Get your own home.

Tired of using your hard earned money to pay off your landloads mortgage?  Do you dream of owning your own home?

Talk to your mortgage broker.

The lending process is complex, so it is important to engage with a broker early in the piece. There is the deposit to think about, your borrowing capacity, the type of security and even the type of loan. Even if you are not quite ready to buy, we are here to get you prepared for the process so you can get into your new home sooner.

Do you have a deposit?

Our lenders typically require a 5% deposit minimum.

what to look out for?

 It is important to be aware of other upfront costs these need to be factored in with the purchase of your home. Common upfront costs include:

Stamp Duty

Stamp Duty is a government tax that is payable to the state government, it depends on the property purchase price and state/territory you purchase Exceptions may apply.

Lenders Mortgage Insurance (LMI)

Insurance payable to the lender if borrowing capacity is greater than 80% of the property purchase price.

Establishment Fee

Charged by the lender this is typically used to cover valuation and settlement costs.

Conveyancer

A conveyancer or solicitor will manage the legal process of the property purchase and transfer the property into your name at settlement.

Building and Pest inspections

Pre-purchase inspection to ensure the property is sound, the inspection will identify any defects or issues prior to the property purchase.

Building Insurance

Insurance must be enough to cover any repair or rebuild of the property should any unfortunate circumstances arise.

Working with us.

Understand the process, depending on the type of home you wish to purchase the process will differ slightly. But we are here, we will educate you on everything you need to know. At the end of our discussion you will understand more about home deposits, eligibility for government first home buyer rebates, costs associated with the purchase of a home, affordability and your borrowing power. This discussion is a great start point even if you are not quite ready to purchase and just want more understanding. This is the right place for you, you will understand more and be educated on the process which allows you to be prepared for when the time is right for you.

Aided with knowledge you understand your borrowing power and ready to make an offer on your first home. Once you negotiate the price with the real estate agent you will sign the contract (subject to finance) and be asked to pay a small deposit, usually $1,000. This will secure your offer. As soon as you sign the sales contract, contact us immediately to start the process to secure your funds.

We will manage the entire process, by now you have completed our fact find and uploaded your paperwork and so we can complete the research phase to get the right home loan for you.

After we have completed your home loan research we will present to you options. We will take the time to explain in detail your home loan. You will have a thorough understanding of your home loan including interest rate and fees, the facilities linked to your home loan and home loan structure and ways to best manage your home loan to save money. Once you have signed your application we will monitor the process and stay in touch. We will go above and beyond to communicate with you and your real estate agent so you can sit back and relax. 

You are just about there, the settlement is the legal process of when the final payments are made and you take possession of your home. Your solicitor and lender will arrange settlement on your behalf. We will be in touch to let you know about your home loan repayments and when the first payment is due. Congratulations.

book your complimentary call today.

Schedule a 15-minute call one of our professional mortgage experts today. 

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