĐŚ ĂƐ ƐĐŚŽŽů ĨĞĞƐ͕ ŐLJŵ ŵĞŵďĞƌƐŚŝƉƐ ĂŶĚ ŵŽďŝůĞ ƉŚŽŶĞ ĐŽŶƚƌĂĐƚƐ͘

dŚĞ ĂŵŽƵŶƚ ůĞŌ ŽǀĞƌ ǁŚĞŶ ƚŚĞLJ ŵĂŬĞ Ăůů ƚŚĞƐĞ ĚĞĚƵĐƟŽŶƐ ĨƌŽŵ LJŽƵƌ ŝŶĐŽŵĞ
ŝƐ ǁŚĂƚ ƚŚĞLJ ǁŝůů ƵƐĞ ƚŽ ĐĂůĐƵůĂƚĞ ƚŚĞ ĞdžƉĞĐƚĞĚ ŵŽƌƚŐĂŐĞ ƌĞƉĂLJŵĞŶƚ LJŽƵ ĐĂŶ
ŚĂŶĚůĞ͘ /ƚ ŝƐ ŝŵƉŽƌƚĂŶƚ ƚŽ ŶŽƚĞ ƚŚĂƚ ŵŽƐƚ ůĞŶĚĞƌƐ ǁŝůů ĚŽ ƚŚĞŝƌ ĐĂůĐƵůĂƟŽŶƐ

ǁŝƚŚ Ă ŵŝŶŝŵƵŵ Ϯ͘ϱй ůŽĂĚŝŶŐ ƚŽ ƐŝŵƵůĂƚĞ ĂŶ ŝŶƚĞƌĞƐƚ ƌĂƚĞ ƌŝƐĞ ĂŶĚ ĞŶƐƵƌĞ LJŽƵ
ĐŽƵůĚ ƐƟůů ŵĞĞƚ ƚŚĞ ĞdžƉĞĐƚĞĚ ƌĞƉĂLJŵĞŶƚ͘ dŚĂƚ ŝƐ͕ ŝĨ ƚŚĞ ĐƵƌƌĞŶƚ ŝŶƚĞƌĞƐƚ ƌĂƚĞ
ŝƐ ϰй͕ ƚŚĞ ůĞŶĚĞƌ ǁŝůů ĞŶƐƵƌĞ ƚŚĂƚ LJŽƵ ĐĂŶ ĂīŽƌĚ ƌĞƉĂLJŵĞŶƚƐ ŝĨ ŝŶƚĞƌĞƐƚ ƌĂƚĞƐ
ƌŽƐĞ ƚŽ ϲ͘ϱй͘

dŚĞ ĨŽůůŽǁŝŶŐ ŝƐ ĂŶ ĞdžƉůĂŶĂƟŽŶ ŽĨ ƚŚĞ ŵĂŝŶ ĂƌĞĂƐ ůĞŶĚĞƌƐ ǁŝůů ŝŶǀĞƐƟŐĂƚĞ ǁŚĞŶ
ĂƐƐĞƐƐŝŶŐ LJŽƵƌ ĂƉƉůŝĐĂƟŽŶ ĂŶĚ ǁŚĂƚ LJŽƵ ĐĂŶ ĚŽ ƚŽ ŝŵƉƌŽǀĞ LJŽƵƌ ĐŚĂŶĐĞ ŽĨ
acceptance.

• Credit history

/Ŷ ƵƐƚƌĂůŝĂ͕ ŽŶĞ ŽĨ ƚŚĞ ĮƌƐƚ ƚŚŝŶŐƐ Ă ůĞŶĚĞƌ ǁŝůů ĚŽ ǁŚĞŶ LJŽƵ ĂƉƉůLJ ĨŽƌ ƉƌĞͲ
approval is check your credit history. The main credit report used for home
ůŽĂŶ ůĞŶĚŝŶŐ ŝƐ ĐĂůůĞĚ Ă ƌĞĚŝƚ &ŝůĞ ZĞƉŽƌƚ͘ /ƚ ǁŝůů ŚĂǀĞ LJŽƵƌ͗

• Full name.

• Gender.

• Date of birth.

• Driver’s licence details.

• >ĂƐƚͲŬŶŽǁŶ ƌĞƐŝĚĞŶƟĂů ĂĚĚƌĞƐƐ͘

• >ĂƐƚͲŬŶŽǁŶ ĞŵƉůŽLJĞƌ͘

EŽƚĞ͗ dŚĞ ůĞŶĚĞƌ ǁŝůů ĐŚĞĐŬ LJŽƵƌ ĐƌĞĚŝƚ ĮůĞ ĚŝƌĞĐƚůLJ ƐŽ ƚŚĞƌĞ ŝƐ ŶŽ ŶĞĞĚ ĨŽƌ LJŽƵ
to provide a copy to your mortgage broker unless you believe there are issues
ǁŝƚŚ LJŽƵƌ ĐƌĞĚŝƚ͘

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