Home Loan

A loan advanced to a person to assist in buying a house or flat.

LVR

The term LVR is an acronym for "Loan to Value Ratio" and is also sometimes referred to as the LTV. LVR is calculated by dividing the loan amount by the actual purchase price or valuation of the property, then multiplying it by 100. Here,

LVR = Total Loan Amount / Total security

What are the requirements to by a house?
Do you have sufficient deposit?
Is the property an acceptable security?
What is your current employment status?
What is your expected income during the life of he loan?
What are the expected expenses during the life of the loan?
What is your credit history?


Check list for home loan
1. 100pts ID for both - driving lic and passport - if no driving lic then please add medicare, atm etc 
2. Copy of PR 
3. Recent two payslip
4. Employment letter
5. Group certificate
6. Notice of assessment
7. Bankstatement where money is held for 6 month current
8. Three year residential history - address and date started living at this place
9. Three year employment history - address, contact details and date started working at this place
10. Asset details - contents, car, superannuation, savings
11. Liabilities details - any loans or credit card
12. Three month credit card statement for all the credit card - please cancel if possible
13. Centrelink benefit statement if any
14. Client mobile number, email, home phone 
This check list is not complete, we will  consult  with you regarding this.
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