To be eligible for ANZ mortgage rates, you generally need to meet the following criteria:
- Age: You must be at least 18 years of age.
- Income: You must have a regular income to service the mortgage.
- Credit score: You must have a good credit score, which demonstrates that you have a history of managing debt responsibly.
- Loan-to-value ratio: You must have a loan-to-value ratio (LVR) that is within ANZ’s lending policies. The LVR is the amount you want to borrow, expressed as a percentage of the value of the property you are purchasing.
- Property type: ANZ will typically only lend against certain types of properties, such as residential homes, apartments, and townhouses. They may have specific requirements for properties in certain areas, such as flood zones or earthquake-prone regions.
- Other financial commitments: ANZ will also consider any other financial commitments you have, such as credit card debts, car loans, or personal loans.
Keep in mind that these criteria can vary depending on the specific mortgage product and your personal circumstances. It’s best to speak to ANZ directly or consult with a mortgage broker to determine your eligibility and the mortgage rates available to you.