Initial Finance and strategy meeting
1. Meeting with Shape Home loan consultant: Our consultant will do a detail finance check on how much you can borrow, which features you may require for your situations: (1 day). Online or face to face.
2. Negotiate with possible lenders: We will negotiate and talk to suitable lenders; (1-2 days)
3.Supporting Documentation: We will collect supporting documentation on your finance, liability and asset so that we can apply for the loan or pre-approval.
4. Conditional Approval Phrase 1: Lender will do credit check and issue “conditional” approval, we will contact you with the confirmation, so you can shop around for your property (1-2 days)
Shop for your property and final approval
5. Valuation: A shape home loan consultant will instruct the bank to go ahead with the valuation once the sale contract is signed, a private valuation or a pre-valuation can be done prior to signing the contract but we will advise if required for your situation; depending on the property and price. (1-2 days)
Note: Free Upfront Valuation is possible for refinance deals to avoid unnecessary credit hits.
6.Valuation confirmed: We will advise you once the valuation is back and depending on the bank we may be able to give you a copy of the valuation report as well (Depending on the bank).
7. Bank may request for further documentation or information :Banks will do one last check and may ask for further information.
8. Loan approved
Resources
Property Investing Resources
Atlasid
Broken down into each council across Australia, it contains information on; Number of housing commission, population growth, Income level, household structure and basic analytic data from the census data.
On The House
List of past sales and property details
Homeone
A website and forum dedicated to the building, trade and construction industry.
Shape Home Loans broker- Michael Chan post on this forum on a regular basis – User Name- > Shape
Brisbane Flood map ( Interactive – Free)
Brisbane flood map.
Top school by ranking map
Top school ranking and other useful tools
Heat Map
Free online application that uses heat maps to visualise real estate prices and related data in Australia.
NSW crime map
NSW police crime statistics and crime hot spot map ( by streets)
QLD crime map
QLD police crime statistics and crime hot spot map ( by streets)
Shape Home Loans FaceBook Page
” Like” our page and keep up to date on the latest news about mortgage and property investing. With over 2,500 followers.
SQM Research
Property researching agency, provides free data on rental vacancy and average day on the market by region/postcode.
Property chat
Forum dedicated to property investing where new and advance investors can shares ideas.
Shape Home Loans broker- Michael Chan post on this forum on a regular basis – User Name- > Mick C
Vic Land GOV
Information and services about land and property located in Victoria, including property information, valuation information, FHOG, and buying titles and certificates.