Applying For a Home Loan - Essay Example

Memo: Applying For a Home Loan The article “Applying for a Home Loan” by Australian National Bank provides clear instructions on how to go about it. However, making a few changes may improve the clarity with which a reader will understand the relevant message. For step number one, contact us, the message should have more details on how to contact the loan provider. The message should therefore contain physical locations of the bank or financial institution for easier access by the potential client.

The message has an appropriate logical flow of the relevant steps, which minimizes the necessary changes as it begins with first contact with the customer, application, verification, evaluation, approval and settlement. The only key change that should occur is the inclusion of graphical representations that will make the massage more appealing. The message can have picture of properties or houses in the background, which would make the message more appealing to the eyes of the reader. Since the message relates to financing, the messenger can add details pertaining to interest rates.

As such, the message should have more sections. This extra section should detail the attractive interest rates the company offers to ensure that the client is not reaped. Most financial messages tend to skip this part as it contains imperative details to avoid losing clients once they see the cost of financing the property. Adding this section would make the message more informative to the reader (Anderson, 2010). The current message contains six major sections namely contact, application, verification, valuation, approval and settlement.

However, the messenger should add one more section. Hence, the new steps in the application for a home loan should be contact, application, verification, interest rates, valuation, approval and settlement (National Australian Bank, 2014). The inclusion of the interest rates would enable the customers to undertake a personal evaluation of their suitability for such a financial service given their finances. References Anderson, P. (2010). Technical Communication. Mason, OH: Wadsworth Publishing Company.

National Australian Bank. (2014). Applying for a home loan. Retrieved on July 31, 2014 from http://www.nab.com.au/personal/loans/home-loans/get-started-withyour-home-loan/applying-for-a-home-loan