Mortgage Loan Application Process

1.

Enquiry and Fact Find

We will often do this over the phone, via email (to save you time) or at a meeting in our Wellington office.

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You tell us your home or property investment loan requirement.

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We ask you for some financial details - income, equity, rental income etc.

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We determine whether your home or property investment loan request is "bankable".

2.

Evidence your Financial Position

If your enquiry is “bankable” and you wish to proceed, we give you a personalised Financial Information Checklist that notes all the financial information you will need to evidence and give to a potential mortgage lender so they can consider your home or property investment loan application.

3.

Home or Property Investment Loan Requirements and Mortgage Lender Recommendations

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We discuss the specific requirements for your home or property investment loan.

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We recommend to you the three mortgage lenders that best meet your requirements.

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You complete the mortgage application and give us evidence of the financial information requested.

4.

Mortgage Application and Loan Offer

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We prepare your home or property investment loan application and submit it to your preferred mortgage lender.

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We receive your conditional loan offer and email it to you.

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We negotiate any changes you may want and/or satisfy any outstanding conditions (i.e. valuation etc).

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We receive an “unconditional” loan offer from the mortgage lender and you sign it in acceptance.

5.

Mortgage Documentation and Property Settlement

We email your lawyer the loan offer and a covering letter explaining the purpose of your loan.

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The lender prepares your mortgage documents and forwards them to your lawyer.

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We call your lawyer a week before property settlement to confirm your mortgage documents have been received and that all the relevant information is correct.

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If anything is problematic, we follow up with the mortgage lender immediately.

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You meet with a bank representative to open a bank account (if required).

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You meet with your lawyer to sign the mortgage documents.

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Your loan settles.

We call you on or after property settlement day to confirm every thing went smoothly.

6.

Annual Mortgage Review Meeting

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We will meet with you annually (or more often if required) to review your mortgage including fixed rates expiring, repayments and other terms.