The steps to applying for a loan

Step 1: Mortgage Broker receives all necessary information, documents and a signed application.

Step 2: Home Loan application is prepared and submitted to lender (we inform you that loan has been lodged).

Step 3: Lender (Bank) conducts credit and other inquiries.

Step 4: Lender assesses application and provides conditional approval (assuming there are no issues or concerns).

Step 5: Mortgage Broker informs you of conditional approval (or decline) of your home loan application.

Step 6: Valuer organises to inspect property, then writes and submits report to the lender.

Step 7: Property Valuation received/held.

Step 9: If mortgage insurance is not required: lender issues unconditional home loan approval and will commence to issue loan contracts.

Step 10: Mortgage Broker informs you of decision and will advise that documents are being prepared. These are posted directly to applicant for signing, completion and return to the lender.