HOME LOAN PROCESS FIRST HOME BUYER
Simple 8 Steps. We will get you FROM HERE TO THERE
As First Home Buyer, you will receive support from us in the following key sections:
Ø Explain the process and costs
We will explain you the steps of the home loan process with all the possible costs you need to know during the property purchase transaction.
Ø Help you get conditional approval
We will help you to find the best possible loan facility and arrange a conditional approval, and you will feel more confident while looking for your first dream home.
Ø Provide guidance during your property hunting
We will provide you guidance and recommendation for all the matters you need to be aware of before and after signing a purchase contract, so you know you are in good hands.
Ø Assist you applying the eligible government incentives
We will assist you applying the eligible government incentives, such as First Home Ower Grant (FHOG), and you will not need to worry of missing your opportunity.
Ø Support you even after you have moved in the house
As your personal mortgage broker, we will support you by providing post settlement check and annual Home Loan Health Check to ensure your existing home loan is still right for you base on your updated financial situation.
Step 1: Initial Inquiry
In our first call, we’ll take the time to understand your goals and review your current financial situation. After that, we’ll send you a Hello Pack and Credit Check Authority to help you prepare all the required documents for the next step.
Step 2: Interview & Game Plan
We’ll meet with you either face-to-face or online to understand your lifestyle and what you truly need from a home loan. We’ll assess your borrowing power, estimate repayments, review your savings, and explore loan options that suit your situation. From there, we’ll provide a tailored selection of lenders and solutions for you to review and choose from, known as the “Game Plan”.
Step 3: Application
Once you’ve chosen a lender and loan option that suits your needs and is in your best interest, we’ll take care of preparing your application and support you every step of the way.
Step 4: Conditional Approval
Conditional approval—often referred to as pre-approval—is provided once the lender has reviewed your application, supporting documents, and completed a credit check, confirming it meets their current lending criteria.
Step 5: Looking for a Property
During this stage, we’ll support you as you search for your first home. We’ll also help you understand the importance of engaging a conveyancer or solicitor to review the contract for any property you’re considering.
Step 6: Complete Valuation
After you’ve secured your property, we’ll ask you to provide a copy of the signed contract of sale and your deposit receipt. We’ll organise a valuation to support your home loan approval, and the lender may request some updated documents to proceed.
Step 7: Unconditional Approval
Unconditional approval—often called full or formal approval—is when the lender confirms your home loan is fully approved. Your loan documents will be issued for signing, and we’ll organise a time to walk you through everything. At the same time, your conveyancer or solicitor will liaise with the vendor’s representative to prepare the Transfer of Land.
Step 8: Settlement
Settlement is the exciting day you receive the keys to your new home. In the days leading up to settlement, we’ll remind you to ensure your funds are ready. Your conveyancer or solicitor will handle the settlement process with the lender based on the contract terms. Once everything is complete, we’ll help check that your loan is set up correctly and provide ongoing support with annual home loan reviews.