Why Choose Aussie?
What happens after I apply for a loan?
Here are six simple steps that outline what happens next – from paperwork to property!
Six steps home – The Aussie application process
- Once we complete your application, we’ll forward it to the lender you’ve chosen. They’ll review it and your Aussie Mortgage Adviser will call to let you know the result of your application.
- When your application has been approved, you’ll also receive confirmation in writing from the lender. Of course, your Aussie Mortgage Adviser is keen to make sure your home loan settles smoothly, so you can contact us at any time throughout the process. At this point, we’ll also put you directly in contact with your lender.
- The lender will then liaise with your legal representative to prepare your loan contract.
- When it’s time to sign your loan contract, we recommend that you discuss it with your legal representative first. Your signed contract and other documentation will be returned to the lender by your legal representative.
- When all parties are satisfied that the documents are in order, the lender will proceed with the settlement of your home loan.
- After your loan settles, you’ll receive confirmation in writing, including your loan details, repayment amount, repayment dates and contact information for any questions. We’ll also contact you again, just to make sure everything’s in order.
From this point, your lender will manage your day-to-day loan questions and customer service requirements. Of course, we’d be delighted to help you with any future loans or increases in your existing loan you may need.