First Home Owners 101: Loan Application Process

As first home buyers, we’ve all been there where we have endless questions about the home buying and finance process.

We’re here to make the home buying experience simpler and less stressful for you so you can focus on your massive milestone - buying your first home! This new series for first home buyers will take you on a journey of the ins-and-outs of getting a loan.

This is the process that our mortgage brokers at WestGen Finance will take you through:

1. 15 Minute Strategy Call
   Your broker will call you to understand your needs, goals and personal circumstances so they know how to best finance your goals. During this call, your broker will advise if you are eligible for any grants or LMI waivers.

2. Provide Documents
   Banks require specific documents for processing your loans so your broker will arrange for you to provide required documents. Here at WestGen, we use a secure online portal that allows you to conveniently upload documents from anywhere!

3. Recommendations
   Your broker will review your documents and prepare a loan product recommendation. We will arrange a further strategy call with you to make sure you understand the recommendation and make an informed decision.

4. Lodge Loan Application
   Once you’re happy with the recommendation and bank product, your loan application will be lodged within 24 hours, if not less.

5. Loan Approval
   Due to our relationships with banks on our panel, we are typically able to get your loan approved very quickly, sometimes within 24 hours!

Here at WestGen Finance, the team will liase with all revelant parties until settlement to ensure your property purchase goes through smoothly.

We will keep you updated on every step on the way.

If you’re ready to start your first home owner journey, book in for a strategy call with us here to get started!