If you haven’t borrowed money to finance a property purchase lately, you’ll be surprised how easy Blue Sky Financial has made the process.

At the loan appointment stage your Blue Sky Financial Consultant will help you select a loan that is right for you, explain all the details of your chosen loan and help you complete the loan application form.

2. Loan Application

We will professionally package your loan application with the supporting evidence and then lodge it with your chosen lender. The lender will then assess your application, advise if more information is required, perform their credit checks and, if necessary, arrange a valuation of your property and organise mortgage insurance.

3. Approval

The lender will then be in a position to advise us of unconditional approval of your loan. We will let you know as soon as we receive this information.

At this stage, you will need to organise your building insurance, which will be required for settlement.

4. Loan Offer

The lender will send you a loan offer. The loan offer is your loan contract and outlines the terms and conditions of the loan, including the interest rate, term and the range of possible fees.

When you receive the loan offer, you will need to check it, sign and send it back to the lender. If you have any queries about the contract offer, just give us a call and we'll help you.

5. Mortgage Documents

The lender will send you (or your conveyancer) your mortgage documents to be signed and returned. The mortgage documents include the lender’s standard terms and conditions as well as the legal document giving the lender security over the property.

6. Settlement

The lender will liaise with your solicitor or conveyancer to arrange for settlement to take place. With settlement, all monies are disbursed, your loan will draw down and the property transfers into your
ownership.

Congratulations you now have your new home!