What do I need to apply for a home loan?

A basic list of requirements for loan processing. Speak to your mortgage broker to ensure you have all documents you will need for your application.

PROPERTY PURCHASE

PAYG/SALARY

 

  • Two most current payslips
  • Two years tax returns or Group Certificates
  • Rental income verification. If using rental income for loan servicing
  • 100 points of ID (eg Passport and Drivers Licence)
  • Confirmation of Deposit Funds (savings history if required)
  • Copy of executed purchase contract executed by at least the vendor showing purchase price and all purchaser names.
  • Rates Notice for any existing properties
  • Copy of Title Deed if property is unencumbered.
  • Latest statement of all current debts

 

SELF EMPLOYED

  • Last TWO years balance sheets & profit & loss
  • Last TWO years company financials
  • Last TWO years personal returns or Group Certificates

 All other requirements as per PAYG points are also required.

 

REFINANCE & DEBT CONSOLIDATION.

All of the above requirements are relevant, with the addition of:

*** Last 6 months statements of all debts being refinanced

 

Please note: Minimum documentation can vary between lending institutions.

Consult your mortgage broker for a more accurate list of what they will require for a home loan.

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Disclaimer : While we have taken all reasonable care in producing the information contained on this site, we do not promise that it contains all the information you need to answer all your questions. This document is for information purposes only, and must not be relied upon as a substitute for professional services or legal advice. Mortgage Broker.com.au does not guarantee the accuracy of information provided by third parties linked to this site.

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