What is the process when working with a mortgage broker?

Making a large purchase, such as property, is an exciting time. Sorting a loan for the property can also be very time consuming and involve a lot of back and forth with the lender. When you choose to work with a mortgage broker to get your loan, you can save yourself time as well as money.

Loan Market Canberra has mortgage brokers in Belconnen, Tuggeranong and Braddon to help you achieve your financial goals, with less hassle. 

 

Our mortgage brokers in Belconnen

Our mortgage brokers in Belconnen are located at 32 Cohen Street, near the Westfield. You can visit the team in the office or arrange a video or phone call with your broker at a time that suits you.

Our mortgage brokers in Tuggeranong

Our mortgage brokers in Tuggeranong are located at 146 Scollay Street in the Ray White Tuggeranong office. Our brokers are available to help clients that are looking to purchase or sell homes with the Ray White team, or completely independently. 

 

Our mortgage brokers in Braddon

Our mortgage brokers in Braddon are located at 1/32 Lonsdale St in the Ray White Commercial office. Our brokers are available to help clients that are working with the Ray White Commercial team, or independently. 

 

What are the steps when getting a loan through a mortgage broker?

Whether you are working with our mortgage brokers in Belconnen, Tuggeranong or Braddon, the process to take out a home loan will look the same. The process includes:

• Tell us about your goals - this could be to buy your first property, next property, grow your investment property, etc.

• We do the legwork - we review your situation and determine your borrowing capacity before providing our recommended strategy and shortlist of loans.

• Make your selection - you choose the product your prefer.

• Apply for pre-approval (optional) - we collect the information we need to arrange a pre-approval with your selected lender.

• Find the property you love - you can search for a property using the knowledge of where you stand financially.

• We do the paperwork - when your offer on a property is accepted, we do the legwork for you to get your loan application across the line.

• Approval - we liaise with your lender to check in and do what we can to get your loan approved.

• Pre-settlement - we work with your solicitor or conveyancer to satisfy your purchase contract. We check settlement has been booked with all parties and everything is running smoothly.

• Settlement - we do what we can to make sure all parties are aligned and the transaction happens on settlement day so you can collect the keys.

• Annual review - it isn’t a set and forget situation. We regularly check in to make sure your loan continues to work hard for you.