Getting a home loan

Are you thinking of buying a home or an investment property? Here’s a step-by-step guide on getting a home loan, including what information you will need. 

Getting a home loan is one of the most important financial steps that you can take. Whether you are getting a home loan for a new residence, an investment property, or refinancing, a bad decision can cost tens of thousands of dollars over the life of the loan.


With so many lenders and different loans on offer, getting a home loan can be a confusing process but it doesn’t need to be.

As with choosing any service, the first step is to research the market.

As the old saying goes, let your fingers do the walking and search online for the best deal.

Tools to compare

Compare our home loan rates and features to find the cheapest home loan that is right for you.

If you want to see how our home loan rates compare to other lenders and how much you can save check out our comparison tool to the other banks. This comparison uses data sourced from Canstar Research.

Pre-Approval

Once you have worked out the best home loan for your needs, you can progress to pre-approval.

Pre-approval, also known as conditional approval, simply means that you work out with a lender how much you can afford to borrow, and what home loan interest they are likely to give you.

It means that when the time comes for you to make a bid on a house, you are able to move forward quickly without hesitation. You can apply for pre-approval with loans.com.au.

Online lenders, such as loans.com.au, are particularly fast when it comes to approvals, because everything is done over the Internet. Start searching today for your loan at home in between searching online for houses.

Getting a home loan

Now it is time to find your property and make an offer. If you are successful in buying the property, you can move to the next step which is completing the home loan process with your lender.

Here you make a formal home loan application with all of your supporting documents.

Your loan is ready to go when a lender gives you a final letter of approval.

Just sign your documents, including your mortgage contract, and you are ready to go.

The final stage in the loan process is settlement, where your solicitor or conveyancer meets with your lender and the seller’s representatives to exchange documents. They organise for the money to be paid to the seller.

Congratulations – you succeeded in getting a home loan!

Our simple home loan process
Loans.com.au has revolutionised home lending through our end-to-end online application process which puts you back in control.

Using our unique process, you can progress your loan application at your own pace and your own convenience. Just follow the simple steps below to lock in a home loan with a super-low rate.


Our process from application to settlement

Our process from application to settlement

Start your application

Speak to a loans.com.au lending specialist

Login and upload your documentation

Property valuation ordered

Access your account online

Settlement

Loan documentation delivered

Loan approved

Start your application

Speak to a loans.com.au lending specialist

Login and upload your documentation

Loan documentation delivered

Loan approved

Property valuation ordered

Settlement

Access your account online

 
 

Start your application

Speak to a loans.com.au lending specialist

Login and upload your documentation

Property valuation ordered

Loan approved

Loan documentation delivered

Settlement

Access your account online

 
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