You will need evidence of all of your current mortgages, loans and credit cards along with the balances on each. You should also have a pay stub with you that shows your gross pay along with any deductions that are automatically taken from your pay. Finally you will need a copy of a recent bank statement that shows your regular withdrawals.
The bank statement is needed for several reasons. It should be the account that the loan payments will be with drawn from and will show the account number, bank number and branch number. It will also show if you have any checks written when there was insufficient funds in your account. They are looking for a good record of managing your finances.
BY applying to several lenders, and also letting them know that you are comparing, you should get a competitive rate. This is by far one of the best ways to get a competitive product.
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