Home Loan Application Process

Your Smartline Adviser will sit down and help you work out how much you can borrow, select the most suitable loan, explain all the details and work out your repayments. If it all sounds great, you can complete the loan form together.

Your broker then professionally packages your loan application with supporting evidence and lodges it with the lender you chose. The lender will assess your application, perform credit checks and let us know if they need anything else.

Once the lender is happy with everything, they'll let your adviser know that your loan has been approved. This is the time to organise building insurance, which you'll need for settlement.

Your lender will send you a loan offer for you to sign and return. This contract outlines the terms and conditions, including the interest rate, loan term and possible fees. If you have any questions, your broker can help.

Your lender will then send you (or your conveyancer) mortgage documents to be signed and returned. These include standard terms and conditions as well as the legal document giving the lender security over the property.

Your lender will liaise with your conveyancer to arrange settlement. The home loan will be ‘drawn down’ and the property will transfer into your ownership. Time to pop the champagne!