Finding your dream home can be one thing. Getting a home loan can sometimes be another. To help make sure the process doesn’t become a process, Pepper has created 4 simple steps when it comes to getting a home loan.
The first thing we do is take the time to listen and understand your needs because your unique circumstances are important to us. Once we identify your needs we will discuss your personal finances to learn about your current financial position, this discussion will cover topics surrounding your income, expenses, assets and liability positioning, and your credit history.
Following on from our ‘Chat’ we will review and assess the documentation you have provided us to validate your financial position. Following a successful assessment we will issue you with an Approval in Principal letter and instruct an independent Valuer to inspect your proposed property to validate the estimated value or purchase price.
Once all the ‘Checks’ have been satisfied you will be issued with a Formal Approval. We’ll send you a copy of the loan agreement, which details the term and conditions of the loan.
All that’s left is for you to sign and settle. You’ll need to review and sign your loan documents, while we prepare and confirm your settlement date. The settlement day represents the beginning of your new home loan and when you officially start your financial journey with Pepper.
All applications are subject to Pepper's normal credit assessment and local suitability criteria. Terms, conditions, fees and charges apply. Terms and conditions apply to all loan features.
This article provides you with factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Neither Pepper nor its related bodies, nor their directors, employees or agents accept any responsibility for loss or liability which may arise from accessing or reliance on any of the information contained in this article. For information about whether a Pepper loan may be suitable for you, call Pepper on 13 73 77.