John Morley, Finance Partner
The proof of my commitment and professionalism to my customers is proven by the repeat business I enjoy from those existing customers and their willingness to refer me to their families, friends and business colleagues. I work for you, that means I manage all the interactions between you and the lenders available to you to achieve the outcomes you want. As your personal Finance Adviser, I will meet you and discuss your finance requirements and goals to ensure that you get the results that work for you and your personal and business goals. I work for you and that means I am available to assist you at any time even if that time is on weekends or late in the evening. I do this because I understand the importance of getting your finance organised as efficiently and effortlessly as possible and also because we know how difficult it is for busy people to work within a 9 to 5 timetable.
Get in touch with John
Getting a loan, what you need to know about.
There’s a lot to think about when you’re looking for a loan. If you haven’t done it before the process can feel a bit daunting. That’s why we’ve put together this guide to help you understand every step – and what to expect.
Understand your goals
The first step is knowing your goals and finding the right loan to get you there. This will impact the type of finance that suits you and delivers the best value. I can work with you to strategically consider and identify your goals.
Work out how much you can borrow
Our next step will be working through your borrowing capacity. Online calculators only give you an estimate of what you can borrow, which could be very different from what is actually available to you. I can help you figure out the exact amount you should borrow based on your circumstances. I’ll also work with you to calculate your deposit or other guarantee options, and what it will cost you to borrow and buy a property. Additional questions you might have is, what factors affect how much I can borrow? What costs should I keep in mind? Many things will impact how much you can borrow, so let’s talk specifically about your life to get a clear picture of your financial position.
Review your finance options and apply for pre-approval
There are a wide range of loans available to you, and with access to over 30 different lenders, I can help you find a loan that suits your circumstances. It’s always best to apply for pre-approval before you find the property you want to buy, so you’ll be ready when the right opportunity comes up. You’ll need to fill in an application for pre-approval, which will ask for proof of your income and debts. I can help you with this.
The pre-settlement period
Once your offer has been accepted, you’re in the ‘pre-settlement’ period. I’ll work with the lender to schedule a settlement date and will then work towards finalising all your paperwork. I’ll keep you in the loop at every point about the progress of settlement. You can also use this time to organise things such as movers, utilities and direct debit payments. I’ll let you know how to get the most out of pre-settlement.
What happens during settlement?
Settlement is the period when your loan is set up and money transfers from your lender to the seller. It’s very important not to miss your settlement date as you’ll likely have to pay a hefty interest amount for each day you go over the agreed settlement date. Your first repayment is typically due one month after settlement, so you’ll need to set up a process for payments.
Reviewing your loan
It’s important to make sure that your loan continues to deliver for you. As your life and circumstances change – or interest rates move – a different loan may be a better option. I’ll be in touch with you on the anniversary of your loan every year to check in and make sure you’re still getting the best from your finance strategy. Buying a property and getting a loan should be one of the most exciting times of your life.