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Find out the best interest rates available:

Owner-occupied Home Loan
3.65% p.a.      3.65% p.a. CR*
The fine print...
The information provided in this website is for general education purposes only and does not constitute specialist advice. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. Whilst we aim to update our site frequently, interest rates change frequently, please contact us to confirm the latest offers. *Note: the home loan with the lowest current interest rate is not necessarily the most suitable for your circumstances, you may not qualify for that particular product, and not all products are available in all states and territories. The comparison rate provided is based on a loan amount of $150,000 and a term of 25 years secured by an owner-occupied residential property. Warning: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan. Whilst we endevour to keep the information on this website up-to-date at all times, interest rates change daily - always confirm the current interest by calling 0466392717 before making any decisions.
Investment Home Loan
3.99% p.a.      4.01% p.a. CR*
The fine print...
The information provided in this website is for general education purposes only and does not constitute specialist advice. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. Whilst we aim to update our site frequently, interest rates change frequently, please contact us to confirm the latest offers. *Note: the home loan with the lowest current interest rate is not necessarily the most suitable for your circumstances, you may not qualify for that particular product, and not all products are available in all states and territories. The comparison rate provided is based on a loan amount of $150,000 and a term of 25 years secured by an investment residential property. Warning: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan. Whilst we endevour to keep the information on this website up-to-date at all times, interest rates change daily - always confirm the current interest by calling 0466392717 before making any decisions.
Car Loan
7.25% p.a.      9.05% p.a. CR*
The fine print...
The information provided in this website is for general education purposes only and does not constitute specialist advice. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. Whilst we aim to update our site frequently, interest rates change frequently, please contact us to confirm the latest offers. *The interest rate is available to approved applicants financing a motor vehicle on a secured consumer fixed rate loan over 60 months. The comparison rate is based on a 5 year secured fixed rate loan of $30,000. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Applications for finance are subject to normal credit assessment. Conditions, fees & charges apply. Whilst we endevour to keep the information on this website up-to-date at all times, interest rates change daily - always confirm the current interest by calling 0466392717 before making any decisions.
Personal Loan
7.95% p.a.      9.56% p.a. CR*
The fine print...
The information provided in this website is for general education purposes only and does not constitute specialist advice. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. Whilst we aim to update our site frequently, interest rates change frequently, please contact us to confirm the latest offers. *The interest rate is available to approved applicants getting a fixed rate personal loan over 60 months. The comparison rate is based on a 5 year secured fixed rate loan of $30,000. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Applications for finance are subject to normal credit assessment. Brokerage not included. Conditions, fees & charges apply.
Refinances available from:
3.65% p.a.      3.65% p.a. CR*
The fine print...
The information provided in this website is for general education purposes only and does not constitute specialist advice. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. Whilst we aim to update our site frequently, interest rates change frequently, please contact us to confirm the latest offers. *Note: the home loan with the lowest current interest rate is not necessarily the most suitable for your circumstances, you may not qualify for that particular product, and not all products are available in all states and territories. The comparison rate provided is based on a loan amount of $150,000 and a term of 25 years secured by an owner-occupied residential property. Warning: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan. Whilst we endevour to keep the information on this website up-to-date at all times, interest rates change daily - always confirm the current interest by calling 0466392717 before making any decisions.
Pre-approvals available from:
3.65% p.a.      3.65% p.a. CR*
The fine print...
The information provided in this website is for general education purposes only and does not constitute specialist advice. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy. Whilst we aim to update our site frequently, interest rates change frequently, please contact us to confirm the latest offers. *Note: the home loan with the lowest current interest rate is not necessarily the most suitable for your circumstances, you may not qualify for that particular product, and not all products are available in all states and territories. The comparison rate provided is based on a loan amount of $150,000 and a term of 25 years secured by an owner-occupied residential property. Warning: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan. Whilst we endevour to keep the information on this website up-to-date at all times, interest rates change daily - always confirm the current interest by calling 0466392717 before making any decisions.

The Home Loan Process Explained

Getting a home loan can be very confusing, especially if it is your first time, and as such, I have written this article to break the process down into many simple steps. Whilst the process does vary from lender to lender, it is generally very similar, and looks a little like this:

The Home Loan Process Explained

Starting the home Loan process

Initial Interview with Mortgage Broker or Banker

This is exactly what it sounds like – to kick the process off you will need to make an appointment to see a mortgage broker or banker to go through your personal circumstances and check on your borrowing capabilities. This should take roughly 30 – 60 minutes.

Ask your broker about the home loan process

Ensure you understand what is happening. Ask for estimates on time, how much everything will cost, how he will help, and any other questions you have. No question is considered silly, so be sure you completely understand what's happening!

Getting documents together for the home loan

Once you have decided to proceed with the home loan process, you will need to supply various documents to your mortgage broker, and sign privacy declarations and application forms. Common documents required are Driver Licences, payslips, savings statements and statements on Credit Cards and Loans. This can all be sorted at the initial interview if you have everything prepared and ready to go.

Application Lodgement

It is at this point that your mortgage broker or banker will prepare and lodge a loan application for you, and send all your required documents in to the lender. This can vary, but generally it shouldn’t take more than 24 hours from receiving all necessary documents, to lodging your application.

Conditional Approval

At this stage, the lender has almost approved your home loan, but has a couple of conditions that must be met prior to finalising your loan. These conditions can be almost anything, but the most common ones are things like:

Valuation

The next step in the home loan process is for the lender to order a valuation on the property to check it is worth what you are paying. If the valuation “comes back at contract price”, and there are no overly adverse or unusual comments on the report, the lender should be happy to proceed. It will usually take approximately 24 – 72 hours to get the valuation report back.

Please note: Some lenders will allow us to order and complete valuations prior to your loan being submitted. This can save both time and effort if you time poor or unsure as to the value of the property. Please ask me directly for more information on this.

Formal Approval

At this point, the lender will issue a ‘Letter of Formal Approval’, which confirms, in writing, their commitment to provide you the loan on the date of settlement. With this letter, you can confidently make your contract unconditional, with a little help from your conveyancer. Your formal approval will often come within 24 hours of the valuation being done (and all other conditions being met).

Document Signing

After your loan has been formally approved, the lender will send out your loan documents for signing - these will often be sent to your Mortgage Broker for perusal first. These should be signed ASAP to prevent any delays with settlement.

Settlement - The Home Loan Process is complete!

The home loan process is complete and you've successfully bought your first house!

Please feel free to contact me if you have any questions :).

Last updated: 
06 January, 2018
       Author: 
Zak Avery