Do Your Own Home Loan..... Apply online for your home loan now

	Our online home loan application form is easy to use.... Apply online now for your home loan, refinance, or debt consolidation loan.... We have over 30 lenders with no deposit loans and low doc loans waiting for you to apply.

INFORMATION

WHAT HAPPENS WHEN I COMPLETE AN APPLICATION?

Step 1.Once you Submit your application we will immediately acknowledge your application and commence processing.

Step 2. We will qualify you for a loan with our panel of lenders, and advise the result within 1 working day.

Step 3. If you are successful in qualifying for finance we will contact you to gather any additional information that may be required.

Step 4. We will email you a list of items required to complete your application. These items will usually include the following:
(a) Application form
(b) A copy of the purchase contract
(c) Photocopy of your drivers licence
(d) Photocopy of your medicare card
(e) Photocopy of your bank statement
(f) Photocopy of your credit card statement
(g) Photocopy of statements on any loans that you may have.
(h) Photocopy of your last 3 payslips
(i) Photocopy of your last years group certificate
(j) Other items that may be required

Step 5.Once you have faxed or emailed the above back as attachments, we will process the application and advise when formal approval is obtained from the lender.

We will keep in touch with you during the process.
The typical scenario for a home purchase is:

Week 1
(1) Your application will be processed and qualified.
(2) Signed application and pay slips etc will be requested.
(3) Once item (2) has been received, a valuation will be ordered.

Week 2
(4) Once valuation is done, formal approval is advised in writing
(5) Documents are sent out. You must sign the forms and documents in front of a solicitor, justice of the peace, or another qualified witness and return them to the lender as soon as possible.

Weeks 3 and 4
(6) Your solicitor will liaise with the lender to arrange the settlement. (Settlement is when your solicitor exchanges the monies due to be paid in return for clear title to the property being purchased)
(7) Your solicitor will ask for your contribution towards the purchase. They will need this at least 4 days prior to the purchase to allow time for any cheques to be cleared. (Including bank cheques)
(8) At settlement your solicitor will instruct the lender to pay the monies due to the vendor (person selling the property). Both your lender and your solicitor will send out a letter advising that settlement has taken place, and will advise a breakdown of monies paid on your behalf.
(9) The lender will contact you to advise when the first repayment will commence on your loan. For a loan with monthly repayments, this will usually be 30 days after settlement.

We urge you to take advantage of any online banking facilities that the lender has, and use the redraw or offset account facilities that they also usually offer to deposit any spare money that you may have. This will reduce your interest cost and shorten your loan term. See section on Wealth Creation. It is important that you ensure that all payments are made on time, as any defaults over 60 days may be recorded on your credit history. This will be very important to you in the future, as it will affect your future ability to borrow. You will appreciate that lenders are reluctant to lend to applicants with a poor credit history, and any borrowings may be at an interest rate that is higher than the normal market rate. This could have a strongly adverse affect on your future financial well being.

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