Patience is a virtue, but it’s a virtue that’s tested during a mortgage application. Typically, the process at chawlafinance.com.au follows this cadence:
- Days 1–5 (Pre-approval): Documentation is provided, and the lender gives a "thumbs up."
- The Hunt: Finding a house. This part depends on how picky the buyer is about having an indoor laundry.
- Days 10–20 (Valuation & Formal Approval): The bank sends a professional to ensure the property value matches the purchase price.
- Day 30–90 (Settlement): The lawyers talk to each other, money moves, and the keys are finally handed over.
Disclaimer: The information provided in this blog is general in nature and does not constitute personal financial or credit advice. Please contact chawlafinance.com.au so we can discuss your scenario in detail.