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..........The Best Spot for the Right Loan

THE LOAN PROCESS - PRE-APPROVAL & UNCONDITIONAL APPROVAL

• Conditional or pre-approval

  • Depending on the lender and method of application, conditional approval can be obtained from as little as minutes to a few days,

  • We will provide you with a conditional approval letter once granted by the lender,

  • The letter will state the conditions which may include, but is not limited to:

    • Final verification such as CRAA credit check

    • Income verification

    • Valuation of the security property etc

  • We often obtain pre-approvals for our clients to allow them to look for a property with more confidence that their finances are in order. These approvals are valid for up to six months,

  • Once you have made an offer on the property, all we normally need is a copy of the front page of the contract so we can submit it to the lender for valuation and final approval

• Unconditional approval

  • Once all the lender's conditions have been met they will notify us that it has formally / unconditionally approved your loan,

  • We will arrange for an unconditional letter of approval to be sent to you,

  • The lender will now proceed to issue formal letters of offer and the mortgage documents,

  • If you are eligible for the First Home Owners Grant (FHOG), see First Home Owners Grant for further details, we will assist you to fill out the application and submit it to the lender for further processing,

  • If required our JP can certify the required documents as true copies of the originals