Application Process

The steps through the application process.

One
You will sign an application to the lender with supporting documents like ID, contract of sale etc or no contract if it’s a pre approval.

Two
Your application will be submitted to the lender and you will be informed.

Three
Lender receives application and starts credit checks and normal enquiries.

Four
Lender assesses application and advises a conditional approval.

Five
You are informed and may need to supply the extra information.

Six
Valuer organizes to inspect the property and submits a report.

Seven
Property valuation received

Eight
If mortgage insurance is not required lender issues unconditional home loan approval. If insurance is required it will need to be signed off with the insurer.

Nine
Sign off is complete when insurer is happy with the application and valuation. Unconditional is issued.