Getting Started

Finding and purchasing a property is a complicated and sometimes emotional decision. Many buyers find their dream home, but realise they must commit immediately or lose the opportunity of a lifetime. What is more, many don't know, or are daunted by, the home loan process.

If you are looking to buy a property, would you know what is required to secure your finance, or have any idea of the long-term commitment of making such an important financial decision?

Here are six easy steps that will guide you through the home loan process, and with a little preparation and organisation, you will be able to minimise the headaches and speed up your mortgage application.

Find a broker

By meeting with a professional mortgage broker, you may save yourself a large amount of time, effort, and even money in finding the most suitable product and organising your home loan.

Analyse your financial situation

Prior to meeting with your mortgage broker, do some research on how much you may be able to borrow and do a general search on what features and products are available.

Gain loan pre-approval

Obtaining a loan pre-approval can speed up the mortgage application process, and could mean the difference between obtaining your home loan and missing out all together.

Your loan application

This is where it gets tricky so it is a good idea to have your mortgage broker on hand to help you maintain and manage the process.

Your loan approval

Once the lender has approved your loan application, you will receive a loan offer letter which sets out the legal conditions that apply to your loan.

Settlement

The day has finally arrived! The forms have been processed and your lender will be sending a letter confirming the transaction details.