Home Loan Guide

 

Becoming a homeowner is an exciting event but it may come with many doubts and procedures that aren't familiar to first time homeowners. Buying a home is one of the biggest financial decisions you will make in your life. It is a lengthy and complicated business, which while exciting is often fraught with stress and worry. If you are informed and prepared for every step your home buying experience can be easy and hassle free with our assistance.  We will arrange a tailor-made product that's right for you, with the bank of your choice at a competitive interest rate.

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Step by Step Guide to the Home Loan Application and Registration Process

 

STEP 1: HOME LOAN APPLICATION

After you have purchased your new home, either you or your estate agent will provide us with an OTP (Offer to Purchase).

 

STEP 2: INTERVIEW

One of our experienced consultants will conduct an interview with you to obtain all necessary information that the banks may require.

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STEP 3: SUPPORTING DOCUMENTS

You will be asked to supply all the required supporting documents as requested by our consultant.

 

STEP 4: SUBMISSION

We will electronically submit your application to the relevant bank/s.

 

STEP 5: LETTER OF ACCEPTANCE (LOA)

The bank will issue a quotation detailing the interest rate, costs estimated instalment and other important information for your evaluation and signature.

 

STEP 6: CONVEYANCING

Once you have signed the LOA the bank will instruct an attorney to handle the bond registration process on their behalf, an appointment will be made with you to sign these registration documents.

 

STEP 7: LODGEMENT

Once documents have been signed by you, the Attorney will lodge the bond documents at the Deeds Office simultaneously with the documents of the Attorney handling the transfer of the property.

 

STEP 8: REGISTRATION

Registration will take place approximately 10 working days following date of lodgement.

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