Whether you are buying your first home or seeking finance to buy your third investment property or have some other complex loan requirement for your business, we will guide you through the entire home loan or commercial loan process so that you are empowered to make informed decisions at each step of the process.
1. Find the Best Loan Finding the best loan to suit your financial circumstances and lifestyle goals is not easy. It may be best to speak to one of our experience mortgage brokers who will handle your enquiries in total confidence and help you select from over 30 lenders. In order to assist you, we will normally wish to know the following, at a minimum:
What loan ration are you seeking? Are you seeking to borrow 80% of the purchase price or more?
What is your annual income? Is there any other extra income like rental or centerlink payments?
How long do you plan to keep your loan?
What are your short-term and long-term plans?
2. Fill in Application Form and Supporting Documents All loan applications will require you to submit documents to help the lending body verify your credit history, employment history, property value, assets and any other information pertinent to your situation.
To improve your chances of getting your loan application approved in a timely fashion:
Fill out the loan application form correctly and completely.
Submit any other additional documents when requested in a prompt manner
Note: there is a list of DO NOT. Please speak to your broker so that your current application will not adversely affected.
3. Finalise Approved Loan When your loan is approved, you will be asked to sign the final loan documents. This will happen before settlement. Without the loan document signed the lender will not provide you with the funds as requested.
It is important that you review the loan documents ensuring that the loan size, interest rate and loan terms are as per your understanding. If you are uncertain, please discuss any legal issue with your legal representative.
