Documents Required when applying for a home loan.
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Multi NET offers The easier option! • In-depth knowledge of the different bank’s processes, which we use to your benefit. • Independent advice on the most appropriate home loan option. • Experienced bank trained personnel capable of handling the most complicated applications. • Dedicated to securing you the best loan. • Prequalifying calculators, which will confirm your ability to afford the home loan repayments. • Keeping you informed every step of the way.
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• Save time, complete an online application and let us do the rest. |
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| Documents required for a new home loan application | ||
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Salaried applicants • Latest 3 months consecutive payslips. Must be verifiable in bank account. • If in receipt of allowances, commission or variable pay, then 6 months’ latest consecutive payslips are required • Detailed Income and Expenditure statement, signed by applicant(s) • Latest 3 months’ bank statements, stamped by the bank, not Internet statements • If in receipt of variable income, then 6 months’ latest statements will be required • Statement of Assets and Liabilities, signed by applicant(s) • If applicant is not a SA citizen, copy of residence and work permits • Rental contracts in respect of any rental income which may be used in assessing affordability. • Clear copy of Identity document(s) • Offer to Purchase (Providing correct property & sales detail upfront. To be signed by all parties.) Self-employed applicants (Including sole proprietors and small businesses) • Latest 2 years audited business financial statements • Letter from auditor confirming personal income • If financials are more than 6 months old, then up-to-date, signed management accounts are required • Cash flow forecast for ensuing twelve months • Personal statement of Assets and Liabilities • Personal & business bank statements (Absa: covering latest 12 month period; other banks 6 months) • IT34 • Company/CC/Trust – statutory documents • Identity document(s) of directors/members/ Trustees • Offer to Purchase (Providing correct property & sales detail upfront. To be signed by all parties.) Please note that the above list is a guidline only and the banks may call for additional information and documents. |
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26 Mar 2014
Author www.multinetmortgages.co.za
