Application home Mortgage RefinanceHome application Mortgage Refinancing
You will need to know what to do when you apply for mortgage funding
You should in most cases get a call from one of our credit officers within 30 min during office hours: Should you have contacted us outside these times, we will be happy to get in touch with you during office opening times on the next workingay. to 0979 during office opening times. As soon as you have found a funding option that suits your individual needs, tastes and budgets, it is your turn to request your mortgage.
Choose your creditor and fill in your application in full or (depending on the creditor) by telephone or on-line. They give information about themselves and anyone else who is to be named as co-owner of the mortgage (such as a husband or wife). You may have already specified some of the application detail if you have been pre-approved.
In order to obtain a refinancing credit, you must make available to your creditor a set of supporting papers that will help you review your job histories, your overall credit standing and your overall financing position. Also, if you send your application to another person (known as a co-insurer, e.g. your spouse), they must also submit the same supporting papers. Prepare to make the following entries:
Other documentation may be required by your creditor, subject to your particular situation and the nature of the mortgage for which you are seeking a mortgage. From your creditor, you can ask for information about your job and your development. Your creditor, with your consent, will also execute your loan reference as part of the trial.
Take your speaking engagements and complete the application as fully and precisely as possible. If you do not reveal in advance your loan issues or withhold required documentation, this will only slow down the mortgage application procedure and possibly hinder the mortgage authorization, so it is to your advantage to fully reveal everything about your financial situation.
As interest levels often vary, the situation may vary between the date you take out your mortgage and the date you shut down. When you want to guard against interest increases and make sure that the credit conditions you have used to fund your budgeting are blocked, you may consider paying your interest with your creditor when filling out your credit application.
An interest block (also known as a fixed interest rate) is your lender's guarantee that the interest and discounting points are secured until the expiry date of the interest block. Creditor will notify you in written form of the conditions of the fixed interest period, inclusive of the interest rates set, the duration of the lock-up and the points of rebate selected by you.
Obviously, if you believe that interest levels will fall in the near term, it may make sence for you to wait to block your interest level. At the end of the day, it is a matter of your own decision when to set your tariff. Interest must be blocked before the creditor prepares your financial statement documentation. Speak to your creditor about the best option for your needs and tastes.