What do you need to submit an application for a home loan?
We need to prove that you can afford the loan applying for and that you are a credit worthy applicant. This means that you must do the following to make sure of this:
The latest payslip must be provided and nett salary reflected on bank statements must be the same as the nett on payslip.
3 Months bank statements showing salary deposits that correspond with payslips
ID copies of all applicants
Self employed clients to provide:
2 Years financial statements
Accountant letter to confirm drawing of member/director
6 months business bank statements
3 months personal.
Determine what your credit standing is currently by logging into:
www.mytransunion.co.za, click on buy now, and also go to
https://www.creditexpert.co.za/CERegister1.aspx register and they will make a copy available to your credit report.
The banks use both these Buro's info to determine your credibility.