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At Yellow Brick Road Rosanna we believe that it’s always a good idea to get a pre-approval first. This will tell you how much money you’ll be approved to borrow, so when you start looking for a property you’ll have a budget in mind.
When you decide on your lender and start the application process with your Yellow Brick Road mortgage broker, you’ll be asked for paperwork and statements which will be used to assess your ability to repay your home loan. We will then analyse your income and past credit history, as well as your savings. So it’s a good idea to make sure you don’t have any outstanding payments on any existing loans and make sure you’re on top of your credit cards in preparation.
When it comes to what you’ll need to provide to us, the most common items are proof of income, tax returns, a credit report, bank statements, loans statements and 100 points of identification are all standard. Give yourself plenty of time to get this together so the process doesn’t cost you any necessary stress and if your not sure what to bring make sure you call our Rosanna branch and we’ll help you out. Once you’ve provided all the necessary paperwork and there are no issues with the application, the approval process generally takes a few business days to a week. It really is as easy as that!
We have you covered on all stages of your property journey