Application
Process
Refinance to a new
home loan
Once you proceed to applying for a home
loan, one of the first things that the
lending manager will need to do is conduct
the 100 point identification check. This is a
legal requirement. The lending manager will
need to sight your original documents, and
then take a copy of them. It is a great idea
to have photo- copies of these documents
ready to go.
The 100 Point ID Check
See below examples of documents & their
point value:
25
Points Medicare Card
70 Points Current
Passport
70 Points
Citizenship Certificate
70 Points Birth
Certificate
40 Points Drivers
License
40 Points Social
Security Card
40 Points
Tertiary Student Card
25 Points
Employer Card
25 Points Debit
or Credit card
Your Lending
Manager will advise you of the documents you
need to supply. Below we have listed the
typical documents that may be required for different
loan types. Gathering these
documents together now can save you time in
the future.
Income: Wage & Salary Earners
Copies of 3 current pay
slips
Income: Self- Employed
Personal and business tax returns for the
previouse 2 years
Profit and Loss & Balance Sheet for
previous 3 years
Sole Traders require personal tax returns
for the previous 3 years.
Note: Some "low
doc" and other types of home loans are
available, and have fewer requirements than
stated here. Check with your Lending
Manager.
Property: Documentation
Council
Rate notices for any existing
properties
Copies of Loan Statements -These may be required for past 6-12 months
and may include current home loan, auto,
credit card, personal loans, and bank or
credit union loans, store accounts.
Copy of insurance policy -
for the new property.
Copy of Contract to
Purchase Property
Investment Property- Copy of
current lease
and/or a letter from the real estate
agent with estimation of rental income.
This list is intended as a guide only. each
customer's requirements are different. For
individual assesment and consultation, use
the Fast Enquiry Form
