07
Aug
Posted by Patrick Marion
Date Added : 07/08/2012
The better prepared you are for your loan application, the quicker you will get an answer from your lender. Complete documentation also helps in getting a Yes, instead of a No.
So, here’s a list of the must have:
Identification: |
A certified copy of a photo ID document such as a Driver’s Licence or Passport |
Income (PAYG): |
- Two (2) consecutive payslips that are no more than 1 month old
- A copy of your most recent Group Certificate
If you receive other benefits such as a car allowance or salary sacrifice, a letter from
your employer stating the benefits will also help a lot.
|
Self-Employed (individuals or partnerships) |
- Copies of your last 2 years Personal Tax Returns
- Copies of the corresponding ATO Tax Notices of Assessment
|
Companies |
- Copies of the last 2 years Company Tax Returns
- Copies of the last 2 years Personal Tax Returns for each Director
- Copy of Company Balance Sheet
- Copies of the corresponding ATO Tax Notices of Assessment
|
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Currently you will need Tax Returns for the 2010 and 2011 financial years. From December onwards you will need the 2011 and 2012 financial years. |
Evidence of Equity |
- Copies of bank statements for the last 6 months showing your savings history.
- Copies of receipts for deposits you have already paid
- Copy of Contract of Sale of existing property if applicable
|
Refinance |
- Copies of the bank statements for the last 12 months for each of the loans you are refinancing.
- Copies of your Credit Card statements for the last 3 months.
- Copy of your latest Council Valuation & Rate Notice
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Purchase |
- Copy of the Contract of Sale for the property you have purchased
|
Construction |
- Signed copy of your Building Contract
- Copy of the house plans (floor plan and elevations)
- Copy of the Building Specifications
|
Rental properties |
- Copy of recent rent statement or Lease Agreement
- Letter from Real Estate Agent confirming estimated rental value of property
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