PURCHASE PROCESS

Yi Fan trading as Surmount Finance Pty.Ltd ABN 70 648 868 508

It is important to talk to your mortgage broker before you enter into a purchase contract, particularly if you prepare to attend to an auction. One of our responsibilities is, as your mortgage broker, giving you advise of your affordability and lending product options to avoid potential financial hardship which means we make sure the mortgage loan product been selected is not unsuitable for you. In addition, we can provide you information about product costs & features from more than 30+ lenders from our channel which save your time & effort in looking for appropriate mortgage product.

STEP 1

1Contact with us to discuss about your financial situation
Contact with us to discuss about your financial situation – At the beginning, we will collect information about your needs, objectives and financial circumstances to build up your profile. Also, we will review your credit history by applying Credit Report on your behalf. Then we will advise suitable loans from different lenders. We will help you understand the benefit of each loan and what obligations you will incur under the loan. When you make your choice of particular loan product, we will provide Credit Proposal which includes features and costs of the loan. If you would like to apply for Pre-approval from lender, we can process at this stage.
STEP 2

1Find your property and make the offer
Once you start looking for ideal property, you can update us with interested ones and we will give you suggestion of proposed loan amount, monthly repayment of that loan, leverage required depend on your deposit fund and whether there is mortgage insurance involved. When you confirm the property is affordable, you can make your offer with real estate agent to purchase the property.
STEP 3

1Sign the purchase contract
We recommend you get independent advice from your solicitor before you sign the purchase contract. We also recommend you have “Subject to finance” clause in your contract to best protect yourself. Once contract has been executed by both parties, you can send it to us for upfront valuation.
STEP 4

1We submit the application to the bank
We pack your file and collect required documents, typically, Privacy and disclosure documents required by the lender. Then we submit the application to the lender. We will notify you the approximately time we expect to receive response. This Service-level agreement normally depends on the current application volume with the lender.
STEP 5

1Loan approved by the bank
Once the loan is formally approved by the bank, we will send you formal approval letter and you can notify your solicitor to execute the contract with seller. If bank requires additional documents or information, we will assist you and advise whether you need to extend your finance clause date.
STEP 6

1Sign the loan documents
After bank issues the loan documents, we will check their accuracy to ensure they are in accordance with your requirements. Also, we will advise you the requirement for signing the loan documents.
STEP 7

1Settlement take place
At settlement, bank will draw down the loan amount to the seller, and your name will be shown on the title.
STEP 8

1You can move in
We will give you follow up calls in regards to first direct debit payment date, and annually review of your existing loan products.

Quick & easy
loans for anyone

 
Apply now
众34城1

Peter Fan

+61 416 881 123

Contact

Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal; tax or financial advice and you should always seek professional advice in relation to your individual circumstances.

Surmount Finance Pty.Ltd ABN 70 648 868 508,Credit Representative 504277 is authorised under .Australian Credit Licensee 389328.