What we need from you for your home loan application
While getting conditional approval is a useful exercise, it doesn’t guarantee you will ultimately get a home loan!
When you’re ready to formally apply, we’ll ask you a number of questions—and ask for many supporting current documents — before you get the go-ahead.
We need to know that you are you. So we’ll ask for one primary photographic form of ID (e.g. passport or driver licence), and one non-photographic form (e.g. full birth certificate). We’ll also need one secondary document (e.g. medicare card, recent utility bill).
We’ll ask for complete details about your income; so we can ascertain if you’ll be able to meet your loan repayments (and that the mortgage you are inquiring about will not put you under undue financial stress).
We’ll ask you what savings you have in bank accounts, and for any shares, property, or significant assets (e.g. gold bars, English castle, Caribbean island, or a small Texan gas field) you might have. We’ll need supporting documentation to prove your assets.
We’ll ask for details on any loans, credit cards, store cards, leases and other personal debts that you have (and, or recently paid out).
Many people take the chance to completely overhaul their finances before they buy a home. It’s a splendid opportunity to get your finances in order—and get things as simple and stress-free as possible. You might refinance your credit cards, or you may consider a debt consolidation loan.
If you’re renting, we’ll ask for details of the property owner (or estate agent).
Ready to purchase your home?
Do You Need a Home Loan Check-Up to see if it still suitable for you or whether we can get you a better deal by refinancing your current loan?
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The material on this website has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained on this website is General in Nature and does not take into account any person's particular investment objectives, financial situation and particular needs. Before making an investment decision based on this general information you should consider, with or without the assistance of a securities adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances. In addition, the examples provided on this website are provided for illustrative purposes only. Although every effort has been made to verify the accuracy of the information contained on this website, New Property and Finance Pty Ltd, its officers, representatives, employees, and agents disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained in this website or any loss or damage suffered by any person directly or indirectly through relying on this information.