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.  

  • Evelyn T. Avatar
    Evelyn T.

    We have Liz in the last 7 years to help us with all our finance needs. She’s very detailed, thorough and very quick in processing... read more -

    Niz C. Avatar
    Niz C.

    As first home-buyers, Liz was absolutely fantastic throughout the whole mortgage broking process. Every meeting was informative and easy to understand. She helped guide us... read more -

    C L. Avatar
    C L.

    I have used Liz’s services a while back and also dealt with lenders directly thereafter.. several times. I found that Liz was the fastest, most... read more -

  • Kathy P. Avatar
    Kathy P.

    It took me a number of years to purchase my first home. Liz was so patient throughout this whole time, guiding me through the First... read more -

    Sabine T. Avatar
    Sabine T.

    We have been working with Liz and Onesite back in 2009 for our 1st purchase and very recently for another one. Liz provides you with... read more -

    Avayar D. Avatar
    Avayar D.

    Liz is an amazing mortgage broker and seems to be working 24/7 as she answers emails and sms very quickly at all times. She has... read more -

  • Chevy D. Avatar
    Chevy D.

    Andi was very highly recommended by a colleague and friend. From start to finish, Andi from OneSite has been very helpful and keen on answering... read more -

    Maria P. Avatar
    Maria P.

    We are very pleased with the service provided by Norman from OneSite Finance. Norman made our first home buying process a breeze through briefing us... read more -

    Glenn M. Avatar
    Glenn M.

    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 -

  • Nando T. Avatar
    Nando T.

    Liz was without a doubt an absolute pleasure to work with.

    She listens to what your needs are and finds the best possible solution.

    For my wife...
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    kane m. Avatar
    kane m.

    If Liz and her team can’t get you a loan nobody can,
    We gave them a challenge organising our entire loan during our cooling off period,...
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    Vivi S. Avatar
    Vivi S.

    Liz has been our mortgage broker since 2012. We appreciate her help in getting us the loan for our various property purchases, restructuring our loans... read more -

  • Bernadette M. Avatar
    Bernadette M.

    Liz is an amazing Mortgage Broker.
    5 stars doesn't do justice to the service that Liz and her team have provided.
    Through a challenging construction...
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    A G. Avatar
    A G.

    Liz has been excellent to deal with. She is highly knowledgeable on home loan products and which ones suited me and my personal situation best.... read more -

    Scott A. Avatar
    Scott A.

    Norman really took the stress out of the whole home loan process. Our circumstances were not straight forward so we found it incredibly frustrating trying... read more -

View more reviews at the OneSite Finance Google My Business page

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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[url=http://www.istockphoto.com/search/lightbox/9786622][img]http://dl.dropbox.com/u/40117171/business.jpg[/img][/url]

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