When applying for a home loan, all institutions will ask for documentation so you need to prepare beforehand. It is advisable to keep all your legal documents sorted into easily accessible files at any time so you can easily put your hands on what you need. If you don\'t take what you need the first time around, the process of applying for a home loan can be slow and tedious.



According to the Commonwealth Bank, you will need to take your group certificates for the last two years, plus the two most recent pay slips. Ask your employer for a letter stating the duration of your employment and what income you\'ve been paid. You\'ll need 6 months of statements detailing all your savings accounts, investments and personal loans and superannuation, if any. The value of assets like furniture and jewellery will need to be professionally assessed.





If you are self-employed it is easy to let the record-keeping slip, but to apply for a home loan you must provide tax returns from the past two years plus your accountant\'s details. Some lending institutions require a professional profit and loss statement and you\'ll certainly need tax liability. If you can take all these things to your first appointment, the process will be much speedier.