Immediately obtain a copy of your credit report from agencies like Equifax, to review for errors or inaccuracies. Dispute any errors right away, as this process can take time.

Lenders focus on your debt-to-income (DTI) ratio. Pay off high-interest debts like credit cards to improve cash flow and DTI. Cancel unused cards or reduce limits, as lenders see total credit limits as debt.

Lenders often scrutinize usage of services like Afterpay or Zip in your bank statements, treating them like credit card obligations. Avoid using them in the lead-up to your application. 

Lenders prefer borrowers with a stable job history, ideally with the same employer for at least 6-12 months or longer. Avoid changing jobs right before applying for a home loan, as this can raise red flags about income stability.

Acknowledge any debts or bad credit upfront, as lenders will find out regardless. Failing to disclose this information may lead to your loan application being declined.

Your payment history is the most critical factor in your credit score. Set up automatic payments or reminders to ensure all bills, loans, and credit card payments are made by the due date.

Avoid applying for new credit or making large purchases before your application, as this can lower your score and suggest financial instability to lenders.

​

Lenders want financial discipline. Keep your deposit funds in a dedicated savings account with consistent contributions for the past three six months, avoiding large, sudden deposits from unverified sources.​

Prepare all necessary paperwork to avoid delays, including: - Proof of identity - Last 3 months of pay slips - 3-6 months of bank statements - Recent 1-2 years of tax returns and Information on existing assets and liabilities​

​

A safety net is wise. An emergency fund not only appeals to lenders but also offers peace of mind and support until you regain financial stability after unexpected expenses.