FREE PROPERTY REPORT.
When deciding whether to buy a property, its price is just as important as its features and location.
The market price, or the actual sale price, can differ from a real estate agent’s appraisal or a formal property valuation.
CASHBACK CALCULATOR.
Your cashback will be paid in intervals from the settlement date:
- After Year 1: 50% of the cashback
- After Year 2: The remaining 50% of the cashback
REPAYMENT CALCULATOR.
This calculator estimates your minimum monthly mortgage payments based on the loan amount, mortgage term, and interest rate.
PROCESS TIMELINE.
Once you have chosen the home loan that suits you best, the next step is to submit your application. While the process may differ between lenders, here’s a general outline of what to expect.
ONLINE
REVIEW & APPLY
In your own time
Review and explore the products available to you. Submit your application online, and our Loan Specialists will contact you to help identify the most suitable option.
APPLICATION
ONLINE SUBMISSION
Takes 1 to 2 days
Once all required documents are gathered, we will compile your home loan application and submit it to your chosen lender.
ASSESSMENT
BANK SUMISSION
Usually 3 to 4 days
The lender will conduct credit checks and complete the assessment. We’ll coordinate with the lender and keep you updated throughout the process.
VALUATION
CONDITIONAL APPROVAL
Takes 5 days
The lender will receive the valuation report within three days of the inspection. We’ll obtain unconditional (full) approval from the lender within two days of receiving a satisfactory valuation.
CONTRACTS
FORMAL APPROVAL
Takes 5 to 10 days
SETTLEMENT
SIGNED DOCUMENTS
Takes 2 to 10 days
Within 2–3 days after you return your mortgage documents, your solicitor/conveyancer (for a new purchase) or current lender (for a refinance) will contact the lender to schedule settlement.
