--- title: Successfully Acquiring a Home Loan 101 description: Our top tips on how to successfully acquire a home loan when you apply. Tip include proving consistent employment, eliminating other debt, proving you can make payments, and being honest and disclosing all relevant information image: https://www.beyonddebt.com.au/hubfs/architecture-facade-house-259600.jpg --- ![Top bar image](https://www.beyonddebt.com.au/hubfs/Assets%202019/Top%20bar%20image.jpg "Top bar image") ###### ![](https://www.beyonddebt.com.au/hubfs/Assets%202019/Tv.svg)Did you see us on TV? - [Click Here](https://www.beyonddebt.com.au/debt-help) ![Close](https://www.beyonddebt.com.au/hubfs/Assets%202019/Close.svg "Close") [![Logo](https://www.beyonddebt.com.au/hs-fs/hubfs/Assets%202019/Images/Beyond%20Debt%20black.png?width=560&height=128&name=Beyond%20Debt%20black.png "Logo")](https://www.beyonddebt.com.au) [![Logo](https://www.beyonddebt.com.au/hs-fs/hubfs/Assets%202019/Images/Beyond%20Debt%20white.png?width=560&height=128&name=Beyond%20Debt%20white.png "Logo")](https://www.beyonddebt.com.au) #### [![Phone](https://www.beyonddebt.com.au/hubfs/Assets%202019/Images/Button%20Copy.svg)**1300 284 091**](tel:1300%20284%20091) #### [![Phone](https://www.beyonddebt.com.au/hubfs/Assets%202019/Images/Button%20Copy.svg)![](https://www.beyonddebt.com.au/hubfs/Beyond%20Debt%20October2017/small-icon.svg)**1300 284 091**](tel:1300%20284%20091) [![Free Consultation](https://no-cache.hubspot.com/cta/default/2583772/02eddd09-66a0-4e61-9e59-63ae64bfd94a.png)](https://cta-redirect.hubspot.com/cta/redirect/2583772/02eddd09-66a0-4e61-9e59-63ae64bfd94a) #### [1300 284 091](tel:1300%20284%20091) - ##### [Eliminate Debt](https://www.beyonddebt.com.au/blog/topic/eliminate-debt) [## How to Get Out of Debt in 2026: The Australian's Step-by-Step Guide (And Free Budget Planner) ](https://www.beyonddebt.com.au/blog/take-control-of-your-debt) [Read Article](https://www.beyonddebt.com.au/blog/take-control-of-your-debt) - ###### [Personal Finance Basics](https://www.beyonddebt.com.au/blog/topic/personal-finance-basics) - ###### [Build Savings](https://www.beyonddebt.com.au/blog/topic/build-savings) - ###### [Handle Money](https://www.beyonddebt.com.au/blog/topic/handle-money) # [Successfully Acquiring a Home Loan 101](https://www.beyonddebt.com.au/blog/acquiring-a-home-loan) - ###### Kristin Perissinotto - ###### 07 Jul 2018 ###### LATEST ARTICLES - Personal Finance Basics - Build Savings - Handle Money [Back to blog](https://www.beyonddebt.com.au/blog) - Share - [**](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.beyonddebt.com.au%2Fblog%2Facquiring-a-home-loan) - [**](https://www.twitter.com/share?url=https%3A%2F%2Fwww.beyonddebt.com.au%2Fblog%2Facquiring-a-home-loan) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://www.beyonddebt.com.au/blog/acquiring-a-home-loan) The process of buying property is a mystery to many, so we have complied a few tips to help you on your journey to becoming a homeowner. You've saved for your deposit, you've got a budget in mind, and you've begun the house hunt... But how do you give yourself the best chance of being approved for a home loan? ![home loan house property](https://www.beyonddebt.com.au/hs-fs/hubfs/architecture-facade-house-259600.jpg?width=450&name=architecture-facade-house-259600.jpg) Here a few basic steps to follow to ensure your journey to a home loan is as smooth as possible. ## Build a good credit rating Your [credit rating](https://blog.beyonddebt.com.au/whats-your-credit-rating), or credit score, is one of the first things a lender will look at when conducting their credit check to decide whether you are eligible for a loan. You can build a good credit rating by paying bills and repayments consistently on time. ## Be honest! It is integral to be completely honest with your lender and in your application. Lenders have access to all of your credit history and all relevant information, and failing to disclose details could ultimately end up in you being declined due to dishonesty. They will find everything out anyway, so you may as well be upfront! ![home loan honest disclose](https://www.beyonddebt.com.au/hs-fs/hubfs/document-agreement-documents-sign-48148-2.jpeg?width=600&name=document-agreement-documents-sign-48148-2.jpeg) ## Prove