Our team of experts is here to help access existing loan arrangements, interest rate, structure and the fees. The key factors for getting the refinance assessment done are
- The access of lowest possible interest
- The current interest rate in the market
- The loan structures
- The equity access for deposit in your existing property to either upgrade or buy an investment and or you can also sneak in a new car
How we work
1. Meet with a Mortgage Broker
We'll meet with you to understand your financial & lifestyle goals. We'll search through hundreds of home loans to find the one that's right for you, calculate your borrowing power, work out repayments and answer any questions that you may have.
2. Prepare the application
Once we've helped you choose the loan that's right for you, we'll help you prepare the application and guide you through the process.
3. Conditional approval
The lender will provide conditional approval while they organise the property valuation and conduct a credit check. We'll stay in touch with the lender and keep you informed along the way.
4. Unconditional approval
Unconditional (full) approval is formal acknowledgement that your home loan application has been approved.
5. Complete loan documents
Your loan is both a significant financial commitment and a strong financial foundation. We'll cover the cost of a discussion with our Mercury Home Loan and Finance financial adviser to help you manage your money through this major change, work out a plan for the future, and help protect what you're building along the way.
Once your loan documents arrive, we'll organise a time to meet and help you complete the document.
6. Loan settlement
If you're purchasing a property, your solicitor / conveyancer will organise settlement directly with the lender, according to the settlement date on the contract of sale. If you're refinancing your existing home loan, the lenders will liaise directly to exchange the documents.