Getting a home loan usually runs in this order: get pre-approval, find the property, sign the contract subject to finance, the bank orders a valuation, you sign the loan documents, then settle. Settlement is typically two to three weeks after documents are signed, and the whole process often takes around four weeks.

In this video, the McKern Finance team walks through each step and explains what happens if the valuation comes in below your pre-approval (you may need extra funds or a smaller loan, which is why 'subject to finance' matters) or above it (your loan stays the same). They also explain McKern's free borrowing 'health check' and what to bring: a couple of recent payslips and a list of your debts and repayments, or your latest financials if you're self-employed.

In this video

0:00 What is the process for a home loan?

0:48 What happens if the valuation comes in less than the pre-approval?

2:00 Free health check

2:28 Tips for what to bring for the meeting?

General information only, not personal advice.