Your home loan specialist

Our Process

We have a methodical approach to our business. This allows us to deliver efficient and stress free results to our clients. We don’t make unrealistic promises. We focus on communication, full disclosure, realistic time frames and getting it done right the first time.

Step 1 – We ask questions to find out how we can help

We will ask you about your current financial position, your occupation, income & expenditure, your immediate needs such as the purchase price and expected loan amount and your plans for the future, To save you time, we usually do this over the telephone.

Step 2 – We determine your financial strength and suitability for a loan

After our initial interview, we will send you a list of documents that you will need to provide to us to enable us to do a number of tests. We will check your savings history, borrowing capacity, credit worthiness, your ability to repay your existing debts and the suitability of any proposed loan.

Step 3 – We discuss what’s best for you

At the end of the examination we will give you our findings. Together, we will discuss your financial needs, the expected costs, loan repayments, the type of loan and features that will meet your needs and how best we may be able to help you.

Step 4 – We tailor-make a solution for you

Once we have completed a Preliminary Assessment and established your suitability for a loan, we will match your specific needs and personal circumstances with suitable loan products. We’ll give you a written report that includes a Credit Guide, Quote and Proposal. Attached to this document will be a funding schedule, itemised costs, loan amount, repayment details, comparison reports, a product fact sheet, a fixed / variable interest rate fact sheet and a copy of our Preliminary Assessment.

If for any reason we believe that a proposed loan is unsuitable or you are otherwise ineligible for a loan, we will discuss with you the steps that we believe you will need to take to be eligible for a loan in the future. These steps may include repaying existing debt, implementing a savings plan and or helping you to set a budget.

Step 5 – We apply for a loan on your behalf

Once we have agreed on a solution, we will lodge a loan application on your behalf. If you have not yet found a property to purchase, we can arrange for a pre-approval. Then when you are ready to buy we will apply for unconditional approval for the loan. When the loan is approved we will send a copy of the approval advice and a funding schedule to you and your solicitor.

If you wish to exchange contracts for the purchase of a property but do not have a deposit as you are waiting for settlement of your existing property, we can arrange for you to purchase a deposit bond. This will enable you to exchange contracts immediately.

If you are eligible for a government grant, we can prepare the application and lodge it on your behalf. The grant may then be paid at settlement.

Step 6 – We check your loan documents & liaise with your solicitor

When your loan is approved the lender will send you a letter of offer and other loan documents. We will check them for you and arrange for you to sign them and return them to the bank. If you wish, we will send them to your solicitor. We will also retain a copy on file for future reference.

Step 7 – We provide on-going support after settlement

Our services do not stop when your loan settles. We will provide you with client newsletters, on-going advice and assistance with things like loan top-ups, product switches and fixed and variable loan splits. We can also review your finance needs as your situation changes.

Step 8 – We can refer you to a financial planner & other trusted professionals

Income protection and life insurance provide important security for you and/or your family. We can refer you to a financial planner and other trusted professionals such as solicitors, accountants and real estate agents who work with many of our clients.

Make an appointment to discuss your needs today on 0412 644 366

Disclaimer: The advice provided on this website is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. Lender Select Financial Services disclaim all and any guarantees, undertakings and warranties, expressed or implied, and shall not be liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or consequential loss or damage) arising out of or in connection with any use or reliance on the information or advice on this site. The user must accept sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information on this website is no substitute for credit advice. Lender Select Financial Services are authorised to arrange loans under the National Consumer Credit Protection Act 2009 (NCCP Act). We are not licensed to provide accounting, taxation or legal advice. It is important you understand your legal obligations under any loan and the financial consequences. If you have any doubts, you should obtain independent legal and financial advice before you enter any loan contract. If we arrange a loan for you to purchase or refinance real estate, you must make your own enquiries about the value of the real estate and its potential for future growth.

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