The first thing you’ll need to do is talk to a mortgage broker. You’ll be asked a number of questions that a lender will ask – your employment history, your income, expenses, your long-term goals, for example. After this get-to-know-you, we’ll use the information to work out your potential borrowing power, and find the ideal loan product that will work for your needs. We’ll also explain all the various fees, charges and costs that are involved, to make sure you’re on the right track.

Now that you’ve selected your chosen loan, it’s time to apply. We will be right there to offer you a guiding hand through the process. We’ll let you know what documents you need to provide, and you’ll also go through the age-old ritual of filling out and signing a number of forms. We will then send off the application to the mortgage lender when it’s done and dusted. We will also keep you up to date on any and all developments with the lender.

Once the lender gets your application, the ball’s in their court. They’ll spend some time going through the information you’ve provided to make sure all the details check out and assess it against their specific requirements. They’ll also use a credit reporting agency to check your credit history. Once you pass, then congratulations – you’ve obtained pre-approval for the loan, and you now are ready to continue your property journey!