If you want to access better deals on your home loan, you’ll need to find a mortgage broker who knows all about refinancing.
Lucky for you, that’s our specialty.
It can be hard to know which home loan will be best for you in the long-term.
With the help of a mortgage broker, the process can be made simple.
An independent mortgage loan broker acts with your best interest in mind.
We aren’t swayed by the banks and what they want to get out of your loan.
Our job is to do everything in our power to get you the best loan possible, it’s as simple as that.
Our Loan Process
1. Fact-Finding Interview
Once you contacted us, we will endevour to get in touch with you to arrange a meeting to complete fact-finding which enable us to understand your financial position & requirement. You will receive our Credit Guide & Privacy Consent to review and sign including the Credit Quote which outlines any fees we may charge if applicable.
2. Complete Full Assessment
When the fac-finding is completed, we will request supporting documents including your financials to assess your file to find a best-suited solution & recommendations. We have a streamlined process which digitally engaged to collect documents via our portals.
3. Present Recommendation
Once we have completed the full assessment on your file, we will present you a minimum of three potential lenders with a recommended solution to your financial requirement. You will receive the Statement of Credit Assistance (SOCA) to review and sign as authority to proceed with the recommended lender to apply.
Once you have reviewed and signed the SOCA, we will prepare the loan application for you to review and sign before we submit to the recommended lender. Once the loan application is signed by the applicant(s), then we will apply through our system to the lender along with the supporting documents.
Once the loan application is submitted, the lender will assess the application for a pre-approval. Sometimes, the lender may request additional information or up to date documents if needed. The applicants will be notified once the pre-approval is granted by the lender.
A pre-approval is valid for 90 days or otherwise advised by the lender.
6. Formal Approval
Once the applicants receive pre-approval, you have enough time to find a property that you like to purchase or build by signing a contract of sale (COS). Once you signed the COS, please forward a copy of the contract to us for attaching to the loan application with the lender to assess further for formal approval. Formal approval is also known as unconditional approval as well.
7. Issue Loan Documents
When the lender is satisfied with the documents provided and any conditions met with the loan application with the unconditional approval, the loan documents will be issued to the applicant(s) to review and sign.
Please note that the loan documents are legally bound documents and you should seek legal advice if not sure before you signing them.
8. Settlement & Post-settlement Follow Up
When the reviewed & signed loan documents received and verified by the lender and its solicitors, the loan settlement is booked as required. ASA Mortgage Brokers consultant will provide all the support you need through out these steps to make sure you are on top of things with your loan application.
Once the loan is settled, we will follow up with the experience & post-settlement requirement you may experiencing with the new lender. We are also committed to conduct regular reviews on your loans to keep you up to date.
We Care About Our Customers
Excellent service from start to finish. Was very quick to get the best rate on the market and all my calls were either answered or called back within the hour.
I used his service for refinancing our properties and I received the best rate. Thanks, Anupa!
The service provided by ASA Mortgage Brokers was excellent. Throughout the process, he has kept us fully up to date with the whole process and ensure that we were advised of any requirements form the lenders.
Thank you for helping us to land on our dream home.
We got good advices and were kept updated throughout the process. He took the stress out of arranging a mortgage and always provided the best option for us. I’m extremely happy with the service I received and would definitely recommend ASA Mortgage Brokers for home buyers.