HOME LOAN ADVICE FOR AUSTRALIAN BORROWERS
A check-list to use when applying for a home loan in Australia.

Home Loan
Check-list



The best place to start your home loan search

This list will ensure you are fully prepared when making a loan application with an lending institution or agent such as a Bank or Mortgage Broker in Australia.

Typically, the information that is required at time of interview or when filling out a loan application falls into 4 main categories - Identification, Income, Assets and Liabilities.

Basically the Lender wants proof of identity, proof of your income and ability to service the debt, what you can offer for collateral, and what other debts you already have.

Arranging finance can be a very stressful process, but a knowledge of what is required and having all the necessary documents ready makes it relatively straight forward.

Being prepared makes applying for a home loan a very straight forward process.


CHECK-LIST FOR INVESTMENT PROPERTY LOAN

Std Variable Rate Loan
Basic Variable Rate Loan
Fixed Interest Loan
Split Loan
Home Equity Loan
Debt Consolidation Loan
Low Doc Loan
Non-conforming Loan
Line of Credit
Interest Only Loan
Reverse Mortgage
Construction Loan
Renovation Loan
Refinancing
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The best place to start your home loan search

Detailed Home Loan Check-list

Depending on the type of loan you are applying for ( i.e. Low Doc loan) and whether you are an existing homeowner or not, some of this evidence may not be required.

Identification

  • Drivers License
  • Passport
  • Wedding Certificate (if any documents show maiden name)
  • Medicare Card
  • Credit Card details and limits

Income

  • Last 3 pay slips
  • Group Certificates for last 2 years
  • Tax returns for last 2 years
  • Employment history

Assets

  • Bank statements
  • Proof of investments
  • Council Rates Notice
  • Car valuation and details
  • Home contents valuation

Liabilities

  • Details on any existing loans
  • Credit Card statement
  • Store Card statement
  • Child Support







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Thank you for visiting our Home Loan Check-list web-page. We hope the information has proved useful.

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