First Home Buyers
Home Loan Consulting
Wondering what steps you need to take to be on the road to buying your first home? Even before you’ve saved your deposit we can help.
Mercury Home Loans and Finance can work with you to secure your home loan or refinance and raise funding for personal use or investment. We do this by accessing equity held in real property so you can take the next step towards building your wealth.
Everyone has a dream of getting their first home. It’s exciting, no doubt, although It’s equally scary. You to take this first step confidently we are here to guide you through each step of the journey ensuring your best interests with the right product knowledge. We are happy to answer all your questions as we want to make your dreams a reality!
How we work
1. Meet with a Mortgage Broker
We'll meet with you to understand your financial & lifestyle goals. We'll search through hundreds of home loans to find the one that's right for you, calculate your borrowing power, work out repayments and answer any questions that you may have.
2. Prepare the application
Once we've helped you choose the loan that's right for you, we'll help you prepare the application and guide you through the process.
3. Conditional approval
The lender will provide conditional approval while they organise the property valuation and conduct a credit check. We'll stay in touch with the lender and keep you informed along the way.
4. Unconditional approval
Unconditional (full) approval is formal acknowledgement that your home loan application has been approved.
5. Complete loan documents
Your loan is both a significant financial commitment and a strong financial foundation. We'll cover the cost of a discussion with our Mercury Home Loan and Finance financial adviser to help you manage your money through this major change, work out a plan for the future, and help protect what you're building along the way.
Once your loan documents arrive, we'll organise a time to meet and help you complete the document.
6. Loan settlement
If you're purchasing a property, your solicitor / conveyancer will organise settlement directly with the lender, according to the settlement date on the contract of sale. If you're refinancing your existing home loan, the lenders will liaise directly to exchange the documents.