3

PREPARE

we prepare the application.

4

PURSUE

we pursue the lender for unconditional approval.

5

PRESERVE

we preserve our people and their pocket.

pre-approval. start here

a pre-approval, or sometimes known as an approval in principle, allows the borrower to obtain a pre-approved loan amount for the identified purpose. the pre-approval will have conditions and be subject to the purchase of a property before the expiry (normally 90 days). the pre-approval can be the result of a manual assessment, completed by a lender employee, or an automated decision, generated from the data entered in the application.

first home buyer. start here

a first home buyer is a borrower who is applying for a loan to purchase a first home that they plan to live in. as a first home buyer you may qualify for federal and state concessions, schemes and or grants that will be considered as part of your application.

purchase. start here

a purchase is an application for finance to fund the purchase of any property, new or existing, other than first home buyer. the purpose can be owner occupied or as an investment. the maximum borrowing amount offered by the lender may be affected by the type of property purchased.

construction. start here

a construction application is a type of loan that funds the build or renovation of a property. what makes this loan different is that the funds are released in stages that are aligned with the approved progress payment schedule. interest for a construction loan will be calculated pro-rata on the funds released to date rather than the entire loan amount approved upfront.

refinance. start here

refinance is an application to move from your current lender to a new one. most commonly requested as a result of a more favourable terms and interest rates being offered by an alternative lender. we encourage you to consider any exit fees on your current loan when looking at this option.

equity release. start here

equity release is a type of application that allows a release of funds from the equity available in your property. the funds released needs to be for an approved purpose and is subject to current loan approval criteria. equity release will require full financial assessment to confirm eligibility.

variation. start here

a variation loan applicaiton is a type of application to change (vary) your existing loan or product preference with your current lender. an example of a variation can be changing your repayments from interest-only to principal and interest or changing your loan from a variable to a fixed rate. variations may attract exit fees and require full financial assessment to confirm eligibility.

bridging loan. start here

a bridging loan application is a type of application that is offered by a limited number of lenders. it is time sensitive and allows you to purchase your next home while your current home is being sold. the proceeds from the sale of your home will be used to reduce your outstanding total debt to your lender.

pricing. start here

a pricing request is a request made on your behalf to your current lender to see if there is a lower interest rate available on your loan. the request is able to be actioned before or after settlement with lenders that offer a pricing service. where it is not offered, refinancing may be required to achieve a lower interest rate.