APPLYING FOR A LOAN

WHAT YOU NEED

To apply for a home loan, please contact Loretta Davison Financial Solutions so we can help you complete a mortgage application. The application will help us determine if you qualify for a loan.

Below are some examples of what may be required, please contact us for a full list of what is required based on your individual circumstances.

PERSONAL IDENTIFICATION:

Passport

Driver licence

Birth certificate

Citizenship certificate

Medicare Card

PROPERTY INFORMATION:

Contract of sale

Proof of property insurance

Copy of transfer of land

Council Rates notice for existing properties owned.

FINANCIAL INFORMATION

Cheque account and savings statements

A list of your assets (eg: superannuation statements, properties etc.)

INFORMATION ABOUT YOUR EXPENSES:

Loan and credit card statements

An understanding of your day to day living expenditure

INFORMATION ABOUT YOUR INCOME:

PAYG Payment Summaries

Pay slips

Tax returns, etc.

WHAT HAPPENS NEXT?

Your application will be submitted for processing and will be assessed. We will then notify you as soon as we hear back from the lender. If your loan is formally approved, you will receive a legal contract outlining the terms and conditions of your loan, called a letter of offer. When the exchange of contracts is finalised, your loan will be drawn down, paying out the previous owner and any taxes and fees. Loan repayments begin on the chosen repayment date after settlement, according to whether you have selected weekly, fortnightly or monthly repayments.

Unit 16, 23 Addison St, Shellharbour. NSW 2529 PO Box 300, Oak Flats. NSW 2529

M:0413747138
P:0242968888
F:0242968884

loretta@lorettadavison.com.au