REFINANCE PROCESS

Yi Fan trading as Surmount Finance ABN 70 648 868 508

If you are in a contract with bank and looking to switch to another lender, we are able to assist you in reviewing your financial situation and provides you available options from 30+ lenders. One of our responsibilities is confirming your financial needs in refinance (e.g. lower interest rate or cash out from your equity in property) to avoid financial abuse. As a one stop resolution base, we can save your time & effort in looking for appropriate mortgage product.

STEP 1

1Contact with us to discuss your current mortgage
At the beginning, we will collect information about your needs (e.g. looking for lower interest rate and/or cash out from your equity), objectives and financial circumstances (borrowing capacity & financial position) to build up your profile. Also, we will review your credit history by applying Credit Report on your behalf.
STEP 2

1Advise available options for your refinance
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.
STEP 3

1Valuation of your property
We will submit upfront valuation of your existing property to see the value then advise you whether there is any shortfall in refinancing, and if there is accessible equity in the property.
STEP 4

1Submit your application
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 assist you with the discharge form for previous bank. The retention team from previous bank may contact with you.
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
Settlement is processing with the back-end team normally doesn’t require your solicitor to involve. If the bank provide Cash bank offers, we will help you to apply for the cash back offers.

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