A mortgage broker said, he took my application to the bank whom I bank with, for a 5% deposit mortgage preapproval, and was told my account conduct was not good.
I never had a credit card, loan in NZ.
I never missed on any payments or made late payments for rent or any bills. So thought my credit rating will be excellent.
I keep small amount in cheque account and rest I keep in the linked savings account. Sometimes my cheque account will be overdrawn by small amounts often less than 50$, and very rarely upto $100. In almost all the instance I had credited back the cheque account on the same day so the bank don't fine me, or rarely the next day.
Before going through the mortgage broker I talked to the bank, and they said they can give a preapproval if I can make 10% deposit.
1. What makes a good credit history ?
2. Does the banks have different criteria when going directly or through brokers ?
I never had a credit card, loan in NZ.
I never missed on any payments or made late payments for rent or any bills. So thought my credit rating will be excellent.
I keep small amount in cheque account and rest I keep in the linked savings account. Sometimes my cheque account will be overdrawn by small amounts often less than 50$, and very rarely upto $100. In almost all the instance I had credited back the cheque account on the same day so the bank don't fine me, or rarely the next day.
Before going through the mortgage broker I talked to the bank, and they said they can give a preapproval if I can make 10% deposit.
1. What makes a good credit history ?
2. Does the banks have different criteria when going directly or through brokers ?
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