How does my occupation affect my home loan approval?

Your occupation can have a major impact on your home loan approval. Lenders typically look for a stable and consistent income when assessing your loan application. This means that if you have a job that is considered to be secure, you are more likely to get approved for a home loan. For example, if you are a professional with a steady income, you are likely to have a better chance of approval than someone who is self-employed or works in an industry with a high turnover rate. Lenders will also take into account the length of time you have been employed in your current role, as well as any job changes in the past. It is important to remember that lenders will also look at your credit history when assessing your home loan application. This means that if you have a good credit score, it can help you get approved for a loan. The best way to find out if your occupation affects your home loan approval is to speak to a lender. They will be able to give you an indication of whether your job is likely to be accepted or not. You can also check out Goodrate on https://goodrate.com.au/home-loan to see current interest rate offers.