ArgFinance

Specializing in Preparation of a requisite loan proposal and other documentations.  

In the process of looking for home loans, towards the end, people should remember that their loan might not be approved because something did not meet the requirements for the same.

A disorganized portfolio or proposal, with bits and pieces of documents scattered around everywhere, makes it difficult to understand both the expenditures and savings involved.

Incomplete documentation is the major reason for the rejection of home loans. To prevent this from happening, make sure that you get specific details about any condition that you have to meet and what documentation would be acceptable.

Some of the important documents that one should keep handy for taking out a home loan are:

• Photo ID- A person needs to fulfill at least 100 points worth of ID.

• Income proof- Payslips or three years’ worth of tax returns reflecting the flow of income.

• Employer’s letter- Reflection of the tenure of a person’s employment.

• Residence proof- Documents reflecting both current and previous residences

• Bank statements- Bank statements for the past six months confirming genuine savings pattern

• Council rates notice- It should indicate every property a person owns including investment properties

ARG Finance takes it under their stride to provide a clear- cut documentation for a borrower.