Whether you want to invest or refinance, buy your first home or ensure your current home loan is still the right one for you, we can help.
To start the ball rolling, why not complete the information gathering sheet and fax or email back to us now!
Home loan fact sheets
From 1 January 2012 lending institutions must provide home loan fact sheets on request.
- Home loan fact sheets provide a standardized layout of information for a loan you are considering.
- Because lenders will provide you with information in the same way, it is easier to shop around and compare loans.
What the Key Facts Sheet gives you
The Key Facts Sheet will summarise the key facts about a standard home loan, such as interest rates, the total cost of a loan, monthly/annual repayments and an explanation of how monthly repayments will be affected if interest rates increase. For information go to Australian Banking Reforms website.
Here is an overview of the mortgage process, for your information, and Equity Express' service commitment to you :
· Application is submitted
· Application is reviewed by the Lender for Approval
· Loan is conditionally approved
· Loan is formally approved
· Loan contracts sent
You can expect that Equity Express will contact you at these points of the process:
We will make you aware that your application has been received.
If loan assessment requires additional information, we will call you immediately outlining the situation and coordinating a process for collecting additional data/material.
Upon “conditional approval” we will advise you. Be aware that this is not a “formal” approval but a very strong indication that subject to …(valuation etc) your loan will be formally approved.
We will continue to call / e-mail you at each of the above process stages or whatever variation of this you may prefer (until settlement).
You can also expect to hear from us at settlement to signify the successful conclusion to your mortgage application process.