Because more savings can be found as you build your property portfolio, we’re on your side. Every time. Sphere Home Loans.
Building a property portfolio increases the opportunity to reap rewards.
The Sphere Home Loans team:
helps you formulate a cohesive strategy across your borrowings
assists with loan consolidation
finds the most competitive rates
works alongside your accountant to structure loans in the most effective way.
The Property Process
There are 2 phases in our process
Phase 1: Prior to submitting your application
Phase 2: Application submitted
Phase 1: Prior to submitting your application
First Contact - Initial discussion to understand what you’re looking to achieve.
Online Application - Capture personal details, requirements & objectives along with supporting documents.
Options Researched - Review/preparation of lender options based on previous steps.
Present Lender Options - Present and discuss lender options and make a decision on your preferred Lender.
Prepare Application - Preparation of your Application, Lender Pages & Compliance Documents.
Credit Proposal & Lender Forms Signed - Credit Proposal (outlining loan structure) and lender pages will be sent to you for signing.
Application Submitted - Application submitted to the Lender once signed lenders pages are returned.
Phase 2: Application submitted
Conditional Approval: The bank assesses your application and provides you with a Conditional Approval for loans without property. We inform you of your Conditional Approval and advises you of any additional requirements requested by the lender.
Note: your preferred lender may request additional documentation from you at this stage.
Unconditional Approval: Once you have found a property we organise a lenders valuation and inform you when the valuation has been completed. Sphere Home Loans then organises your formal/unconditional approval once all settlement conditions have been met. The lender issues your formal approval and we inform you of your Formal Approval.
Loan Documents: Mortgage documents are issued by the lender and we arrange to have them sent to you electronically or via mail (depending on the lender) or organises to meet with you to offer sign up assistance. Sphere Home Loans works with you to have the signed documents checked and returned to the lender for settlement preparation.
Loan Settlement: We work with your solicitor to ensure that settlement occurs smoothly and without delay.
It's never too early to speak to a broker
We help you understand how:
quickly you can grow your property portfolio
equity can be used across your investment portfolio
the strengths in your borrowing history can be used to find competitive mortgage rates and terms.
Chat to our expert team of mortgage brokers if you are :
buying a second property as an investment
expanding your investment portfolio
seeking to understand all of the savings opportunities across your increasingly complex investment property portfolio
seeking to grow your investment portfolio faster, but are facing some barriers.
It’s free to talk to our expert mortgage brokers. Call us now.
The Sphere Home Loans team helps you:
