Preparing for A Home Loan
Prepare proof of income such as pay slips and details of current liabilities such as existing mortgages, credit cards and car loans. If you are self employed, recent tax details may be required.
It is preferable to have a good deposit on hand. Having this available allows you to apply at lower interest rates. It also means that your debt obligation will be lower and you will have a good margin of equity from the outset.
Ensure that you fully understand the loan terms to which you are agreeing. Once the documents are signed you are legally obligated to those terms.