Our home loan application can take just 4 minutes to fill out if you’re prepared – that’s less time than it takes to drink your morning coffee. From there, we’ll phone you for a pre-suitability call to make sure we’re right for each other. It’s your chance to ask any burning questions, and our chance to make sure you fit our basic requirements for a home loan*. If we’re a match, we’ll set up a time for the full-suitability call – and an important part of this will focus on your expenses.
* Some of our requirements include: being at least 18 years-old and an Australian permanent resident and borrowing a maximum LVR of 80%.
Knowing your expenses is as important for you as it is for us. It helps show you have the ability to pay off the loan you’re planning to borrow and gives you comfort the loan amount is right for you. The more accurate you are about your expenses, the easier it’ll be for us to find the best loan for you and the more comfortable you’ll be with your repayments.
Generally we’ll ask for your monthly expenses, however, you can provide us your expenses on a weekly, fortnightly or yearly basis and your friendly UBank Advisor can help do the sums for you.