Hi just a quick question.Im having my first meeting with a broker in the next few days and was told to bring bank statements to prove savings history.The thing is i havent saved any of them.I rang my bank to request the last 6 months worth of statements for my main account.Is this going back far enough?Also i have a second account at the same bank which my pay is payed into though i dont really keep much money in it.Will they need to see statements for this account as well?Sorry if this is a silly question just want to have all my paperwork sorted for when i meet with the broker.
ThanksI think the more the better with paperwork. 6 mths should be ok. If you get paid into both accounts take both statements. BTW start keeping everything! You will need to start keeping all documents for when you have your IP. Hope this helps.
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeOk thanks.So i should request 6 months worth of statements for the other account?(they just charge so damm much for a statement
).And yeah i will keep all my paperwork from now onYeah tell me about it! The good part about the broker is they do pretty much everything but sign for you once it is all set up.
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeTo be honest you wouldnt need 6 months as 3 months is more than adequate.
Just make sure your Mortgage Broker has experience in structuring a loan as so many seem to have absolutely no idea.
Many deal with the average mum and dad and when iit comes to future investment properties seem to thing you are talking a different language.Richard Taylor | Australia's leading private lender
Yeah Richard I think we'll give you a bell next time we are up for more money, even just as a comparison coz I think we have reached the limit of our current MB's knowledge. I started using the words commercial and medium density development and her voice got just a touch nervous! It's good to see there are brokers who have their own investments and developments going on.
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email Me
).And yeah i will keep all my paperwork from now on
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