Category: Banking

A home loan mortgage finance application can be tricky, so it is important that you have all your personal and financial information ready before you meet with your mortgage broker.

Personal Information:

The first thing you need to do is prove who you are. Chances are your home loan lender is going to be advancing you many thousands for your property purchase, so they want to be sure you are who you say you are. You will need the obligatory 100 points of identification if you are going to secure a home loan or mortgage. You will need: Birth Certificate (certified if applying for first home owners grant) or Passport, drivers licence, Medicare card, credit card statements, maybe an account from a utilities provider with you current address, some other photo id and maybe a letter from your mum. You will also need to provide details of where you have lived for the last 5 years or so.

If you are buying car for rental purpose or self-use, then you can get it from Florida Title Loans. There is the requirement of providing the best loan amount to have the desired results. The repaying of the auto- car loan is according to the preference of the people.

Financial Information:

If you are an employee, you will need at least your last three payslips that clearly identify you and the amount you earn. A letter from your employer may also be useful here if they are willing. They will need to state your employment start date, gross income and condition of employment as a minimum. You may also be asked to provide your PAYG Payment Summary for individual non-business. If you have more than one employer get a statement from them all. If you are self employed you will need your last two years tax returns and assessments for yourself and any other tax entity you trade under. Self employed applicants may also be able to use Low Doc or No Doc options to certify their incomes.

You will also need at least 6 months of saving account statements to show your savings history, lenders think a solid savings history indicates that you will be able to make the sacrifices necessary to keep up the payments on a home mortgage. In some cases 6 months of credit card statements, including the most recent, showing their balance and limit. Personal loan details and statements showing repayment outstanding balance figures and payment history. Store account statements and details.

You will also need paperwork explaining any bad credit history you may have. It is best to get this stuff up front to avoid any delays with your application. Contact a credit reference supplier and find out if you have anything to worry about if you are not sure.

If you are buying a property you will need to supply a Contract of Sale. The front page of a Contract of sale is generally enough for most of the major lenders. If you are refinancing, you will need 12 months mortgage statements on the loan to be refinanced and a recent council rate notice. If you are building it will be best to supply a complete copy of your building contract including the specifications and plans.

That’s just about it. You will also need your notepad or diary to take notes from your mortgage broker interview. I suggest you print this Blog and use it as a reminder. Oh and tell your mum you love her and that you appreciated all the times she cleaned up after you!

Below we have listed six helpful tips that our readers can use should they want to acquire and use bad credit-credit card s.

Six Tips on Getting Credit Cards for Bad Credit

Consider all the available bad credit credit card options. Before you apply for a particular card account, it is vital that you are knowledgeable about the different types of bad credit credit card s. You need to know what is actually offered in different card programs. Conduct your own online research of the features, terms and conditions you can expect from these cards. You also need to be well-aware of the differences between and among prepaid debit cards, prepaid credit cards, secured credit cards and other card options. This way, you can be guided in selecting the right card program that will suit your needs and that will meet your expectations.   

Consider all the possible methods through which you can get your desired credit card for bad credit. A lot of consumers are only familiar of the direct means of applying for credit card for bad credit programs. However, because of the rapid improvement in technology, there are card companies that are now accepting applications over the phone or through the internet.

This means that you can now choose however you would like to apply for your desired credit card, depending on your situation or work schedule. So, you can select to undergo the lengthy procedure of getting your card from credit unions or banks. Or you may opt to send your card application using your phone or your access to the internet and receive the speedy decision from your chosen card issuer.

Avoid card issuers that give out “too-good-to-be-true” promises. Never believe the seemingly excellent promises and too-good-to-be-true guarantees employed by many card companies. Remember that they only use these marketing gimmicks to attract more consumers to take whatever card programs they offer. And most of the time, they fail to deliver their outrageous offers and promises to their clients.        Get a bad credit-credit card only from reputable and legitimate card companies. Card applicants must also remind themselves to take credit cards for bad credit only from accredited or licensed card issuers. In so doing, they can protect themselves from the prevalent schemes and fraudulent activities used by scam artists to rip off inexperienced consumers.        Shop for card programs that will suit your budget and finances. People with bad credit and those who would like to establish their credit history must take their time in shopping and comparing different credit card for bad credit programs. They must settle only for the card program that carries the most affordable interest rate and fees, the most flexible payment terms and of course the least number of application requirements.

Resist the urge of taking more than two bad credit credit cards. It is never good to apply for more than two bad credit credit card. This is because making multiple card applications can produce a negative effect on your credit history. This activity can cause you to lose more points from your less than perfect credit rating, which will really damage your financial and credit prospects. So as much as possible, apply only for at most two bad credit-credit card s.

Apart from the aforementioned tips, it is always wise to buy cvv2 just to be on the safer side as a bad credit card tends to be a pain in the neck for people who cannot handle the monthly expenditures that it generates and leads to financial and emotional breakdown.