The home loan application process can feel a little overwhelming, especially when your first home dreams depend on a successful application.

At Mortgage Mantra, our goal is to take the stress out of the whole process which is why we believe the best option is to give us a call. We can visit you in person any time 7 days a week to explain the process and complete the application right there at your place. You can also apply online though we would still recommend completing your application in person to make sure every detail is correct.

As a first step, after your application has been completed and submitted to a lender, we obtain a pre-approval letter from a suitable lender which is basically a conditional approval.

The initial conditions could include submission of a copy of the sale and purchase agreement, a valuers report and any other conditions which will help the lender make a full unconditional offer letter available to you.

The pre-approval process normally takes between 5 – 7 working days. In exceptional circumstances, we are able to request the lender for a quicker turnaround time (between 3-5 days). We strongly recommend that you seek an early pre-approval of your borrowing limits so that the stress is avoided later when you have found the home you are looking for.