Will RAMS perform a credit check during the loan application process?

Yes, RAMS Home Loans will perform a credit check during the loan application process. This assessment is a standard procedure in the lending industry and helps the lender evaluate the applicant's creditworthiness and overall financial history. A credit check provides insights into an individual's ability to repay the loan based on their past borrowing behavior, including payment history, outstanding debts, and other relevant financial factors. It is important to note that this check will usually involve accessing reports from credit reporting agencies, which may temporarily impact the applicant's credit score. Applicants can take steps to prepare for this process by reviewing their own credit reports and ensuring all information is accurate prior to applying. For further details on the credit check process and what it entails, it might be helpful to visit the RAMS website.