Step One
Initial Phone Consult
Your home loan application will always start with a free, no-obligation chat. There is no preparation required from you for this, it is our job to ask the right questions.
In this initial 10-to-30-minute discussion (depending on how much detail you would like), we will explore:
- How we can help you- are you purchasing, refinancing or building?
- Some basic personal details- how many applicants, are you salaried or self-employed?
- Rough purchase price expectations (if you are looking to purchase)
- Current lender, rate and loan details (if you are looking to refinance)
- Any other queries you would like answered
Step two
Invitation to Client Portal
Once we have covered the basics, we will send you through your invitation to our Secure Client Portal. The portal has been designed to make providing the information we need from you as simple as possible and is secured with Multi Factor Authentication for your data security.
You can enter your information, assets, liabilities and upload all required documents easily and in the one place. The Client Portal contains everything we need to prepare your detailed Preliminary Assessment.
Step three
Preliminary Assessment
Once we have your supporting information, we get to work. We will calculate your borrowing capacity, funds position, compare lender options, rates, fees, credit policy and turnaround times in order to narrow down our recommended options for you. We will generally present our 3-5 highest recommended lender suggestions for your unique circumstances.
We will then have a meeting with you to go through all of this information and break it down for you. We can conduct this meeting in person, via video conferencing or over the phone- whatever suits you best.
Step Four
Application & Approval
Once you are happy with your options and have chosen a lender, we will submit the application to them. The lender will review your application, statements, income information and more and issue approval if they are satisfied. Turnaround times can vary lender to lender, but we will advise you of these when presenting your options.
If you are getting pre-approved the bank will issue your pre-approval (also called conditional approval) and you can then commence your house hunting with confidence. We will advise you of the approval conditions and how to satisfy them.
If you are proceeding with a purchase under contract or refinancing, the bank will issue a formal approval (also called unconditional approval) and proceed to loan documentation. The formal approval letter is what you will need to satisfy any finance clause. We will also co-ordinate the discharge process and paperwork with your current lender at this point, if you are refinancing.
Step five
Loan Documentation
Once your chosen lender has formally approved your loan application, they will issue loan documentation. The majority of lenders have moved over to digital documents (also called e-signing), making the signing process very simple.
If your chosen lender does not offer this, we will sign up the documents with you in person. We are available to step you through the document signing process and answer any queries you may have.
Step Six
Loan Settlement
Your lender will certify your loan documents when returned and we will liaise with the bank and/or your solicitor to get a settlement booking date.
If you are purchasing, the settlement date will be stated on your contract and we will ensure everything is in order for that date and settlement is booked on time. Once settlement goes through, you will formally take ownership of the property- congratulations!
If you are refinancing, your existing lender will likely determine when the refinance settlement can be booked and we will advise as soon as we know the date. We will advise as soon as settlement has gone through and confirm your accounts, internet banking etc. is all setup with your new lender.
We have invested a lot of time and effort in our loan process to make it as streamlined as possible, and we are confident you will find it simple and effective. If you have any questions at all or would like to get started, get in touch with us today.
Get in touch.
Whether you’d like an initial chat to discuss some figures, a video call or a face-to-face meeting, let’s chat!
Fill out the contact form and we will be in touch ASAP to discuss how we can help you.
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Home Loan Application Process/How We Work
Curious what working with us looks like? Whether you want to know your savings target, borrowing capacity or are ready to get approved, we have prepared an outline of our process so you know exactly how it all works.
- Initial Phone Consult
Your home loan application will always start with a free, no-obligation chat. There is no preparation required from you for this, it is our job to ask the right questions.
In this initial 10-to-30-minute discussion (depending on how much detail you would like), we will explore:
- How we can help you- are you purchasing, refinancing or building?
- Some basic personal details- how many applicants, are you salaried or self-employed?
- Rough purchase price expectations (if you are looking to purchase)
- Current lender, rate and loan details (if you are looking to refinance)
- Any other queries you would like answered
TALK TO A MORTGAGE BROKER (CTA)
CALCULATE REPAYMENTS (CTA)
- Invitation to Client Portal
Once we have covered the basics, we will send you through your invitation to our Secure Client Portal. The portal has been designed to make providing the information we need from you as simple as possible and is secured with Multi Factor Authentication for your data security.
You can enter your information, assets, liabilities and upload all required documents easily and in the one place. The Client Portal contains everything we need to prepare your detailed Preliminary Assessment.
- Preliminary Assessment
Once we have your supporting information, we get to work. We will calculate your borrowing capacity, funds position, compare lender options, rates, fees, credit policy and turnaround times in order to narrow down our recommended options for you. We will generally present our 3-5 highest recommended lender suggestions for your unique circumstances.
We will then have a meeting with you to go through all of this information and break it down for you. We can conduct this meeting in person, via video conferencing or over the phone- whatever suits you best.
4. Application and Approval
Once you are happy with your options and have chosen a lender, we will submit the application to them. The lender will review your application, statements, income information and more and issue approval if they are satisfied. Turnaround times can vary lender to lender, but we will advise you of these when presenting your options.
If you are getting pre-approved the bank will issue your pre-approval (also called conditional approval) and you can then commence your house hunting with confidence. We will advise you of the approval conditions and how to satisfy them.
If you are proceeding with a purchase under contract or refinancing, the bank will issue a formal approval (also called unconditional approval) and proceed to loan documentation. The formal approval letter is what you will need to satisfy any finance clause. We will also co-ordinate the discharge process and paperwork with your current lender at this point, if you are refinancing.
BOOK YOUR FREE PRELIMINARY ASSESSMENT (CTA)
- Loan Documentation
Once your chosen lender has formally approved your loan application, they will issue loan documentation. The majority of lenders have moved over to digital documents (also called e-signing), making the signing process very simple.
If your chosen lender does not offer this, we will sign up the documents with you in person. We are available to step you through the document signing process and answer any queries you may have.
- Loan Settlement
Your lender will certify your loan documents when returned and we will liaise with the bank and/or your solicitor to get a settlement booking date.
If you are purchasing, the settlement date will be stated on your contract and we will ensure everything is in order for that date and settlement is booked on time. Once settlement goes through, you will formally take ownership of the property- congratulations!
If you are refinancing, your existing lender will likely determine when the refinance settlement can be booked and we will advise as soon as we know the date. We will advise as soon as settlement has gone through and confirm your accounts, internet banking etc. is all setup with your new lender.
We have invested a lot of time and effort in our loan process to make it as streamlined as possible, and we are confident you will find it simple and effective. If you have any questions at all or would like to get started, get in touch with us today.
TALK TO A MORTGAGE BROKER (CTA)
CALCULATE REPAYMENTS (CTA)
Prefer to chat on the phone? Give us a call on 1300 616 000 to talk now!