What information do you need to give upfront when a mortgage broker is assessing your eligibility?
I spoke with a mortgage broker today and after initial phone conversation, he's asked me to send bank statements for the last 6 months to assess if it looks funky (I'm a sole trader). He also asked for my driver's licence to do a credit check.
I thought the driver's licence was only needed to be provided when there's the pre-approval?
Just wanting to make sure what the process is and what I actually have to provide when getting a borrowing capacity estimate. It seems weird to me to be handing out all my driver's licence details to brokers and them keeping it when I likely will just be needing 1
Posted Dec 15, 2022, 3:16 AM UTC · edited
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