HOW LONG DOES A HOME LOAN APPLICATION TAKE?
We have created the below timelines to help explain the different steps involved from application to settlement. We find it helps clients understand the timing of each step involved and what is required from the different parties involved.
Of course, we will keep you informed throughout the entire process.
- WE SEND YOU A QUESTIONNAIRE: +1 DAY. We need to ask you relevant information about your current financial position and what loan features you are interested in. This should take you between 10-15 minutes to complete. We have created an online questionnaire and also a PDF editable form if you prefer to print out and complete. Its simple a matter of preference but the online version is slightly quicker.
- WE RUN SOME CALCULATIONS: +2 DAYS. This is a maximum time frame we commit do. We usually can get back to you on the same day. We make some recommendations based on your requirements from your answers to the questionnaire. We review the market to match you with a suitable product.
- WE SIT DOWN WITH YOU: +1 DAY. We discuss the recommendations with you and make sure we have all the correct information we need to submit an application. If you are happy with our recommendation, you sign the loan application specific to the lender you have chosen.
- YOU ORGANISE THE DOCUMENTS REQUIRED: +1 DAY. We give you a list of documents that we will need to submit with the loan application to the selected lender.
- WE REVIEW THE DOCUMENTATION: +1 DAY. We check to make sure all supporting documents have been supplied.
- WE SUBMIT THE APPLICATION TO THE LENDER: +1 DAY. Formal submission of loan application to the selected lender.