It can seem like a home loan application involves endless paperwork. You can make the process smoother by organising your documents before your start your application.
The information on this page does not apply to ANZ Plus productsYour mortgage lender has an obligation to lend responsibly. They need to verify that you can afford to repay the loan based on your current financial circumstances.
To make that call, they need know a lot about your income and your expenses. It’s not enough to merely tell them. You need to show evidence with the right documentation.
Here’s what most lenders will ask you to prove and the documents they will accept.
It’s a legal requirement that lenders confirm that you are who you claim to be. To do this you must provide at least one primary document or two secondary documents. Here are some common documents you can use:
If you already bank with your lender you will not have to go through the ID process again. However, if you apply with a partner who doesn’t bank with your lender, they may still need to provide this information.
The lender will want to know what you earn so they can work out how much you can repay each month. Here are some of the documents you can generally use to prove your income:
Your lender will look at your overall financial position when assessing your application. Basically this means your lender wants to know if you own anything of substantial value (assets) and whether you have other debts (liabilities).
Your lender will also ask for a breakdown of your monthly living expenses so they can check that you have enough to cover your mortgage repayments.
While most lenders ask for similar documentation, it’s a good idea to check with your bank lender or mortgage broker to confirm exactly what you need to provide.
