Here are the documents you will typically need to provide to a mortgage broker in Melbourne:
- Proof of identity: You will need to provide a form of identification such as a passport or driver’s license to verify your identity.
- Proof of income: You will need to provide proof of your income to demonstrate that you can afford to make the repayments on the loan. This can include your most recent payslips, tax returns, and bank statements.
- Employment details: Your mortgage broker will need to know the details of your employment, including your employer’s name and contact details, your job title, and your length of service.
- Proof of savings: You may need to provide evidence of your savings, including bank statements and investment statements, to show that you have a deposit or can cover any fees associated with the loan.
- Details of existing loans and debts: You will need to provide details of any existing loans or debts you have, including credit card balances, car loans, or personal loans.
- Property details: If you have already chosen a property to buy, you will need to provide the address, purchase price, and other details of the property. If you are refinancing an existing home loan, you will need to provide the details of your current loan.
- Other documents: Depending on your personal circumstances and the lender’s requirements, you may also need to provide other documents such as divorce or separation agreements, rental agreements, or business financial statements.
Providing all the necessary documents upfront can help speed up the application process and ensure that your mortgage broker has all the information they need to find the best loan for you. Your broker can also help you understand the requirements and guide you through the process of obtaining any missing documents.