When you apply for a home loan you'll need to supply your potential lender with an array of information about yourself. Here's a checklist of what you'll need:
Income
Details of your income including:
Evidence of your salary that will usually mean two recent payslips and group certificates from the last two years
If you're self-employed you'll need to provide a little more information: your last two tax returns and your accountant's contact details
Details of income from other areas like rental property and dividends
Assets
Details of any assets that you own including:
Investments
Savings accounts
Life insurance and superannuation policies
Other items such as cars and jewellery
Expenditure
Details of monthly:
Living expenses – food, utilities, petrol, clothing, etc
Credit card limit(s)
Rent details
Family payments
Liabilities
Details of any debt that you have accrued such as:
Each week financial advisor Noel Whittaker answers your
questions.
