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.
Is terms of a mortgage, it means a lender has given loan approval or provided funds to a borrower. Traditionally for a mortgage, money has been lent by institutions such as banks, building societies and credit unions. Each lender will have their own names for the different loans or accounts on offer. Ask about what they have tailored for students, young people or first homeowners.
A mortgage is a type of loan where real estate is used as collateral. A mortgage is used so you don't need to pay the entire amount upfront as well as to finance your home or an investment property.Learn More
The average time for formal approval takes about four to six weeks from submitting the application to your lender, to reaching settlement on the property.Learn More
If finance is not approved at the time the contract is signed, a finance condition must be included in the contract. Without a finance condition a purchaser is at serious risk.
If you exchange contracts without a finance clause and your formal approval falls through, you could lose your deposit and the vendor can sue you for damages.Learn More