Unexpected ways to boost your home loan approval chances

When it comes to applying for a home loan, most people focus on the big stuff – like saving for a deposit and having a steady job. But there are a few lesser-known ways to give your application an extra edge. These smart, simple moves could make all the difference in helping you secure the home loan approval you need for the home you love.

Trim the financial fat

Lenders look closely at your monthly expenses. You don’t need to live like a monk – but cutting back on non-essentials shows financial responsibility. Review your subscriptions. Are you really using all those streaming services or food delivery apps? Even small cuts can improve your debt-to-income ratio, which lenders love to see. Also, avoid big-ticket purchases in the months leading up to your application. A new car or expensive appliance on credit can raise red flags.

Get your admin house in order

Before you even speak to a bank or bond originator, do a paperwork check. Make sure your payslips, tax records and proof of address are all up to date. If you're self-employed, have your financials signed off by an accountant. It sounds boring, but good admin management can speed up approvals and show you’re serious.

Show your side hustle some love

Earning extra income through freelance work, tutoring, baking or renting out a room? Don’t keep it a secret. Lenders want to know you have multiple income streams – it shows resilience and flexibility.

Just be sure this income is traceable. If it’s cash-in-hand, try to deposit it regularly so there’s a clear record.

Know your credit score – and your credit story

When it comes to home loan approval, your credit score is a big deal. But so is your credit history. Even if your score is decent, lenders may look for things like late payments or missed debit orders. Get your credit report and check it carefully. If there are errors (like an account you’ve already closed), dispute them early. It can take weeks to fix, and you don’t want a small mistake to cost you a home.

Don’t ghost your accounts

If you’re planning to apply for a home loan, now is not the time to switch banks or close old accounts. Lenders like to see long-standing financial behaviour. It tells them you're stable and consistent. Even if you’re tempted by a shiny new bank account, wait until your loan is approved and the ink is dry.

Add a co-applicant if you can

If you’re buying with a partner or family member, applying together can increase your chances. Two incomes are better than one – especially if one of you has a stronger credit score or higher earnings.

Just make sure you’re both on the same page financially. Home loans are long-term commitments.

Use a bond originator – it’s free and powerful

This one’s not exactly unexpected, but many buyers still don’t realise just how much help a bond originator can offer. They apply to multiple banks on your behalf, negotiate better interest rates and guide you through the homebuying journey. And best of all? You don’t pay for this service. It’s the banks who pay bond originators – so you benefit without spending a cent.

A few clever steps = a stronger yes

Getting a home loan approval isn’t just about ticking boxes – it’s about telling a strong financial story. With a few small tweaks and some smart preparation, you can put your best foot forward and boost your chances of hearing that magical word: approved.