How to get approved for a mortgage in this market

It’s no secret that it’s getting harder and harder to get approved as a borrower to purchase property in this market, and there are a number of things driving that.

The housing market is a big factor, The Reserve Bank is tightening up on how much banks can lend out and banks are thinking conservatively when it comes to a borrower’s ability to service the repayments. It’s not easy but there are things you can do to get yourself in a better position. Here are the key things to consider:

Originally Published on Squirrel Mortgages blog