Multi-Choice Home Loans - Apply Online
Application Checklist
The following list of documents will assist you in formulating a home loan presentation. It is not meant to be absolute or prescriptive since credit assessment is not an exact science, but rather requires experience from the lenders to make a subjective analysis. In other words, leave the worry to your Multi-Choice Home Loan mortgage consultant,but you collect as many details to prove income and savings as is necessary. Please call our office for clarification on 1300 36 36 99.
| Income | |
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Two recent pay slips and last year's group certificate |
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A copy of Centrelink benefits received (only if the loan relies on these benefits) |
| Self-Employed | |
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Copies of past two years tax returns for you and the business (this is not required if you are considering an equity loan). |
| Savings (some lenders offer 100% loans) | |
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Generally 5% of the purchase price, as a minimum, needs to be evidenced as saved over preferably 6 months via bank statements, term deposits, or share certificates (some lenders are happy with 3 months proof). |
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Rates notice only required for investors and second home purchasers. |
| Debts or Commitments | |
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Personal loan statements or copy of loan agreements |
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Recent Credit Card Statements |
| Refinance | |
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Copy of last 12 months loan statements for existing mortgage (some lenders will accept 6 months). |
| Other | |
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100 points of identification (drivers license, passport or birth certificate) |