31 January 2016 Home loan basics What you need to consider when applying for a home loan with RAMS home loan expert Darlene Neu. Transcript: Today we're at the Melbourne Convention Centre at the Home Show. It's a really good place to come and see if you want to build your own home, or your'e thinking about constructing to build a house, or to renovate a house - it is really expensive. So we can help you out with all those finance needs. There's really three things we look for when you're looking for loans. So one is your ability to pay, ongoing. So we look at your employment. The second one is a deposit. So if you've got some either equity in a property you can provide us or have you saved some money to put towards your loans. And the third one is your credit history. So what your history is in repaying your debt in the past. The best thing to do if you need to look at finance is to come and talk to us early. Don't wait until you've had too much of a look around. Actually come and see what your finance options are before you start, and then if you can go out and have a look and know and work within your means. For first-time buyers to get into market, particular at the moment, is really difficult with housing prices, particularly in Melbourne and Sydney. Do your research in the marketplace so you're targeting the right size property. Ultimately you want to build trust and rapport with somebody. You're looking for honesty, you're looking for integrity. You're looking for somebody that you know has your back and will always do the right thing by you.