In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Once your home loan application has been submitted, the lender will confirm your identity and residential status, run a credit check on you to confirm any disclosed debts plus to make sure you have a good credit score and financial history, go through and confirm proof of your employment and assess your income documents provided are enough to be able to pay back the loan. They will also make sure the security attached to the loan is suitable and will order a valuation.
If the lender is happy with all these checks and the amount you would like to borrow is suitable to your financial circumstances, then they will issue ‘conditional’ approval.