you have the ability to make the payments Lenders will look into your expenses to ensure that you can afford to make mortgage repayments each week, fortnight, or month. You will need to prove to a lender that you are capable of making these payments for the entirety of the loan. ## Avoid over-applying While you might be tempted to apply through many lenders to better your chances, it is best not to overdo it. Lenders will be able to see how many applications you have entered on your credit report. In saying this, it is still important to compare a few lenders to get the best interest rates and fees you can. Just stick to a few lenders you have done some research on. ![home loan pay off mortgage](https://www.beyonddebt.com.au/hs-fs/hubfs/pexels-photo-259098.jpeg?width=450&name=pexels-photo-259098.jpeg) ## Pay off as many loans as possible Lenders will be able to check on how many, if any, loans you currently have. If you have ongoing personal loans or credit card debt, consider paying these off before applying for a mortgage. Having to pay off loans and debt each month will mean less cash available to put on to your mortgage, and lenders will be on the lookout for this. ## Show consistent employment You will need to prove you have stable, ongoing employment in order to be successful in acquiring a home loan. Lenders will often prefer if applicants have been in their current job for over six months (excluding probation). If you have changed jobs recently, be prepared to prove stability with further job history ready to show your lender. ###### Ready to become debt free? #### Take the first step to a debt free future [Ready to become debt free?](https://info.beyonddebt.com.au/request-a-consultation) ### You might find these interesting - ##### [Personal Finance Basics](https://www.beyonddebt.com.au/blog/topic/personal-finance-basics) ## [The Worst Degrees to Study](https://www.beyonddebt.com.au/blog/the-worst-degrees-to-study) - ###### Ben Paris - ###### 06 Jul 2022 - ##### [Personal Finance Basics](https://www.beyonddebt.com.au/blog/topic/personal-finance-basics) ## [Couple’s Money – How to Budget Together](https://www.beyonddebt.com.au/blog/couples-money-how-to-budget-together) - ###### Ben Paris - ###### 06 Jul 2022 - ##### [Personal Finance Basics](https://www.beyonddebt.com.au/blog/topic/personal-finance-basics) ## [The 10 Cheapest Places to live in Australia](https://www.beyonddebt.com.au/blog/the-10-cheapest-places-to-live-in-australia) - ###### Ben Paris - ###### 01 Jun 2022 - [Personal Finance Basics (126)](https://www.beyonddebt.com.au/blog/tag/personal-finance-basics) - [Handle Money (100)](https://www.beyonddebt.com.au/blog/tag/handle-money) - [Everyday Expenses (61)](https://www.beyonddebt.com.au/blog/tag/everyday-expenses) - [Affordable Living (50)](https://www.beyonddebt.com.au/blog/tag/affordable-living) - [Build Savings (33)](https://www.beyonddebt.com.au/blog/tag/build-savings) ## Ready to become debt free? #### Speak with one of our specialists to start your future [![About Beyond Debt](https://no-cache.hubspot.com/cta/default/2583772/e771166e-724a-4461-9ee9-fd819c4c0fe2.png)](https://cta-redirect.hubspot.com/cta/redirect/2583772/e771166e-724a-4461-9ee9-fd819c4c0fe2) [![Get Help](https://no-cache.hubspot.com/cta/default/2583772/8ac6a951-8425-44d9-91d4-0928fca0084e.png)](https://cta-redirect.hubspot.com/cta/redirect/2583772/8ac6a951-8425-44d9-91d4-0928fca0084e) #### [![Phone](https://www.beyonddebt.com.au/hubfs/Assets%202019/Images/Button%20Copy.svg)![](https://www.beyonddebt.com.au/hubfs/Beyond%20Debt%20October2017/small-icon.svg)**1300 284 091**](tel:1300%20284%20091) - ![Family-Owned-transparent-300x158](https://www.beyonddebt.com.au/hs-fs/hubfs/Assets%202019/Images/Family-Owned-transparent-300x158.png?width=115&name=Family-Owned-transparent-300x158.png) - ![pipa_logo_transparent_300w_100h](https://www.beyonddebt.com.au/hs-fs/hubfs/Assets%202019/Images/pipa_logo_transparent_300w_100h.png?width=151&name=pipa_logo_transparent_300w_100h.png) - ![Feefo](https://www.beyonddebt.com.au/hs-fs/hubfs/Feefo.png?width=115&name=Feefo.png) ##### Debt Help ##### Company ##### Resources Beyond Debt is a trading name of DCS Group Aust Pty Ltd. 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