Most lenders usually have same document requirements when you are applying for a home loan (unless you are applying for a low documentation loan). Some of these documents are:
You should provide documents that prove your identity, such as driver license and passport. Most lenders require you to establish 100 points of identification.
If you have regular employment, you have to bring two consecutive and up to date pay slips that show your year-to-date earnings and / or a letter from your employer confirming your salary. You should also bring your last Tax Assessment Notice and last Group Certificate.
Credit card and loan statements
You have to bring copies of your recent credit card statements and copies of six months of loan statements.
If you are a First Home Buyer your lender wants to know if you can afford the repayments. They usually require a copy of your six months saving statements to verify your ability to save money over and above your normal everyday living costs.
If you are buying a property the lender will require a copy of the Contract for Sale of Land or Offer and Acceptance.
If you are a self-employed either as an individual, a partnership or a company you should bring your last two years’ personal income tax returns plus company tax returns and accounts, and last tax assessment notice.
If you are a property investor, there will be a significant effect on your income if you include the rental you receive. You should bring a letter from real estate agent that confirms rental, a copy of the Lease Agreement, or recent rental statements.
If you are going for refinancing your existing property, you should bring a copy of your loan statements for the last 6 months minimum and proof of property ownership via most recent Land Rates Notice.
If you are going to build your home, you should bring a copy of your Fixed Price Building Contract and a copy of the plans.
If you wish to talk to a 3Carrots mortgage broker to know more about mortgage documents,
Call 0434 390 688 or Contact Us