Important Steps in Buying a House

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Buying a house is indeed a daunting task, especially for first-time buyers. However, we have broken down a series of steps that you should consider when you buy a house.

Meet with a Broker

Meet with a broker who will assist you in buying a house. A broker will help you find a good loan that is suitable to you. The broker will help determine your borrowing power, loan repayments, and provide answers to your questions regarding the process.

Prepare Your Application

After finding the suitable loan for you, the next thing to do is prepare your application. Provide all the necessary details and documents such as proof of residence, valid IDs, bank statements, payslips, property documents, application letter, etc.

Wait for Validation and Approval

After submitting your application, the lender will validate, curate, and conduct a credit check. Lenders may provide conditional approval; therefore, it is important to stay in touch with the lender and your broker. Once unconditional approval is given, then your home loan application is approved.

Settlement of Your Loan

Your solicitor will organise the settlement money directly with your lender.

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