Our Finance Process
Know What's Happening, What's Next, and Who's Taking Care of It
Taking the Confusion Out of Property Finance
Arranging investment property finance isn’t something you do every day.
From sorting through lenders to meeting their strict requirements, and collating documentation to navigating approvals, there’s a massive amount of information and procedure to get your head around. It’s not usually obvious what you should do first, what happens next, and who’s responsible for what.
Mirren Finance Strategies makes the whole finance process simple. Our proven step-by-step system takes you reassuringly through every stage, ensures you’re always totally aware of what’s happening, and most importantly, keeps your investment moving forward.
Let’s Get Your Finance Moving
Your Finance Journey with Mirren Finance Strategies
Finance Sign-Up
Start by signing the Credit Guide and Privacy Statement to begin the pre-assessment process … this is a legal requirement for all brokers. You’ll then receive access to your personal, secure finance portal. Complete the 'Client Profile' and 'Monthly Living Expenses' sections.
Collection of Evidence/ Supporting Documents
After our internal assessment is complete, we'll send you the preliminary credit proposal to sign. This document outlines the information used in the assessment, along with the selected lender/product, interest rate, and loan term.
Submitting Your Loan Application
Your signed loan application and supporting documents will be submitted to your chosen lender.
Formal Loan Approval
In approximately 1 to 3 weeks, your lender will issue a Formal Approval Letter, which will be provided to you by Mirren.
Receiving Your Loan Documents
Once approved, the lender will send your loan documents via DocuSign or by mail. Your password will be sent to your mobile phone. Please notify Mirren Client Care when you receive these documents.
Signing Your Loan Documents
Mirren Finance Strategies will guide you through reviewing, understanding, and signing your loan contracts. Our team will contact you to schedule an appointment.
Returning Your Loan Documents
We’ll ensure your loan documents are scanned and sent back to your lender via express mail or DocuSign. Your lender will book the settlement date once all supporting documents are received.
Settlement
Please notify the lender of any significant changes to your employment or personal circumstances, for example, expecting a child, applying for other finance, or selling an income-producing asset. Your loan application may need to be reassessed as a result. In 2 to 3 weeks, settlement will take place, and your loan will be activated. If refinancing, your old loan will be paid off and closed.
Post-Settlement Appointment
About a week or two after settlement, we’ll schedule a post-settlement appointment to ensure your accounts are set up correctly and your expenses are reconciled.
Your Finance Journey Doesn't End at Settlement
As your circumstances change and your property portfolio grows, we’ll continue helping you review your lending structure, identify new financing or refinancing opportunities, and make sure your loan strategy is always supporting your goals.
Finance Is Just the Beginning!
Why Use Mirren Finance Strategies Instead of Going to a Bank?
When you go into a bank, they’re limited to their own range of investment loans. And, if you don’t fit their specific profile or lending policy, you could be turned away before you get the chance to look at what finance works for you.
As a licensed mortgage broker, we have access to over 45 different lenders. So, we can search a wider range of products to find loans that work with your goals, your borrowing capacity, and the strategy you want to build.
And most importantly, we look beyond today’s purchase to make sure your finance supports future opportunities as well.
Don’t Settle for Just One Opinion
Removing the Stress From Property Finance
With so many lenders, document requirements, and forms … applying for property finance can put you off investing before you get started. You’re unsure where to turn, what happens next, and whether you’re actually applying for the right loan.
Mirren Finance Strategies makes everything straightforward. Our simple finance process removes the weight and worry from your shoulders … coordinating the steps, communicating with the lenders, and managing the paperwork.
You just focus on the exciting part … building your property portfolio.
What Is a Mortgage Broker in Australia?
A mortgage broker in Australia is a licensed professional who compares home loans and investment property loans. At Mirren Finance Strategies, our team searches 45+ lenders to secure the most competitive rates. We provide tailored mortgage advice for Sydney property investors and homebuyers.
What Does a Mortgage Broker Do for Investment Properties?
As your Sydney mortgage broker, we research investment property loans, negotiate with lenders, manage applications, and provide ongoing support. We simplify the financing process for property investors in Sydney, saving you both time and money.
Do You Charge Fees?
We offer no-fee mortgage services, as we’re paid commissions by lenders. This means you receive expert advice for home loans and investment property loans at no cost to you.
What Are the Costs of a Home Loan in Australia?
Typical home loan costs in Australia may include origination, valuation, title, annual package, and discharge fees. If your deposit is below 20%, Lenders Mortgage Insurance (LMI) may also apply.
What Types of Home Loans Do You Offer?
We arrange a wide range of home loan types in Sydney, including fixed-rate, variable-rate, line of credit (LOC), home equity loans, and construction loans. Mirren Finance Strategies tailors each loan to suit property investors and homebuyers.
What’s the Difference Between Pre-Qualification and Pre-Approval?
- Pre-qualification provides an informal estimate of your borrowing capacity.
- Pre-approval involves a detailed lender review and results in a conditional loan offer.
We streamline both processes to give you confidence when house hunting.