The Financing Process
With so much choice, finding the right loan for you can be a complex and sometimes daunting process but you can be assured that ‘Premier Lending Solutions’ has the right solution for you.
For your peace of mind, the team at ‘Premier Lending Solutions’ will work with you to get you through the entire loan process and find the best option for you and your family.
Step One: Contacting ‘Premier Lending Solutions’
The first thing to do is contact a Lending / Mortgage Specialist from ‘Premier Lending Solutions’. We will help you to select the loan that is right for you and your needs. We will ask some general questions relating to your personal circumstances and offer some solutions. If you are still keen to proceed they will commence with the application.
Step Two: Prepare your Application
You can make an appointment with ‘Premier Lending Solutions’ to commence your application at a time and place that suits you. This service is absolutely free because we are paid by the lender and you can drop into our office or we can come to your home or workplace.
NOTE: If you qualify for the First Home Owners Grant (FHOG), ‘Premier Lending Solutions’ will help you with your application – these funds will become part of your settlement proceeds.
Step Three: Lodging the Application
‘Premier Lending Solutions’ will prepare and send an application to the lender on your behalf. Where the lender may have questions, ‘Premier Lending Solutions’ will contact you, only if they don’t have the information required on hand.
Step Four: A decision is made
‘Premier Lending Solutions’ will follow up the lender regarding the status of your application. This process could take anywhere up to 3 weeks, but generally you will hear from your lender within 7 days. The lender will indicate whether the application is approved or deferred. If deferred, they may request you provide them additional information, ‘Premier Lending Solutions’ will help you with all this.
Step Five: Formal Approval
The lender has formally approved your loan. This means that there are no conditions other than signing the documents. ‘Premier Lending Solutions’ will give you a call and a letter will be sent out.
Step Six: Loan Documents
The lender (or their solicitor) will prepare the contract mortgages for you to sign. Once you receive your loan documents ‘Premier Lending Solutions’ will go through them with you.
Step Seven: Settlement
Once the documents have gone back to the lender, they will be ready to settle. Your Solicitor / Conveyancer will then book the settlement. Your Solicitor / Conveyancer (on most occasions) generally liaise directly with ‘Premier Lending Solutions’ to obtain any necessary documentation to ensure a smooth settlement. Once settlement has gone through, ‘Premier Lending Solutions’ will contact you to advise you and you can commence preparing to move into your new home.
Step Eight: Follow up
Please do not hesitate to contact us after the settlement of your facility. We are always more than happy to help facilitate any other enquiries you or your family and friends may have.