1. Contacting your Mortgage Specialist with the initial Enquiry

This is the first contact with your Mortgage Specialist. They will ask some general questions relating to your scenario to help formulate a proposal of which lender to proceed through. An appointment will normally be set up at this time.

2. Appointment Occurs and an Application is taken

This will occur at a time and place that suits you. An application form and supporting information for the lender will normally be taken.

3. Lodging the Application

Your Mortgage Specialist will go back to his/her office and prepare and send an application to the lender.

4. Lender Comes back with a decision

Your Mortgage Specialist will give you a call and let you know what the status is of the application. The lender will most likely approve or defer the loan subject to some extra information. This information could be a valuation over the property or some bank statements etc…

5. Formal Approval

The lender has formally approved your loan. This means that there are no conditions other than signing the documents. Your Mortgage Specialist will give you a call to congratulate you and a  letter will be sent out.

6. Loan Documents

The lender or the lender’s solicitor will prepare the contract mortgages for you to sign. Some lenders send them to our office while others send them directly to you. If you do receive your loan documents please give your Mortgage Specialist a call and they will set up a time with you to go through them.

7. Settlement

Once the documents have gone back to the bank, the lender will check them and then they will be ready to settle. Your  settlement agent will then book the settlement. Once settlement has gone through, your Mortgage Specialist will contact you to advise of the settlement and congratulate you.

8. After Care

Please do not hesitate to contact us after the settlement of your facility. We are always more than happy to help facilitate any other enquiries you or your family and friends may have.

Note:
Discharges
If you are using an existing property as security with another lender then we will need a Discharge of Mortgage Form completed.

Note:
First Home Owners Grant
If you qualify for the First Home Owners Grant your Mobile Lender will take your application at the time of interview. These funds will become part of your settlement proceeds.

Note:
Certificate of Currency
Your Lender will require building insurance over the properties you are using as security—Your insurance certificate will need to note your particular Lender as the mortgagee.