MORTGAGE PROCESS
Getting a mortgage can be quite confusing, with so many steps involved people often don’t know where to start. At Assured, we make things simple. We know that understanding the process can help prepare you, that’s why we have outlined the steps to getting a mortgage, making it easy and simple to follow.
Below is a simplified version of the mortgage process or if you would like a more in-depth version, simply scroll down the page to find out more.
Talk to our professional finance consultants over the phone and complete a finance check in just 15 minutes.
We have access to over 30 bank and non-bank lenders,(including the big 4), and over 1,400 loan product options.
We’ll determine and explain all the benefits to you after calculating any fees to refinance, consolidate or purchase.
We’ll submit your loan application and take you through the process to settlement to make everything easy for you.
1. Enquire
Make an Enquiry with Assured.
Simply call us on (08) 83 600 200 or alternatively submit an online form on our website and we will contact you.
2. Consultant chat
Your Assured Consultant will have a chat about what you are looking to do (refinance, purchase a home, purchase an investment etc), and run over your basic financial details such as income and any debts.
3. Borrowing Capacity Calculation
Your Assured Consultant will calculate an approximate borrowing capacity.
4. Appointment confirmation
Your Assured Consultant will arrange a time and date to meet with you. You will receive an email with anything you need to have ready for the appointment such as pay slips and bank statements.
5. Appointment with consultant
Appointment with your Assured Consultant. At the appointment your consultant will discuss with you your requirements for the loan and will obtain all the details required for an application.
6. Explore loan options
You will be provided with loan options and your consultant will explain each product to you. You can then make a decision as to which product you would like to go ahead with.
7. Application finalisation
Your Assured Consultant will finalise your application and provide to you for review and signing.
8. Submission to lender
Loan application submitted to lender. (It can take 1 – 10 days to receive an approval depending on the chosen lender). Your Assured Consultant will keep you updated on the status of your application.
9. Conditional Approval
Conditional Approval – if you are issued a conditional approval this means that the lender requires more documents to support your application.
10. Property Valuation
Valuation on property – your lender may require a valuation to be done on the property. Your consultant will advise you if this is required.
11. Unconditional Approval
Unconditional Approval – congratulations your loan has been fully approved by the lender. It indicates that your application is not subject to any conditions by the lender.
12. Mortgage documents issued
Mortgage Documents Issued – your Mortgage Documents will be issued by the lender and your Assured Consultant will arrange a meeting with you to read over and sign the documents.
13. Settlement
Settlement – congratulations on the settlement of your property.
Lending criteria, terms and conditions apply. Information is offered as an example only. This content is not be taken as legal, financial or real estate advice.
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