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Mortgage Broker - Information required

Sharna's picture

Submitted by Sharna on May 10, 2008 - 2:24pm.

Joined: 10/05/2008

Hi guys!

I have an appointment on Monday with a Mortgage Broker to look at my Investment Property loan eligibility and was hoping to have all the information they may require from me together before the meeting. Could anyone advise what kind of documents/information they will ask for?

Thanks in advance!

S*



Scott No Mates's picture

May 10, 2008 - 3:29pm

Joined: 04/05/2005

Take last year's tax return, proof of employment (2 recent payslips), 100 points proof of identification (Drivers licence, credit card, medicare card, passport etc)


Qlds007's picture

May 10, 2008 - 8:23pm

Joined: 23/08/2003

To add a few more maybe evidence of savings and proof of existing assets.

Just beware and ensure they are experienced in Trust & Investment structures as most have absolutely no idea.

Also beware of any suggested cross collateralisation of securities.

Cheers

Yours in Finance
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
www.tayloredfinancialsolutions.com.au
richard@tayloredfinancialsolutions.com.au.
Lodoc loans from 8.91%


May 11, 2008 - 3:54pm

Joined: 12/03/2008


May 11, 2008 - 6:02pm

Joined: 28/06/2007

Check out investorfinance, they are a mortgage company whom are also investors.


Qlds007's picture

May 11, 2008 - 7:26pm

Joined: 23/08/2003

And they are also franchised which means the information you get is as good as the individual who owns the franchise.

They are not Licensed to provide investment advice.

Cheers

Yours in Finance
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
www.tayloredfinancialsolutions.com.au
richard@tayloredfinancialsolutions.com.au.
Lodoc loans from 8.91%


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