Southport Mortgage Brokers
Take the hassle out of your home loan application. We can do all the hard work for you and help you secure a great deal. Your Local Mortgage Broker Southport will assist you all the way through each step. What documentation do I need to supply with my application?Together with your chosen lender’s completed application form, full documentation loans also require applicants to provide evidence of income, savings and details of your purchase, refinance, construction or other purpose for which the loan is required. Therefore, documentation requirements depend on the type of home loan applied for and any special circumstances surrounding the application. Here are some common forms of documentation requested by lenders:
- Current pay slip plus last two group certificates; or
- Last two years personal and business tax returns and assessments for self-employed applicants
- Copies of the front page of the purchase contract (for purchases)
- Last six months’ bank statements showing regular savings history (for purchases)
- Lease, rent appraisal or evidence of receipt of rental income (for investment properties)
- Last 12 months statements for existing home loan (for refinances)
- Copy of plan, specifications and fixed price builder’s contract (for construction loans)
How much to borrowWe can help you to determine your borrowing range, and any deposit necessary. Our mortgage advisors are certified to the highest standard and backed by a team of loan experts all committed to searching for the best loans for you, so you can be sure that you are getting the best service.
If I am ahead in repayments, can I miss a few payments?Depending on the bank, most loans allow you to stop paying for a certain period of time due to other obligations. However the loan has to allow for this feature and it also must be cleared by the bank; usually only granting it for a maximum period of about 12 months. This feature often has fees attached to it, Check if it will allow you to make extra repayments if desired during this ’holiday’ period.
Talk to your nearest Your Local Finance mortgage broker today by completing the form below or calling us on
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