Application Process

Once you have agreed to take out a home loan or investment loan, there is a flow of activity that is generally consistent with every loan process.

Depending on the complexity of your situation, the time from the initial meeting to a final approval will take anything from 1-3 weeks. More complex situations such as self-employed or mortgage insured loans will typically take longer than a straight forward PAYG purchase or refinance application.

Below is a step-by-step indicator of what you can expect.


Your first appointment with Buurman Finance Solutions (BFS) will usually take approx 1 to 1.5 hours. At this appointment we will discuss your needs, borrowing capacity, loan options and general information regarding interest rates and fees. We will collect your financial information and make a recommendation. We will also advise the likelihood of approval from the lender and advise the timeframe expected for your application.


Sign the application documents prepared by BFS. This may be via email or at a 2nd appointment.


Application is submitted by BFS to the selected lender. Lender conducts credit and employment checks and any other necessary enquiries such as a property valuation. Lender assesses all data and provides conditional approval or requests further information if any concerns are identified.


BFS will advise you directly of conditional approval of your loan application. The conditional approval may be subject to supplying further information.


Once the lender has finalised the decision for your application BFS will advise you, the real estate agent and settlement agent of unconditional approval.


Lender prepares loan contracts and mortgages and posts to you or BFS.


Your BFS representative will meet with you to review and sign loan contacts. BFS will return these to the lender and liaise with the lender, settlement agent and you to ensure settlement timeframes are met.


Settlement is completed. BFS will follow up to ensure all instructions provided to the bank are set up correctly.

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Application Process
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