Rise High Financial Solutions

header logo of Rise High - Award-winning mortgage Brokerage Adelaide

(08) 7131 1149

What are the banks looking for when assessing a loan?

What are the banks looking for when assessing a loan? What information and documents does the bank need? Do you need to do anything prior?
Share this article with friends and family:
Facebook
Twitter
LinkedIn
Email
WhatsApp

What are the banks looking for when assessing a loan?

What are the banks looking for when assessing a loan? What information and documents does the bank need? Do you need to do anything prior?
Share this article with friends and family:
Facebook
Twitter
LinkedIn
Email
WhatsApp

Keep reading

Marissa Schulze and Richard O’Grady discuss what banks are looking for and how you can better your chances at getting your home loan or investment loan approved.

What type of information are banks looking for when you apply for a loan?

1. Identification

This would include things like your birth certificate, driving licience or passport. Banks generally need 100 points of ID.

2. Your Income

There are two types of income. This comes from people that are employees that go under payg and people that are self-employed. Some documents that could be asked for employees are pay slips, last years financial statements, notice of assessment. For people that are self employed the information that is normally asked for are business tax returns, profit and loss statements, the individual tax returns, two years of financial statements and etc.

3. Living expense

 

To find out more about what are the banks looking for when assessing a loan, be sure to watch the video above. For similar videos check out Rise High TV for more tips about the housing market. Have any question? Leave a comment below or video or contact us directly here.

Marissa Schulze and Richard O’Grady discuss what banks are looking for and how you can better your chances at getting your loan

Our suggestions for you:

team celebrating 10 years of Rise High

Reflecting on 10 years of Rise High!

This month marks an important milestone! It has already been 10 years since Rise High Financial Solutions started! Join us as we reflect on this journey and share some of our best memories, lessons and moments.

Testimonial – James & Delia Hutchinson

Want to know what our clients say about us? Long-term clients of ours, James & Delia Hutchinson recently shared their testimonial on their Rise High experience. Watch this video to hear what they had to say.