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The LOAN PROCESS
Based on an assessment of your current financial circumstances and your loan requirements, we will identify the most suitable loan products and lenders for you.
We will submit your application for assessment and then notify you as soon as we hear back from the lender.
The Lender advises of Conditional or Pre-Approval, which is usually subject to valuation and any other required information which they deem necessary.
The Lender will instruct one of their panel valuers to value the property, if you currently own a home.
Once the Lender is satisfied with the valuation they will require the provision of any outstanding approval conditions per Step 3.
When your loan is approved, you will receive a formal letter of offer, which is a legal contract outlining the terms and conditions of your loan.
The Lender or their Solicitors prepares the loan and mortgage documents which are sent to Finance Mutual Australia for you to sign.
All Lenders documents are signed and returned to the Lender in readiness for settlement.
Once the Lender receives all signed Loan documentation they will liaise with your conveyancer/landbroker, in respect to a purchase, or your current Lender, in respect to a refinance, to arrange a settlement date.