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.  

  • Melisa C. Avatar
    Melisa C.

    Norman Suryadi was outstanding in helping us to get a mortgage for our first home. He is a great broker with very good insight into... read more -

    Andrew C. Avatar
    Andrew C.

    Liz was absolutely fantastic helping me get my first home. She was recommended to me and by far one of the best decisions I could... read more -

    Craig M. Avatar
    Craig M.

    We were extremely impressed at the effort and time Liz was able to provide in assisting us with a construction loan through 2018. She was... read more -

  • Kate D. Avatar
    Kate D.

    I have had the pleasure of working with Liz when purchasing 2 different properties. Her attention to detail & efficiency are second to none! I... read more -

    Rex H. Avatar
    Rex H.

    Liz is one of the most professional and results-driven financial service provider I've ever worked with.

    My partner and I applied for a new home loan...
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    Natham J. Avatar
    Natham J.

    I found OneSite through an online search as I wasn’t happy with the previous mortgage broker I engaged to buy my first home. Liz and... read more -

  • Heidi Z. Avatar
    Heidi Z.

    Karen and Liz are two of the hardest working professionals I have ever had the pleasure of dealing with – these days it is... read more -

    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 -

    James Avatar
    James

    Norman has been assisting us for our first home purchase for the last 9 months. Never realized that the biggest spending is also the most... read more -

  • Cassandra K. Avatar
    Cassandra K.

    We thoroughly enjoyed working with Liz at OneSite and would absolutely recommend, especially if you are a first home buyer.
    We looked at a few options...
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    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 -

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    Laura G.

    We've found One Finance on google and decided to give it a try based on the amazing reviews. We were wondering whether the 5 stars... 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 -

    Brian M. Avatar
    Brian M.

    Liz and her team are fantastic. They have helped me through buying multiple properties and it has always been a great experience. Liz has deep... read more -

    John B. Avatar
    John B.

    Liz was fantastic and provided exceptional service to my wife and I on our construction loan. She was very responsive to all our questions /... 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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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