HOME > BLOG > Home Loan Advice > Strong Attributes for Loan Applications

Are you ready for the financial responsibility that comes with buying a property? There are several attributes that lenders regard highly and may help you get approved.

Purchasing a property is a huge step and should be taken very seriously. Everyone is capable of buying properties; however borrowers need to put in time and effort to be successful.

Are you looking to purchase a house? Are you ready for the financial responsibility that comes with it? There are several attributes that will help you remain successful throughout the life of your home loan and at State Custodians, we regard these attributes very highly.

1. Forward Thinkers
Being a forward thinker will benefit you in all aspects of your life, particularly in finances. Forward thinkers are able to visualize their goals, figure out a plan and work hard to reach this goal. They maintain an open mind in order to find the best possible way to be successful. At State Custodians, we encourage this type of thinking and provide our customers with as much information as possible about our home loans and the borrowing process to ensure you can make an informed decision.

2. Being accountable
It is difficult to maintain a budget if you are not accountable for your finances. There are many cases where people set up a budget but do not stick to it completely. Little purchases, such as lunch or coffee, may not be accounted for and these purchases add up over time. It is important to prioritise your spending. When shopping, you need to question whether your purchases are priorities and if you really need it.

3. Able to manage finances
This is similar to being accountable. Lenders need to see that you are able to manage your finances over a period of time. You also need to show that you can save and budget your money. All of this information is shown on your credit report. In order to have a clean credit report, you must ensure that you pay your bills on time and keep a positive balance in your bank account. Although these may seem like simple things, they can have a huge impact on your credit report.

At State Custodians we know that our customers are intelligent people and forward thinkers. We know that you are capable of making informed decisions about your home loan and have useful tools, information and tips on our website to help you make the right decision for you.