First home buying made easy.
The first time you buy a home can be daunting. But it doesn’t have to be, at Pinnacle Finance Brokers we can take you through every step of the process. What to expect when buying your new home:
- We collate and complete your application and then submit your application to the bank/lender of your choice.
- Once we have approval, we will phone you. This approval will sometimes require a valuation of the security property (if applicable).
- After all terms are met, the bank will notify us with an unconditional approval, in turn we will notify you by phone and then advise your solicitor by writing and by phone.
- The bank will prepare mortgage documents and send an outline of the loan to you, which you will need to sign and indicate the frequency of repayments.
- The bank’s solicitors will draw up official mortgage documents, which will be sent to you to sign. They will also need to be signed by a JP or Commissioner of Declarations (Pinnacle Finance Brokers has a Commissioner of Declarations in house)..
- Settlement can take place once letters of offer are signed and returned to the bank/lender, mortgage documents are signed, witnessed and returned to the bank’s/lender’s solicitor and you have a copy of home insurance certificate of currency
For some Australians saving the deposit for their first home is becoming increasingly difficult. Fortunately family equity home loans are helping many first home owners.
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