Applying for pre-approval is your ticket to house-hunting with confidence. It gives you a clear indication of how much you can afford so you can make an offer when the right property comes along.

1. Book an appointment by calling Hejaz Financial Services who are here to walk you through the home loan process and to apply for pre-approval.
2. Once you’ve received pre-approval, it’s time to go search for your property.

Estimated time conditional pre-approval is valid for: 6 months

To determine your goal amount, look at house prices in areas you’d like to buy and use our calculator to see how much you could borrow. 

The next step is to actively search for a property within your budget. This involves attending open inspections and auctions and making offers.

To secure your property, both buyer and seller need to sign the Contract of Sale, which confirms selling price, settlement terms and other conditions for the sale.
To secure your property, you’ll likely need to do the following:

1. Consider carrying out a property and pest inspection to avoid bad surprises.
2. Check if there’s a subject to finance clause in the contract (preferred).
3. Sign the Contract of Sale provided to you by the seller or real estate agent.

Once your home loan application and documents have been submitted, we’ll review them and complete any necessary checks. We’ll then let you know if your loan is approved and provide your loan offer documents.

1. Pay the deposit (usually 5 – 10% of the property price).
2. Complete stamp duty forms (if applicable) – your conveyancer or solicitor will organize this.
3. Review, sign and return your home loan documents.
4. Look into home insurance options prior to settlement.

Settlement is the formal completion of the property purchase, involving you, the seller, and your respective representatives. Generally, at settlement, your deposit is released to the seller, and we pay the agreed loan amount on your behalf, including any settlement adjustments. These include taxes, rates and other services that have been paid in advance by the seller. Once settlement has taken place, your conveyancer or solicitor will notify you, and all that’s left to do is for you to pick up the keys!

1. Arrange a final inspection with the seller or their real estate agent prior to settlement day.
2. your final contribution. This may account for taxes and duties, as well as any adjustments paid by the seller. Ensure you have funds to pay any shortfall on settlement day.
3. After settlement, pick up your keys from the seller’s real estate agent.