Home Loan Application Process

The 8 Steps To Applying For a New Home or Investment Loan

This guide will walk you through the 8 major steps involved in the Home Loan Application Process.
The same process applies whether you are looking for a home or an investment loan. Whether you are purchasing a home, purchasing an investment property, or wanting to refinance an existing loan.

1 - Initial Meeting

At our initial meeting, we need to find out what your goals are. What are you trying to achieve?

Both right now, as well as in the medium to long term.

At this stage, the information you provide goes towards helping us create a detailed plan to help you achieve your goals.

The OneSite Finance Process

2 - Research & Review

Once we've defined your goals, we will go away to study the market and research a number of options. The options are all summarised in a plan that will outline how each option will help you achieve the goals discussed at the initial meeting.

Once the plan is discussed, and the different options are presented, we then help you select the most suitable of these options. This includes identifying the loan or finance product that most suits your situation and structuring the loan facilities to achieve your desired goals. 

Home - Kitchen & Living

3 - Negotiate With The Bank

Once the loan product is identified, we will negotiate with the Lenders on your behalf in order to see if we can get better than standard terms.

The Lenders we work with value and trust our judgement elevating us to the status of trusted partners. Being trusted partners allows us to:

  • Negotiate better rates for our clients - We get access to product discounts that are not available to the general public.
  • Ask for upfront property valuations - Most banks reserve this for only a handful of their top brokers. When the clock is ticking this could be the difference between purchasing your dream home, and missing out.
  • Negotiate and present challenging or non standard deals - Brokers without elevated access simply do not get to do this.
Community Group

4 - Collect Documents

At this stage, we collect various pieces of information and documents to allow us to submit your Loan Application. Some of the documents we'll be asking for include:

  • Identification documents - Passport, Drivers License, Medicare Card and so on.
  • Payslips - The bank wants to understand how you will be able to pay back the loan.
  • Bank Statements - The bank is looking at how much you spend, and how much you save each month.

We value your privacy... All your documents are stored securely in our industry leading, state of the art cloud based systems.

5 - Submit Application

Once all documents are collected, we complete the application forms and meet with you to check and sign them. We then submit the application to the Bank or Lender and manage all the correspondence on your behalf.  

  • So T. Avatar
    So T.

    When I refinanced from State Custodian to CBA last year with Andi's help, I got very competitive rates. Andi was willing to travel more than... read more -

    Tim H. Avatar
    Tim H.

    Approaching the home loan process we were unsure whether to engage a mortgage broker to assist but we're so glad we did. Liz was great... read more -

    A G. Avatar
    A G.

    Liz has been my mortgage broker for several years now and I cannot recommend her and OneSite enough. She secured a loan for me for... read more -

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    kat w.

    We were recommended Liz from OneSite as we are under special circumstances (myself on a 444 visa, and partner on a 461) and she was... read more -

    Mike Avatar
    Mike

    Liz from OneSite is incredible. After having her help us find a mortgage that is right for us, I am actively recommending her to my... read more -

    Kyaw O. Avatar
    Kyaw O.

    I don't usually leave reviews ,but my experience with OneSite Finance deserve it . It was perfect from start to finish. Liz & Karen are... read more -

  • Ashwanth F. Avatar
    Ashwanth F.

    We just purchased a house through Liz's mortgage broker service. She is a star performer who worked relentlessly through our mortgage needs and gave us... read more -

    Joe s. Avatar
    Joe s.

    Liz is a super efficient and helpful broker. She was available 24/7 to answer any of our questions which I am sure you will not... read more -

    Anthony A. Avatar
    Anthony A.

    We have been working with Liz for over 10 years as a mortgage broker with loan financing and re-financing and I always appreciate her updates... read more -

  • Michael I. Avatar
    Michael I.

    Such a great experience! From the very first meeting Liz clearly communicated with us and gave us excellent advice. She is very quick to respond... read more -

    A G. Avatar
    A G.

    Liz is a super efficient and helpful broker. She was available 24/7 to answer any of our questions which I am sure you will not... read more -

    Gabrielle M. Avatar
    Gabrielle M.

    Liz helped us from start to finish with our home loan and we cannot thank her enough! Liz supported and educated us along the way... read more -

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    Bertrand G.

    We have been in touch with Liz and OneSite for more than a decade now. Liz has always been excessively professional and responsive. She has... read more -

    Melody C. Avatar
    Melody C.

    5 star customer service, professionalism and outcome!

    Liz Zaki was amazing in helping us with our not-so-straightforward refinancing needs.

    She was honest, persistent, courteous - really sets...
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    Rina A. Avatar
    Rina A.

    Liz was extremely helpful with my recent investment property purchase. She was very efficient and organised. My loan application was approved on time and she... read more -

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6 - Application Approved

Congratulations. You're loan is approved. We will correspond with the Bank on your behalf and ask them to issue the final Loan Documents for signing.

Once the Loan Documents are printed, we will review them to ensure the Bank hasn't missed anything. We will then go through them with you and ensure they are completed and signed correctly.

The documents are then sent back to the Bank for Certification.

Business people closing the deal by shaking hands. 

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7 - Loan Settlement

The Loan Documents are certified. We're almost there.

If you are purchasing a property, your Solicitor or Conveyancer can now book the settlement. Once settlement occurs, the Bank will provide the funds required to complete the purchase.

If you are re-financing an existing Loan, the new Lender pays out the old Lender and we can close out the old Loan. 

8 - Ongoing Support

Unlike other Mortgage Brokers, OneSite's service does not stop once your loan settles. We'll review your loans periodically to make sure you are still on the best deal possible

We also run a number of educational workshops and seminars throughout the year to present. We invite a number of industry experts to present on a number of topics in and around the property, investment and financial planning space.

Enquire Now. Book Your FREE Home Loan Strategy Session

Discover how to get the right home or investment property loan and save years and thousands in repayments, fees and taxes