Apply Online
Applying for a mortgage online at Fundit is easy - with no pushy brokers and no time limits you can complete your mortgage application whenever and wherever you like. Best of all, your application is automatically saved (so you don't have to complete it all at once), and you can re-use the same application again in future if you want to refinance at a lower rate or buy a new property.
All you have to do is select the following:
- The amount you want to borrow,
- Fixed or variable interest rate (or a combination of your choice),
- Your favoured repayment options,
- The lenders you want to bid on your mortgage, and
- How long your auction will run (1 to 3 business days)
To speed up the process we'll organise credit reports and capital valuations for you, and we promise to keep your application details safe and secure - you can see our privacy policy here.
Remember, completing an application form and running an auction does not in any way commit you to accepting a bid, and you can withdraw your auction from Fundit at any time before you accept a bid.
If you need help completing the application form our friendly team is more than happy to help, or you can check out our help section.
Auction
Remember, starting an auction on Fundit is free. Once your auction has started your application can be viewed and bid on by interested lenders, but only on an anonymous basis - we won't release your personal details unless you decide to accept a bid.
To help you choose between the different bids each lender must disclose:
- The total cost of interest over the term of the loan, and
- All up-front charges and fees.
This means no surprises for you when finalizing your mortgage.
Make sure you check on your auction frequently to see what bids have been made and how long you have to decide before accepting them - you wouldn’t want to miss out on a great rate! Also, during the auction lenders might want to ask questions to clarify aspects of your application, so it’s doubly important you check your auction regularly.
Finally, remember your auction page is completely private - only you and the bidding lenders can view the details.
Choose
To help you choose between bids we identify the one that best matches the key loan details you set out in your application.
You can accept a bid at any time while your auction is running, at which point your auction will end. If you go the full length of your auction without accepting a bid you still have until 9am the next day to decide.
If you do accept a bid, your identity and the name of the lender will be revealed. You can talk to the lender to clear up anything you're unsure of and to make sure the terms you’ve chosen will meet your needs.
Accepting a bid does not mean you're committed to taking the loan if your circumstances change unexpectedly. Also, if you accept a bid then you’re not obliged to proceed with the loan if you don't receive a formal offer that fully matches the terms laid out in the bid you accepted.
For more information on the process for accepting a bid see Accepting a Bid.
Sign-up
The winning lender deals directly with you and your lawyer to complete any last paperwork. At this stage you'll need to supply the usual documentation to support your loan application.
The mortgage is only finalized when you sign the loan agreement with the lender. This allows you plenty of time to make sure the terms are right for you.
For your protection, our lenders are required to comply with the Uniform Consumer Credit Code, including making a full written disclosure to you of all terms of the loan. They will do this as part of finalizing the paperwork.
Once you've signed the agreement, congratulations! You've just found your perfect mortgage with Fundit.
