Buying first home can be exciting but nerve-racking experience with numerous steps to follow. Our Mortgage broking services are designed to guide you through the process of your mortgage journey. We shop around and do all the legworks to find the right lender to suit your needs. However, we help all kind of applicants such as full-doc, low- doc, bad credit and self-employed. Before you start looking for a home there are several factors to consider such as: What savings do you currently have?Most lenders want to see your savings history for the last six months and also to have minimum 5% of the property value as genuine savings plus LMI (Lenders Mortgage Insurance). However, we also have a group of lenders who consider non-genuine savings of minimum 5% plus LMI. Moreover, you will be required to have sufficient fund to cover government fees and charges for purchasing property.
How much can you borrow?It is highly recommended to sit down with a mortgage professional to check your personalized borrowing power and monthly repayment prior to look for a property or go to an auction. There is a calculator provided to get an idea.
What fees and costs apply to a mortgage?These costs may include a deposit, lenders mortgage insurance, stamp duty, loan set up fees, conveyancing, settlement fees, inspection costs, valuations and home insurance. Our mortgage professional will explain these costs in detail.
Grants and Incentives Every State has their own government’s incentive and benefits for first home buyers. What is available to First Home Buyers depends on the State they are in and their individual circumstance. To find out more information please visit www.firsthome.gov.au
Having a right person to assist you can make the world of difference when buying your first property. Call or Email us today to make an appointment for consultation at no cost.