The People in the Process (Part 3)
The Lender or Bank and the Application Process
In this third installment looking at the People in the Process, we consider the Lender or Bank. These are ultimately the people who provide you with the funds to realise your dream so understanding what they do is very important.
Applying for a home loan can be daunting - and chances are you may be concerned about getting your application right. There is a lot riding on it after all. As discussed in Part 1 of this series, as your Mortgage Broker I will handle the paperwork on your behalf and keep you informed at every stage. Knowing what is to come and what to expect in the process is very important thought along with the language that can sometimes be a bit confusing. Things like:
- conditional versus unconditional approval (and what is a pre-approval then?)
There are several different stages to applying for a home loan, and it can make sense to start the ball rolling before you begin looking at properties listed for sale. To understand what's involved, take a look at our short Money Chat video - The Home Loan Application Process.
If you would like more information on the application process, or any other information about lending, don't hestitate to 'Ask Andrew'.
Contact us by filling in the contact form at the top right of this page or give us a call on (02) 9401 9244.