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Getting a home loan and choosing a broker in 2023 ft. mortgage broker Chris Bates

Australian Finance Podcast

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The Process of Getting a Mortgage in Australia

After pre-approval, you need to put the money in an offset account. Your lawyer and vendor or current owner's lawyer get together in the background with the bank. The settlement transfers via PEXA, the platform that basically controls all property in Australia. And then the next day, the day after settlement, you got a big loan. You're going to start repaying,. you're getting excited about the house and the rest of your life begins. FASi is definitely something that speeds up that process unless you're considering something called 'FAS refinance'

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