Thursday, 2 October 2025

Want a Home Loan? Here’s What to Do Now 

Applying for a home loan isn’t just about how much you earn — it’s about how healthy your credit profile is.

You might be earning good money, paying rent on time, and feeling ready to make the jump into home ownership…
But if your credit score is low, if you’ve got defaults, late payments, or too many loan enquiries, most banks won’t even consider you — no matter how responsible you are now.

The good news?
There is a way forward. And it starts before you apply.

 

Step 1: Know Your Credit Position (Don’t Guess — Check) 

Most people assume their credit is “fine” until the bank says no. 

Before you apply, get copies of your credit reports from:

  • Equifax
  • Experian
  • illion

Look for: 

  • Defaults or missed payments 
  • Excessive credit enquiries (even Afterpay and Zip count!) 
  • Joint accounts you forgot about 
  • Errors or items that shouldn’t be there at all 

If there’s anything negative — don’t apply yet. Fix it first.

 

Step 2: Stop Applying for Credit (Even Small Stuff) 

Every time you apply for anything — a phone plan, a credit card, a Zip increase — it hits your file as an enquiry.

Too many enquiries in 6–12 months makes lenders think you’re desperate for money.

From now on:

Do not apply for ANY finance until your credit is clean.
One wrong move can set you back another 12 months.

 

Step 3: Fix What’s Bringing Your Score Down 

Depending on your situation, you may need to:

  • Dispute errors or incorrect listings
  • Negotiate or remove old defaults
  • Bundle debts or place them on hold while repairing your file
  • Request goodwill adjustments for small late payments

This step is where most people get stuck — because lenders don’t make it easy to fix things on your own.

That’s exactly what we do at Credit Repair Australia.
We step in, deal with your creditors, challenge unfair listings, and clean up your file so lenders see you in the best possible light.

 

Step 4: Prove You’re Ready for a Mortgage 

Once your credit is improving, start building positive history:

  • Keep all current repayments 100% on time
  • Avoid overdrafts or dishonours
  • Show a consistent savings pattern, even if small

Lenders don’t just check your score — they assess your behaviour.

 

Ready to Own a Home? Start the Right Way. 

If you dream of buying a home in the next 6–12 months, the most important thing you can do right now is make sure your credit file is ready before you walk into a bank.

Because once you apply and get declined — that rejection goes on your record too.

 

Want Us to Check Your Credit Report for You? 

We’ll review your file, tell you exactly what’s stopping you from getting approved,
and map out a repair strategy to get you home-loan ready — fast.

Click here to request a free credit report review
(No judgement — just a clear path forward.)