Tips for easier Loan Approval
Simple Steps to Strengthen Your Mortgage Application
We have access to Leading Irish Lenders.
We at OMAC Mortgages & Finance Limited have access to a wide range of Ireland’s top lenders. Unlike going directly to a bank, where you’re limited to their own products, we give you the freedom to choose the mortgage that works best for you.
OMAC Mortgages & Finance Ltd is a
company.
Everyone has heard how difficult it can be to secure a mortgage. But if you present your application to lenders in the way they want it, you will speed up the process and make it easier to secure finances you need. Below are the main areas that lenders are looking at, when assessing your application
Tip 1
Full-time and permanent employment
Tip 2
Good current account operation for the last 6 months
Tip 3
A record of regular savings
Tip 4
If you have a credit card, ideally try to clear the balance monthly and at least ensure that the minimum monthly payment has been made
Tip 5
Regular rent, mortgage or savings payments, ideally coming from your bank account by standing order or electronic transfer
Tip 6
Sufficient savings to cover deposit, legal fees and any other costs associated with the purchase of the property
Turning Preparation into Approval
All of the above can help to show the lender that you can afford the amount sought and will be able to afford your proposed repayments. Evidence of clear affordability and repayment capacity is a key to successful application.
We at OMAC Mortgages & Finance Limited. have extensive knowledge of lenders criteria, therefore we present all of our applications in the manner the lenders want to see them. This is one of the reasons we are successful in arranging mortgages for our clients. Clients can be sure that we will keep them updated on every step of the way, from mortgage application to loan offer and right up until you get your keys
We’re here to make your mortgage journey simple, clear, and stress-free.
Our team is here to explain your options and help you find the mortgage that fits your needs.