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There
are many types of loans and often a personal loan is the first
type of loan that someone gets.
Once
they get a small loan for a few thousand dollars, and manage to
pay this off, this gives them the opportunity to establish a credit
rating.
A
good credit rating is essential if you want to borrow more money
in life like getting a mortgage to buy a house. So it is important
that you protect your credit rating at all times and not default
on any loan repayments.
1. Easy
ways to get a Payday Loan, Lease or Mortgage
Ther is an
old saying from way back that says;
"the
banks won't lend you money if you really need it,"
Banks prefer
to lend money to people who they know can pay it back or to people
who already have a lot of money as it is a good investment for
them.
If you don't
have a lot of money, then make it look as if you have and that's
often almost as good as having it.
If your desperate
- then don't admit it.
If
you look like you couldn't care less if they lend you the money
or not, then chances are they will be less cautious.
Ensure that
when you go to see them you dress well in your very best clothes.
Ensure you
do your homework first - and arrive organized all the information
the bank wants to know in order to approve your loan.
2.
Documents you need to get a mortgage.
a) Your Expenses. It is a good idea to have all your expenses
listed out. Put them in an Excel sheet and calculate the total.
Car repayments, rent, food etc, all the necessary items.
b)
Your Tax Returns. Two years worth of tax returns from your accountant.
Your Salary receipts from your employer. This could be a few weeks
worth.
c)
A copy of the Contract of the House you are buying and any other
associated documents.
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