Timeline to Getting a Home Loan

Timeline to getting a home loan approval can vary. An example can be where Lenders Mortgage Insurance (LMI) is required usually if the loan to valuation is above 80%. LMI’s have their own assessment criteria and sometimes additional questions arise which is an additional assessment process usually taking up to 48 hrs. If you can reduce the need for LMI, you can also reduce your costs. We can help you structure your loan efficiently.