Platinum Mortgage Application Process
Even though the mortgage process in Batemans Bay will vary according to your financial circumstances, Platinum Mortgage Brokers will generally perform the following steps to find the most suitable loan products for you:Assess the Information You Have Provided
Once you agree to work with us, your mortgage brokers will gather essential information so we can assess your needs, which includes your assets, income, liabilities, employment records, credit file, etc.
Evaluate Your Needs
After collecting important personal and financial information, your mortgage broker will determine the type of home loan and product features that are most suitable for your circumstances. At this phase, the broker might establish the estimated loan amount, Loan-to-Value ratio and figure out which types of products are ideal for you.
Determine Your Borrowing Capacity
Next, your broker will assess your serviceability potential. We will also consider important factors such as your income, number of dependents, assets, and other information to estimate your borrowing capacity.
Provide Estimates on Deposits and Loan Costs
Aside from calculating the associated costs of getting a home loan in Batemans Bay, our brokers will also take you through alternative options such as accessing your home equity or choosing for a higher LVR. Your Platinum broker will also discuss the mortgage costs including stamp duty, application fees, insurance fees, and government charges.
Review Recommended Loan Products
We first try to understand your financial goals and circumstances so we can provide you the most suitable mortgage products and their features, rates, fees and charges. Once you choose the loan products that you are interested, we will start negotiating with your preferred lenders on your behalf.
Apply for Loan Pre-Approval
After you agree on a loan product, we will prepare the paperwork and arrange pre-approval.
Finalise Your Loan
After you accept a loan offer, we will keep track of the application and update you as soon as the offer has been approved. We will prepare a Letter of Offer for you to sign. We may also coordinate with your lender and your solicitor to set up a date for loan settlement.
Continuous Client Support
Through the whole process, Platinum Mortgage Brokers will provide you with continuous support and will try to answer all questions that you may have. As we strive to deliver exceptional service, we will keep in regular contact with you, make you aware of important issues associated on your loan application, update you on your repayments, and other important matters related to your mortgage process in Batemans Bay.