The process of applying for a loan is a lengthy one. A loan can take many weeks to apply for and many more to advance.
While you may not be qualified to provide loan advice, you can assist your client to be prepared so that this process runs more smoothly.
In this topic we look at the loan process and explain each step. We also look at the methods by which a client can raise the deposit required to invest in property.
By the end of this topic you will be able to:
- Describe the process for applying for loans from start to finish
- Explain the four different methods that borrowers may use to raise a deposit
- Answer questions, complete activities and other self-paced learning tools to enhance your understanding of this topic