2 Estimated Timeframe of lodgement 

Your loan application will be lodged with the lender within 24 hours of receiving of ALL required supporting documents and application forms as requested.

3 Conditional Approval

Estimated Timeframe 2-3 days.

Since we lodge on your behalf, the lender will send PJ Homeloans a conditional approval letter once it has been conditionally approved.  Upon conditional approval, property valuation(s) will be ordered by the lender (if required).

4 Valuation Reports

Estimated Timeframe 3 days.

Valuation report(s) will be received by the lender within 3 days of request. (subject to property access).

5 Unconditional (full) Approval

Estimated Timeframe 2 days.

We will receive unconditional approval from the lender within 2 days from receipt of their satisfactory valuation(s). We will then contact you to confirm the unconditional approval.

6 Mortgage Documents

Estimated Timeframe 5-10 days.

The lender will send a copy of the mortgage documents to you or the nominated party within 5 days of unconditional approval. You will receive instructions on how to handle the documents.

7 Loan Settlement

Estimated Timeframe 2-10 days.

Purchasing a property

Between 2-3 days after you have returned your mortgage documents your solicitor/conveyancer will contact the lender to book settlement.

Refinancing

Between 2-3 days after you have returned your mortgage documents the lender will liaise directly with your existing lender (if different) to arrange your property refinance.

8 Congratulations

Congratulations! Settlement has been booked and your loan is in place.

*Please note, time frames are subject to variation based upon the lender selected, the valuer commissioned and/or the complexity of the loan application.