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Wed Jun 12, 2019 7:36 pm
Forum: Home Loan Forum
Topic: What should I be doing in preparation to apply for a home loan in six months time?
Replies: 5
Views: 11630

Re: What should I be doing in preparation to apply for a home loan in six months time?

Hi there, I’ve saved up a $22,000 deposit which is slightly more than 5% of the property price I’m interested in, it’s a townhouse listed at $413,000. The problem is I defaulted on a credit card a couple of years ago due to being made redundant at work. The $2,000 default was paid off last year. Will banks consider my home loan application with an adverse credit listing?