Contact Mortgage Empire Loan Expert to discuss your requirements and objectives. We will explain you various loan options, types, features along with their advantages and disadvantages. During our initial meeting, we will also provide you a copy of our Credit Services Guide.
Once you have completed Factfinder and provided all required supporting documents, we will research various loan options for you, which are suitable to meet your objectives, requirements and circumstances. We will outline top three products in our Credit Assessment Statement, which we will provide to you.
Credit Assessment Statement (CAS) will outline top three products which are suitable to meet your objectives, requirements and circumstances. We will also detail all applicable fees and charges so that you can make an informed decision. In the CAS, we will recommend you the most suitable loan product for your consideration.
Once you receive a copy of CAS, you need to review it carefully and make your selection. If you agree with the loan product recommended in our CAS, then you will need to return a signed copy of the CAS for your record.
Once we receive a signed copy of CAS, we will send the select loan product lender loan application, which you will need to sign and return so that we can apply to the lender.
Lenders have different requirements and in most case all lenders require valuation of property to be conducted by a valuation firm on their panel. You do not need to worry, we will organise this for you.
Once the lender has assessed your application and it has met all their lending criteria, including satisfactory valuation, your loan will be formally approved.
12. Send Loan Discharge Form To Your Existing Lender +
Once the lender has approved your loan, you should send a copy of completed loan discharge form to your existing lender. The existing lender generally requires 3-4 weeks’ time to get loan discharge documents ready. Mortgage Empire Loan Expert will hell you to complete loan discharge form.
Mortgage Empire Loan Expert will advise you, when your loan is formally approved. Once your loan is approved, you will receive loan documents, which you need to sign and return to the lender. Mortgage Empire Loan Expert will meet you in person and assist with this.
All lenders require you to have building insurance prior to settlement. Mortgage Empire Loan Expert will advise you the amount for which you will need to insure the property.
Home insurance is not required, if you are only purchasing vacant land.
