Getting organised upfront saves time
The most common reason applications get delayed is missing or incomplete documents. Get your paperwork sorted early and everything moves faster.
Step 1: Assess your financial position
Your broker will look at your income and employment, existing debts and expenses, and credit score. At this stage it's a soft credit check — no enquiry on your file.
Step 2: Gather your documents
Identification — Driver's licence, passport, Medicare card
Income — Last 2 payslips, most recent group certificate or tax return, 3–6 months of bank statements
Assets — Superannuation statements, share statements
Liabilities — Existing loan statements, credit card statements
Deposit evidence — 3 months of savings history. If receiving gifted funds, a signed gift letter. If using a guarantor, their financial documents too.
Step 3: Choose your loan and lender
Your broker presents the best lender options for your specific situation — not just the lowest rate, but the right combination of rate, features, serviceability, and lender policy.
Step 4: Get pre-approved
Documents submitted, credit check conducted, pre-approval letter issued. Valid for around 3 months — your broker monitors expiry and prompts you to renew if needed.
Step 5: Finalise your loan
Once you've found a property and your offer is accepted:
- •Final application submitted with property details
- •Lender orders a property valuation
- •Full assessment completed
- •Unconditional approval issued
- •Loan documents sent for signing
- •Settlement booked by your conveyancer — you collect the keys
