The Mortgage Process
What are the steps to getting a Mortgage?
Our aim is to make the mortgage process as simple as possible and provide specialist advice throughout each step. We constantly refine our system to take the hard work out of the loan process. The guide below offers a breakdown on the steps we will guide you through.
A quick look at the Mortgage Process
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1
Initial Consultation
The first step is to catch up over the phone and take a quick look at your position. We keep things nice and light at this stage and then decide on next steps.
2
Client Portal
If we have decided to continue down the process towards an application, we will need to collect some information and documents. Our client portal makes this process nice and easy, or we can run through it over the phone.
3
Pre-approval
Once we submit the application to a range of suitable lenders, it sits in the queue for assessment. If successful your application will come back pre-approved. This pre-approval will likely have some conditions to meet, like finding a suitable property but it allows you to make offers on houses, subject to obtaining an unconditional approval
4
Unconditional Approval
With the pre-approval obtained, we will walk you through checking off any conditions. With all the conditions met, you can confirm your finance clause if applicable and we can start working on the structure your new loan will have.
5
Structure & Rates
Now it's time to review the different offers from the lenders and select a structure. Lenders will likely offer different interest rates and they may provide a cash contribution. There is a lot to weigh up at this stage including what loan structure will work with your style and help you reduce the cost of your loan.
6
Settlement
This is the exciting part of the process! If you are purchasing a new property, it is the day you take over ownership and the day your loan starts. For a refinance it is the day your loan switches over to the new lender, hopefully saving you money.
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Our service continues on post settlement! We set up reviews for when your fixed rates come up for expiry and we are always available should you have any follow up questions or ideas.