Normally it takes nearly a month to process a loan. As such, this has now become the permanent period to process the application. In some cases, a loan can be finished sooner while in other cases it takes a lot of time. However, if you are aiming for an immediate closing, here are some easy ways to speed up your home loan application:
- Full disclosure of the information: The process of formulating home loan is little rigorous, so make sure not to keep any secret, full disclosure of the information will make your process bit easier, otherwise you won't be eligible for loan.
- Find your processor and be friendly with them: Once you have applied for the loan, a processor will come and verify all your documents and background for loan approval. Certainly, your processor is your best source for the time being, whenever you find time, find out your loan processor and call them, introduce yourself and offer them any help regarding the process of loan.
- Return calls immediately from your loan processor: If your loan processor calls you, that means he need some additional information from you regarding your loan application. If your loan processor is unable to reach you, then it's your duty to call back otherwise your loan application will be help up for the time being.
- Provide additional documents immediately: If your loan processor ask for some additional documents, give them immediately. If you think you are missing some document or information, then assemble that error or document before being asked by them.
- Stay in touch with the loan officer: Everyday loan officer if complied with dozens of applications and this turns out to be obvious that he won't remember you, so apparently; it's your duty to call him and ask about the process of your loan.
If you are looking for home loans in Australia, then loans direct is the best choice for you. Their experienced team will be happy to suggest you the best loan.
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