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Mortgage providers Australia

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Mortgage providers Australia

What are the steps in the home loan approval process?

Mortgage providers Australia tip: Please find the following basic guide for the home loan process – please note that the stages might vary slightly between different Mortgage providers Australia:
Step 1:You speak with a Fist Choice Mortgage Broker who considers your financial situation and provides you with a

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home loan that suits your individual needs
Step 2: Your home loan manager collects your supporting documents and takes your application for the home loan approval
Step 3: Your home loan is submitted to the lender for their decision
Step 4: If the lender requires no additional information the loan will be pre-approved and a valuation will be ordered on your new purchase property
Step 5: Valuation returns and the lender accepts the property as security, your loan is submitted for formal approval
Step 6: Your loan is formally approved! Our Mortgage providers Australia provide you with an approval letter so that you can exchange on your new property. We also assist you with your first home buyers Sydney grant and submit this to the lender on your behalf
Step 7: Mortgage contracts are sent to you in the mail – you sign them and send them back to the lender
Step 8: Your documents are checked, the lender books in a settlement date with your solicitor and your loan settles, need more advice? Call our Mortgage providers Australia at Call 1800 111 455