What happens next

Finance Tactics make it easy. We will guide you from start to finish, and best of all it’s a FREE service.

Sit back and relax.
Let us do all the hard work!

When you are ready to go ahead we can put together the complex loan application and manage all the correspondence.

The first step is for you to provide us with an overview of your situation and requirements. Once we receive your completed questionnaire, it is likely that we'll contact you to discuss your situation and our advice further.

Although each loan transaction is unique, most applications for mortgage finance involve seven clear steps to completion. See the flow chart that demonstrates the process for a typical mortgage transaction.

Mortgage Process Flowchart

What to bring with you

Although each lender has slightly different requirements, this checklist gives you a good idea of what to bring to your meeting with Finance Tactics.

Identification

  • Passport OR Birth Certificate; AND

  • Last 2 group certificates; OR last 2 ATO tax assessments

Income information

For PAYG/salaray earners:

  • 2 recent payslips; OR bank statements showing pay deposits and a letter from your employer; AND

  • Driver’s Licence

For self-employed applicants:

  • Last 2 years personal tax returns; AND

  • Last 2 years ATO notice of tax assessments; AND

  • Last 2 years company returns

Costs to consider

Now is a good time to start thinking about the different costs that may arise.

Lender Fees

  • Application Fee

  • Valuation Fee

  • Lender’s Mortgage Insurance Fee (for loans greater than 80% loan-to-value ratio)

Lender Fees

  • Application Fee

  • Valuation Fee

  • Lender’s Mortgage Insurance Fee (for loans greater than 80% loan-to-value ratio)

Government Charges

  • Stamp duty on the purchase

  • Mortgage registration

  • Transfer Fee

Other Costs

  • Conveyancing – your legal fees

  • Financial advice

  • Removalists

  • Any adjustments in rates and taxes

Make an appointment

As each situation is different, Finance Tactics would be happy to provide you with an estimation of your likely total costs, based on your requirements and furthermore, show you how to keep these costs down.

Contact us today so we can organise a suitable time to discuss your needs.

Make an appointment
Photo by Debby Hudson on Unsplash