Anyone who has ever applied for a mortgage before knows it has traditionally been a slow, arduous process involving lots of back and forth and mountains of paperwork.  

On top of this came the multiple face-to-face meetings from the initial home loan application to the final signing on the dotted line. As a result, you usually had to work with a local mortgage broker – because who really wants to travel long-distance to discuss a mortgage application?

Then the pandemic hit.

As the old methods weren’t compliant with social distancing regulations, many lenders had to finally embrace the digital age. In-person meetings to verify identity and sign documents went out the door to be replaced by video conferencing, digital signatures and electronic ID verification methods.

This new way of doing things simplified and streamlined the home loan process. And when an industry adopts something for the better – even temporarily – you can bet your bottom dollar it’s here to stay.

Home loan applications in the ‘new normal’

Given home loans are such big financial decisions, the new normal can still include a face-to-face element should you prefer. But, generally, you now can: 

• Verify your identity remotely via video conferencing or providers such as ZipId or IDYou – doing away with the inconvenience of a face-to-face meeting to prove you are who you say you are

• Have meetings with your broker on video from the comfort of your own home at a time that suits you – avoiding the hassle of travelling while also speeding up the approvals process

• Sign your application and loan contract on a computer, phone or iPad (depending on the lender)  – rather than have yet another meeting

Even better, these changes mean you’re no longer limited by your location when it comes to choosing a mortgage broker.

How Eventus Financial can help you

As an award-winning mortgage broker with over 210 five-star Google reviews, we’re not just the best brokers in Sydney – we also provide services nationwide. And with one of the quickest response rates in the industry, we pride ourselves on getting you the best outcome on your home loan application as fast as possible.

If you’re looking for a mortgage broker who can help you achieve your financial goals, schedule a no-obligation consultation with Alex to find out how we can help you with your home loan.