Loan Application Checklist

I think the following raises some excellent points about Loan application. I’ve included a few of the highlights for you to get the gist of the article:

To ensure that you have the best chance of getting your loan approved, we’ve compiled a checklist of some of the information a lender may require when assessing your mortgage application. Remember that requirements vary between financiers, so confirm the exact documentation you need directly with your lender or mortgage broker.

Personal Information

• Full employment history
• Current and previous addresses
• Details of your current assets – anything from a car, motorbike, or boat to other properties and the like
• Proof of your income and current outgoing expenses

Employment documentation

• Current records of your salary
• Latest tax return/notice of assessment
• If you are self-employed or cannot easily demonstrate your salary with pay stubs, three years’ worth of tax returns
• A letter from your employer stating the tenure of your employment (if possible)

What do you think? Maybe you’d like to read on? Check out the full version here…then give me a call to discuss how this might impact your own business: (0403) 296-221. Alternatively, email me at [email protected] 

Thanks,

Tammie