How can I prepare my finances?
When looking to purchase property, ensuring your finances are in order not only gives you confidence when bidding but also signals to the vendor that you are a serious buyer. We recommend speaking with a broker to understand how much lenders may be willing to lend you and arrange pre-approval for your home loan. Our Group has experienced finance brokers who can assist you with establishing a strategy to purchase your dream home.
EnquireHow to apply for a home loan with a broker
When you’ve found the property you want and your offer has been accepted, it is time to lock in the finance. If you have pre-approval, this could be faster.
Find your loan
There are thousands of loan products available, so it is important you find one that suits your needs and goals. A Loan Market broker will compare over 60 lenders to recommend the right loan for you.
Preparing your application
Your broker will negotiate with your chosen lender to make sure you are applying for the right loan at a competitive rate. You will need to sign the paperwork and provide information and documentation so the lender can assess things like your income, expenses, assets and debts.
Applying
Your broker will submit your application on your behalf and liaise with the lender to make sure it has all the information required. This will include a property valuation so the lender is satisfied with the amount you are paying.
Signing the loan contract
If your loan is approved, you will be sent your loan contract and formal letter of offer. You can review the documents to make sure you are happy, then sign and return to your broker. Most lenders will also require you to take out home insurance prior to settlement date (or provide details of the body corporate if buying an apartment or townhouse).
Settlement
On your agreed settlement date, the balance of your home loan is transferred to the seller and the contracts of sale and transfer of title are completed. Your broker will liaise with your lender, conveyancer or solicitor and the seller to help make this day as smooth as possible.
Meet Youeil Shol
Whether you're buying a new home, your first home, an investment property or wanting to refinance to renovate or extend, Youeil Shol can help you achieve your property ownership dreams. Youeil's helped countless property owners get over the line with finance. His deep experience in lending means he knows how to shape the right mortgage solution for you and your circumstances. With access to over 60 banks and lenders and thousands of products, he’ll make the lenders work hard for you.
Finance EnquiryCalculators
These calculators can provide a better understanding of your financial standing and potential expenses. These are intended as a guide - for personalised insights, reach out to a broker.
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