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D
A
Y |
The Home Loan Process |
| 1 |
Step 1 |
Meet the Client |
- SDLL identify your lending needs
- YOU are invited to a client interview to
sign privacy forms, we gather your details,
- YOU complete
assets & liabilities form (statement of position)
- SDLL declare their commissions and present you
a statement of their accreditations.
|
| 2 |
Step 2 |
Application Process |
- SDLL collects your Financial Data - statement
of loans and credit cards, 100 points of ID, pay slips,
group certificates, tax return, ATO assessment
- YOU attend up to 3 appointments
- SDLL sources a variety of lending options
- Present you with 3 suitable options + details
of each option disclosed
- YOU give the loan process the 'go ahead'
- SDLL attends to online Loan Application process
- YOU sign the paper work
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3
4
5 |
Step 3 |
Conditional Approval |
- Conditional approval is given by the lender subject
to valuation and a number of conditions. All property
purchases require a valuation.
- SDLL advise between YOU, your solicitor and
perhaps the builder
|
6
7
8 |
Step 4 |
Valuation |
- Lender gives Conditional Approval (subject to
a valuation & a number of conditions)
- SDLL order valuation
- SDLL gather conditions
- SDLL submit to lender
- SDLL process approvals from lender
|
9
10 |
Step 5 |
Unconditional Approval |
- SDLL ask lender to arrange a letter of offer and
all mortgage documentation
|
11
to
20 |
Step 6 |
Sign up |
- YOU sign documentation witnessed by a JP
- YOU arrange insurance
- SDLL collect documentation returned to them
|
21
to
30 |
Step 7 |
Loan Settlement |
- Solicitor and Lender arrange settlement
|
| 31 |
Step 8 |
Key to the Door |
- YOU get the keys to the door
- SDLL celebrate with you
- SDLL request feedback on their performance from
you
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