When you are planning to get a mortgage, it is necessary that you:
Stay in your current job
This is one of the reasons why people are getting disapproved. They might thought moving to a different job with a higher position and salary during or while in the middle of a mortgage application can help them, unfortunately, this can turn the other way around. Changing work or jobs can completely complicate the entire process, as the lenders may need to reevaluate you in terms of the stability of your position. Yes, it may still get approved, but it may consume too much time.
Always get a pre-approval
This is the smartest move you can do. Getting pre-approval can get you closer in getting your dream home. Although there are requirements needed before the lender will release your loan amount, the process is still faster.
Always shop around
Never grab the first lender to offer you mortgage. Some think that a fraction of percentage of the interest does not impact their overall loan, but if you will compute the total amount you need to settle for the entire duration of the loan, you can see that the fraction of a percentage can be really huge. Better give yourself time to shop around and choose the one that can offer you the best possible offer available. See Melbourne mortgage comparison.
Always read your documents
Never sign any agreement unless you understand everything stipulated in it. It is highly advised that you ask questions. If you see something that you do not seem to understand, never hesitate to ask. Your broker and real estate agent should always be available to give you a hand. Your signature can be too powerful, thus never give it away that easy.