Once you contact us, an appointment will be made for a finance consultant to visit with you. They will sit down and let you explain what you hope to achieve financially. It is a good idea to provide as much detail as possible in order for the consultant to get a good understanding of what products features and benefits you're after.

After the consultant is aware of your needs, they will then take down your personal information like  income, employment, assets & liabilities etc. This is to determine the best possible products for you. They will then explain these products in detail.

Now that you've chosen the right loan product with the help of your consultant, remember they are very experienced and can help make this decision easier by answering any questions or concerns you may have. We can now begin submitting the application to the lender.

The Application process is fairly simple; it involves you providing sufficient proof of your ability to repay the loan, including all current income, assets, liabilities etc. Remember these were used to help us determine the right loan product at the beginning. Once we have completed the application and you have provided the required documentation, your application is then submitted to the lender.

the application..

Once the valuation report and any other outstandings are received by the lender, they will then issue you with a 'formal loan approval' or 'letter of offer' to sign. Once they receive this back they will then issue you, your solicitor or our office with your actual mortgage documents.

Upon receiving your mortgage documents, you must read through them carefully, making sure you understand them. You will need to sign them and get them witnessed, usually by a Justice of the Peace (J.P.) or similar. Illawarra Finance Solutions can recommend a licenced conveyancor to you, if you so wish. You must then return them to the lender or their representative in a timely manner.

Once you have signed, witnessed and returned your documents to the lender or their representative, they will then start organising the settlement of your new loan. This will involve your new lender, as well as your solicitor or real estate agent, and any outgoing funders for refinance if applicable.

Once all parties are ready to go, settlement will then be affected and your transaction with us is complete. However should you have any concerns during the life of your loan that you are unsure of, or can not seem to resolve, please contact us and we will endevour to assist you.

settlement...