LOAN APPROVAL

The lender will notify your Finance Consultant if there is any additional information or special conditions that need to be met prior to approval being issued.  This is known as a Conditional Approval, these conditions may include:-

• Property valuation
• Mortgage Insurance
• Provision of additional loan statements
• Providing the property valuation is satisfactory and all other conditions have been satisfied, your loan will be unconditionally approved.

Once all conditions are met the bank will then issue an Unconditional Approval and loan documents will be prepared.