It can be very difficult to select the best property and closing a real estate loan can just be as complicated. The deadlines, fees and anxiety can be difficult, particularly for first home buyers. However, you can deal with this better if you are well-prepared.
First, you should prepare proper documentation because the loan process requires many documents. There may be delays if you fail to provide reports or statements.
Your lender needs these documents to assess your application so it may be a good idea to submit an explanation letter if you have any decline or loss. A statement of your owned properties and personal finances may do your application good as well. It would help if you have complete copies of your latest bank statements, too.
Don’t forget to inform your accountant and lawyer about any real estate loan application you’re filing to make sure they have enough time to provide you with the financial records and statements you might need.
If you tell them early, it will be easier for you to collect the documents you need for your application. If you are buying a property for your personal use or for investment, make sure that you get a loan from a trusted financial provider.
What can you do?
If you would like to know more about property investment or real estate loan, you can click here to know more about Chan & Naylor services. You can leave your details here and we can schedule you for a free consultation. We’ll contact you to explain more.
Whether you are a beginner, seasoned investor or business owner, we can give you guidance to maximise the financial areas of your life. We can give you an integrated and tailored solution of your superannuation, taxation, property investment, asset protection, estate planning and more.
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