Now that the Buyer and Seller have come to an agreement and have both signed the Offer to Purchase, it is time to apply for a bond.
When buying property for the first time you will require a home loan. Find out what you need to know before you apply...
Whether you haven applied for pre-qualification at this stage or not, it is advisable that you shop around for a deal which suits you best.
You can either go to the Banks directly, or take up the services of a mortgage originator.
Mortgage Originators vs. The Bank
Generally this comes down to personal preference.
You can go to a Bank to cut out any ‘middleman’ and apply for a bond in a familiar setting with an institution that knows you and your Banking history. Alternatively, you can apply through a mortgage originator which will cover all the Banks on your behalf with one application.
