At Total Mortgages, we know that navigating the mortgage landscape can be complex, and many clients come to us asking “what is the process of getting a home loan?”.
That's why we've designed a streamlined mortgage broker process to help you secure your dream home with ease. Let's walk through our step-by-step home loan process.
Our process starts with an initial discovery call. During the call, our team will get a basic understanding of your goals and requirements. We’ll also provide advice and feedback on how we might be able to help. We'll tell you a bit about the overall process, helping you understand what you can afford and how to improve your chances of approval.
From there we move into the Fact Find phase, where we’ll ask you to complete a statement of position via our online portal. This will only take about 15 minutes.
After pre-approval, we move onto the mortgage application process. Once you’ve completed your statement of position, one of our advisers will call you within two business days to review your details, making any necessary changes along the way. We will run some preliminary calculations to ensure we are able to assist you and give you the nod to proceed.
At this stage, we'll collect all necessary documents required by lenders. We simplify the home mortgage loan process by liaising with lenders on your behalf, eliminating the stress and confusion often associated with this step.
Key steps in this stage include:
Once the lender receives your application, the mortgage process moves into the approval stage. During this phase, lenders thoroughly review your application, verifying all the information provided.
Once we get to this point, we have a 90% success rate. We say to allow 5-10 working days for your application to be assessed by the lender. We’ll send you an update with the expected turnaround time; each lender’s turnaround times vary and changes on a regular basis.
After the lender approves your application, we'll guide you through the final steps in the process of getting a home loan. This part of the mortgage process includes explaining the terms of your loan, ensuring you understand every detail before signing any documents.
If you're considering refinancing your current mortgage, we've got you covered. Our team will guide you through the refinance process, helping you understand all the options available to you and ensuring you make an informed decision that suits your financial situation.
Here's why our process stands out:
At Total Mortgages, we believe in making your dream of homeownership a reality. Our mortgage broker process is designed to provide you with personalised service, expert advice, and a smooth, hassle-free experience from start to finish.
Ready to start your journey to homeownership? Let us guide you through the process of securing your dream home. Book a discovery call with us today.
Think of us as your personal mortgage and property finance guides. We act on your behalf to secure the best deal, with access to more lending options and cutting-edge technology to save you time. We’re registered on the Financial Service Providers Register and are advocates for our clients during the home loan process.
A mortgage is a significant sum of money, and getting it right can save you thousands in the long run. Remember, we live and breathe mortgages every day, so we can provide the answers to your burning questions and help you make informed decisions.
This is the best part – working with a mortgage broker generally comes at no cost to you. Our advisers are paid by the lenders, so let us do the hard yards to get you the best mortgage outcome.
Only a small number of our services may include a fee, such as some of our non-bank lending options, but our advice and meetings with you are without charge; you can read more about this in our disclosure statement.
That depends – do you want the hottest rate you can get, plus potential special offers and the best structure to suit your personal situation? Or are you happy to settle for what your current bank can offer? Working with a mortgage adviser also gives you added value, such as feedback on potential properties, strategies to get mortgage-free faster, advice on approaching auctions and more. It seems like a no-brainer to us!
A pre-approval reflects the maximum amount the bank is willing to lend to you. It gives you the confidence to start negotiating and secure that Sales & Purchase Agreement. However, it’s important to remember that a pre-approval is not a ‘done deal,’ and they do lapse after a certain period of time. Once you have an agreement in place, we will then work with you through the complex process of securing your home loan.
We typically find that the banks take between 5-10 working days, with the waiting period starting once we submit your application. Our state-of-the-art software and universal application are accepted by all our lenders, which dramatically speeds up our processing time. Do let us know if your application is urgent, and we’ll do our best to hurry the process along!
We have advanced technology that means you can sort your new mortgage from the comfort of your sofa. Documents are all submitted through our online portal, and we regularly work with clients over the phone or via video calls. It’s easy to book a call through our website and get the ball rolling!
It’s true – while we’re generally paid by the lenders, you’ll need to factor in the other costs involved in buying and selling property. While you might not need to account for all of these, expenses may include:
And for those selling and then buying, you’ll have marketing costs and a real estate agent’s commission (if you choose to engage one).
Simply use our ‘Book a call’ feature – we’re ready to chat with you and will first talk you through our Discovery process, which gives us an indication of your options.