How does the mortgage process work?
What is the process behind applying for and settling a mortgage with hfinance
- Initial Consultation –
We work with you on your terms. Face to face meetings, phone, email, SMS. To understand your mortgage goals and objections.
- Present Credit Advice
Research available options from our panel of 30 Australian lenders. Present suitable finance structure & recommend credit advice and lending options.
- Lodge Application
Lodgement of the bank application, supporting documents & follow up with the bank on the progress of settlement.
- Formal Approval
We work with the Australian lender, to satisfy any outstanding issues to ensure formal approval is issued in a timely manner.
- Settlement
Supervise of the loan until settlement, liaise with other third parties involved to ensure settlement occurs and the transaction is closed off.
- Annual Review
Scheduled annual review of the current situation, to review financial goals and current loan products.
How does it work?
A hfinance mortgage broker acts as a middleman who brokers home loans between you and the lender.
hfinance mortgage brokers work with you to understand your financial goals. We then present multiple lending options that are aligned with your financial goals. hfinance has access to over 30 lenders, including the major banks. This adds up to hundreds of products available and a better deal for you.
We do the legwork on researching products on the market, and then support you from the application through to settlement.
hfinance can help you with
- Buying a new home
- First home buyers
- Expat loans
- Small business lending
- Reverse mortgages
- Refinance
- Self-employed home loans
- Personal loans
- Teacher loans
Is there a cost to use a mortgage broker?
Generally, there is no out of pocket expense to you, the client, as the broker is paid a commission by the bank at settlement. The exact dollar amount paid, is disclosed and presented to you at a selection of lender and application process.
Can I get a loan from my current bank instead of using a broker?
A hfinance mortgage broker can offer you the same deal (and sometimes even better!) as your local bank. hfinance will work hard to shop around for you to find you a great deal.
Everyone knows shopping around could lead to a better deal but it’s time-consuming, especially if it involves contacting a number of banks and lenders, this is where a mortgage broker can save you time and money.
What are some issues I may face when applying for a home loan?
Some banks and home loan providers require you to have a large deposit or be employed in the same job for more than 12 months.
Some lenders have restrictions on the type of security you can purchase or how they assess your income from overseas. A hfinance mortgage broker can examine all providers on their panel to find one that will fit your situation and needs.
When should I get in contact with a hfinance mortgage broker?
Right now! If you are reading this, you are already considering applying for finance. Even if you are not ready to apply for a loan straight away, a hfinance mortgage broker can advise and put you on the right track.
We are happy to visit you at work on your lunch break or at home after hours and are contactable via email and phone, even to give you an idea of your borrowing capacity.
Contact Us
Jeremy and Kirstie combined have over 10 years’ experience in the financial service industry. hfinance was founded to provide structured credit advice to individuals and businesses.
Passionate about the finance industry, the hfinance team takes great pride in finding solutions to best meet your goals and needs. To speak with our offices in Sydney or Gold Coast. Email info@hfinance.com.au or call 1300 928 227.
