Our Home Loan Process
Step-by-Step Guide to Owning Your Home
The home loan process can be complex, but with Smartfinn Advisors, you’ll have a clear and guided path to securing the right loan and owning your home. Here’s how our process works:
1. Get Loan Pre-Approval
Having a deposit saved enables you to take the first step in seeking finance for your home. When you know exactly how much you can borrow, you can begin your search. We handle the pre-approval stage for you, managing the contacts with lenders and filling out forms, so you don’t have to worry about these tasks.
2. Choosing a Home to Buy
Most people have an idea of where they want to live. You can start your search by visiting real estate agents or searching online. Finding the perfect home that fits your needs and budget is crucial, and our team is here to support you through this exciting step.
3. Make an Offer
Once you’ve found the right home, you can make an offer at a private sale or bid at an auction. We can help you create competitive offers and bidding strategies.
4. Offer Accepted
If your offer or bid succeeds, the real estate agent will provide a copy of the contract for sale, which you should give your legal representative to check. Once signed by both parties, the contract becomes legally binding.
5. Final Loan Approval
After your offer is accepted, we will get your final loan approved. You will be required to sign the final loan documents for the purchase price balance. We’ll handle all the work to get your loan formally approved by your chosen lender, ensuring a smooth and efficient process.
6. Insurance
Your lender will require you to obtain building insurance to protect your new property. We can help you understand the insurance requirements and find the right coverage options.
7. Final Inspection
Before the settlement date, arrange for a final property inspection. Thoroughly check that everything in the contract of sale is in working order and the agreed condition. This step ensures that your new home meets your expectations before finalising the purchase.
8. Settle Your Loan
Settlement happens when your deposit is transferred to the seller, and the lender pays the agreed loan amount on your behalf. We coordinate with all parties to ensure a seamless settlement process.
9. Get the Keys
Once settlement has occurred, your conveyancer or agent will notify you, and you can get the keys to your new home. This marks the exciting completion of your home-buying journey with Smartfinn Advisors by your side.
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What should I expect from a home loan Mortgage broker?
You can expect comprehensive support throughout the home loan process. Our home loan brokers provide personalised advice, handle all the paperwork, coordinate with lenders and solicitors, and offer ongoing support to ensure your loan remains suitable for your needs. We strive to make the process as seamless as possible.
What should I ask a home loan Mortgage broker?
When meeting with a home loan Mortgage broker, consider asking about their experience, the range of lender products they can access, their process for identifying suitable loans, and how they will support you throughout the loan journey. It is also helpful to ask for examples of how they have helped clients with similar financial situations.
How are home loan Mortgage Brokers paid?
Our home loan mortgage brokers typically pay through commissions from lenders once your loan is settled. This means there are usually no upfront costs for you. Your advisor will provide full transparency about any fees or commissions involved. However, it is at the discretion of the Mortgage broker to charge an upfront fee depending on the complexity of the application
What types of home loans are available?
We offer various home loan options, including fixed-rate home loans, variable-rate home loans, interest-only home loans, split home loans, and offset home loans. Our home loan specialists will help you understand each type and recommend the appropriate option for your financial situation.
How do I get started with a home loan Mortgage broker?
Contact us to schedule an initial consultation to discuss your financial circumstances, goals, and loan requirements. We will then guide you through the entire process, from loan pre-approval to settlement and beyond.
