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Loan Documentation Checklist
When applying for a home loan you will need to provide the following documentation. This supporting documentation substantiates your income/expenditure and assets/liabilities.
• Letter from employer stating
position, commencement date, if still on probation, gross
income, year to date, regular overtime and allowances
• Copy of employment contract
• Last year's group certificate
or tax return
Self Employed
• Last two/three year's tax returns
(if company/family trust applicable, you will require
company tax returns, memorandum and articles of association,
copy of trust or deed)
• Copy of tenancy agreement for
all owned investment properties or a letter from a real
estate office to confirm the estimated rental income
ASSETS
• Copy of savings history (passbook,
statements, certificates for six months)
• Copy of sale contract on existing
home or settlement letter from your solicitor if the deposit
is to come from the sale of an existing home
• Statutory declaration (if any
part of the deposit is a gift), stating the amount of
the gift and that it is non-repayable
• Rates notice on any existing
properties owned (yearly statement)
• Current insurance policy on any
existing properties
• Copy of superannuation statements,
share certificates etc
LIABILITIES
• Copy of loans statements for
12 months on any existing mortgages
• Copy of credit card and personal
loans statements for 6 months if being refinanced
OTHER
• Copy of purchase contract
• Copy of plans, specifications
and fixed price contract (construction/renovations)
• Cheque for establishment fees
if required
• Copy of current rental agreement,
if living in rented accommodation
• Copy of rental agreement, for
any property currently owned, or any being purchased
PROOF OF IDENTITY
• Drivers licence - 40 points
• Passport or birth
certificate - 70 points
(If the above cannot be located other
acceptable documents can be used such as Medicare Card,
bank account statements, etc. 100 points required.)
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