In order for us to work out how much you can borrow, we’ll need to know about you and your financial situation. Additionally, a lender will need to know everything about your financial situation before they are prepared to grant you a mortgage. It’s not unusual for a home loan application form to take up to ten pages.
Your lender will want to be certain of your:
You will also be asked:
You will need to provide a 100-point identification check:
It is advisable to have:
Self-employed applicants should provide their past two years’ tax returns or past two years’ financial statements and accountant’s details. Some lenders may even ask for a profit and loss statement certified by a registered accountant.
Also needed are:
Step 2 – get pre-approval
Once we have worked out your financial situation and determined how much you can borrow, we proceed to research loan products to find the ones that best suit your particular needs and goals. With your consent, we can get pre-approval of your loan from the lender you choose. Then you can go ahead and proceed with the property purchasing process!
For more information on mortgage process’ or getting a pre-approval call us on 1300 422 506 or fill out our enquiry form.