WHO WE ARE
Established in 2001 Principal Mortgages has evolved to become a respected, no-nonsense mortgage broker which has a track record of negotiating deals for clients that are far superior to those available to the public.
Our brokers are all highly qualified individuals and are Approved Credit Adviser’s with the
Mortgage and Finance Association of Australia.
SOME OF OUR LENDERS
PRINCIPAL MORTGAGES ARE NOT RELIANT ON SPECIFIC LENDERS.
We will find you the lender with the most suitable combination of low interest rates,
low annual fees and no compromise of loan features.
APPLICATION PROCESS
Let us do the legwork by taking away the stress of applying
for your home loan
1. LOAN APPLICATION
Your Principal Mortgages broker will meet with you, discuss your options and assist you to select the most appropriate loan. Thereafter your broker will complete the application forms and submit the application to the lender.
2. CONDITIONAL APPROVAL
Once the application has been lodged the lender may request additional information. Thereafter they will either reject or approve your loan. A conditional approval is subject to a property valuation and any other conditions of the lender. Usually takes 5 days.
3. UNCONDITIONAL APPROVAL
Unconditional or formal approval is provided once the property has been valued and all other conditions have been met. This process usually takes 3 days after all the conditions have been met.
4. LOAN DOCUMENTS
Under normal circumstances, it will usually take 5 days until the lender sends a copy of the mortgage documents to either yourself or your conveyancer. Once you receive these documents you will need to sign them and return them to your lender within 5 days.
5. SETTLEMENT
Once your loan documents have been returned to the lender the lender will certify your file and will then book in settlement. At settlement, you will officially be granted the amount of the loan.