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Tips for getting your mortgage application approved

If you are planning to apply for a mortgage in the near future, there are steps you can take in advance, to increase your chances of getting a YES from the bank.

As you’ll hear in the podcast below, it pays to start planning 3-6 months before submitting your mortgage application. That way your accounts will look as good as possible when it comes time to seek pre-approval.

In this episode, my personal mortgage adviser, Jenny Cheevers, shares her top tips for getting your mortgage application approved.


While you’re here, be sure to follow the podcast on Spotify.

You can also book a one on one consultation if you would like assistance with your personal property decisions.


9 Tips for getting your mortgage application approved…

  • Practice good account conduct – avoid going into overdraft. Even though the bank doesn’t mind, it can still affect you later on.
  • Pay increases are worth more than bonuses/commissions from your employer (bank only counts 50% of a bonus if at all).
  • Avoid short term debt. Consumer goods. If you can’t afford it now, you shouldn’t be buying it. Things that are on deferred payment really do matter. Avoid deferred payment plans.
  • Income is everything, cash in the bank won’t save you.
  • Don’t go on holiday if it’s all going on the credit card.
  • Job stability helps. The longer you have been with your employer, the better. Keep that in mind if you are thinking of becoming a contractor.
  • For self-employed people – banks are looking at your income AFTER your expenses so keep that in mind when you are deciding what to claim.
  • Have a savings record. While it’s good to pay off debt, if you pay off all your debt and don’t have a savings record that may be a red flag for banks.
  • Sometimes you are better to pay off your student loan to free up cash-flow (especially if it’s a low amount).

Jenny Cheevers – Mortgage Adviser

Jenny Cheevers Mortgage Broker

To get in touch with Jenny:
P: 027 244 6686
E: jenny@jennycheevers.co.nz
Check her out on facebook


I have personally used a mortgage broker each time I have bought. Why? They help you get the best possible deal and improve your chances of getting approved in the first place as they are there to negotiate on your behalf and present your ‘case’ to the bank in the best possible light.

This can really help when negotiating interest rates and lump sum payments upfront which banks will sometimes offer. Plus their service is free. They can also help with advice on how to structure your mortgage (eg. to fix or float) and how to pay it off as quickly as possible.

Jenny Cheevers is one of the best around. You can check her out on facebook here.


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