5 Ways to Tidy Up Your Accounts Before Applying for a Mortgage

Thinking about applying for a home loan?

Before you go to the bank, what you do in the 90 days leading up to your application can make a real difference to your outcome.

It’s not just about how much you earn – it’s how you manage your money.

Here are five simple things you can do now to put yourself in a stronger position.

1. Clean Up Your Spending

Banks look closely at your recent statements – typically the last 3 months.

That means everyday spending matters. Regular takeaways, unused subscriptions, and impulse purchases can all add up and work against you.

Tightening things up now shows control and discipline, which banks want to see.

2. Pay Down Short-Term Debt

Credit cards, personal loans, and car finance all reduce your borrowing power – even if the balances seem small.

As a rule of thumb, the less short-term debt you carry, the more flexibility you’ll have when it comes to your home loan.

3. Close Unused Accounts

That credit card you never use? Or that buy-now-pay-later account sitting there “just in case”?

They still count.

Lenders treat these as potential liabilities, so closing unused accounts can instantly improve your position.

4. Avoid Overdrafts and Missed Payments

Consistency is key.

Late payments, dishonours, or dipping into overdraft can raise red flags. Even if your income is strong, these patterns can impact how banks assess risk.

Keeping your accounts clean and steady builds trust with lenders.

5. Show Consistent Savings

Regular savings – even small amounts go a long way.

It shows discipline, planning, and your ability to manage repayments. This can strengthen your application and give lenders more confidence in your financial habits.

What It Comes Down To

It’s not just about your salary – it’s about how you manage your money leading up to your application.

A few simple changes now can put you in a much stronger position when it’s time to apply.

If you want to get everything lined up properly, talk to usat The Mortgage Hub – we’ll help you put your best foot forward.

Check out the video from our director Mils Muliaina, where he breaks these points down.