Buying a house or refinancing? Have the lender's list ready.
Legacy Locker is an app for your phone and computer that gets together the papers a lender asks for.
It shows you what your broker will need, so you know where to start.
Take a photo of each paper, or send on the emails your bank sends you. It reads them, files them, and ticks each one off the list.
14 days free, then A$19 a month or A$195 a year, including GST. Cancel any time.
What does a lender ask for?
A list of what you own and what you owe (your assets and liabilities). What you earn and what you spend (your income and expenses). Then a paper to prove each one: payslips, three months of bank statements, your current loan statement, the rates notice and your home insurance.
Finding them usually means searching drawers, old emails and online banking. Then the lender asks for one more thing, and by then a statement is out of date.
Legacy Locker builds the list of what you own and owe from your papers, and ticks off each paper the lender needs as it arrives.
Could you answer these today?
- Could you list what you own and what you owe, with a balance for each?
- Could you find your last two payslips and three months of bank statements?
- Do you know what you spend in a month?
- Is your home insurance certificate this year's?
What Legacy Locker does about it
It ticks off the lender's list.
Each paper is ticked when it arrives, wherever it was filed. What's left is one plain sentence each.
It builds the list of what you own and owe.
Each line shows the paper it came from. Your income and expenses are worked out from your statements.
Your broker can see the list too.
Enter their code when you sign up. They see what's in and what's still to come.
A checklist for refinancing
Refinancing
2 still to come
For your broker, Coastline Home Loans
Ticked: Driver licence or passport (in Identity)
Ticked: Payslips, last two
Ticked: Bank statements, last three months
Ticked: Council rates notice (in Property)
Still needed: Current home loan statement
Your latest statement from Ridgeway Bank. It usually comes by email in January and July.
Still needed: Home insurance certificate
This year's certificate of currency from your insurer.
The Whitfields are a made-up family. Every paper shown is a sample.
Start with one paper
14 days free, then A$19 a month or A$195 a year, including GST. Cancel any time.