![tictoc home loans tictoc home loans](https://www.understandloans.net/wp-content/uploads/home-sold-new-va-construction-loan.jpeg)
Savings history – having a savings history of at least 3 months demonstrates to a lender that you’ll be able to manage your home loan repayments.Level of debt – how much you owe on other loans and credit cards will also influence your available income.Income – this is not just how much your household brings in, but how much is left for home loan repayments after the bills and day-to-day expenses are paid.
![tictoc home loans tictoc home loans](https://idmortgagebroker.com/wp-content/uploads/2020/06/No-Doc-Loans-in-California.jpg)
![tictoc home loans tictoc home loans](https://i0.wp.com/loaninfoguj.com/wp-content/uploads/2021/11/1200630-Rank-Math.jpg)
Deposit - the larger your deposit, the more you can borrow and the less interest you’ll have to pay on your loan.Related articles from our Home loan guideĮvery lender has their own formula for calculating your borrowing power, and they generally look at six main factors. You can do this by linking your bank account(s) to our secure in-house verification technology, or if you’d rather, by manually uploading copies of your transaction statements.Īnd that’s it! Applying for a Tic:Toc home loan is as easy as it gets! Once you submit your documents and your application, we’ll either approve your loan on the spot or let you know if we need further info.Īnd remember, if you have questions or are unsure about anything in our application process, don’t hesitate to check your eligibility here or talk to our online chat consultant, who’s standing by to help. Financials – we’ll also need to verify your income, expenses and current financial situation.At this point, we'll also run a credit check. ID – we’ll need to digitally verify a form of your ID such as your driver’s licence, Australian passport, Medicare card or foreign passport with an Australian visa.That means you’ll need to have your actual documentation at the ready, which includes When you apply for a Tic:Toc home loan, the online form we provide isn’t just a 'contact us' or lead capture form, it’s a real loan application form with a real home loan at the end if you’re successful.