First Home Owners
Buying your first home is both an exciting and overwhelming time. You’ve found the house you love, but with so many home loan products on the market, shopping from bank to bank trying to find the mortgage that’s right for you can be quite a lot to deal with.
Every day we work with first home buyers and we have the patience and expertise to sit with you and discuss your individual needs and take the time to answer all your questions, not just at the initial appointment, but we are here to help you all the way through to the settlement of your home, and beyond. We will help find the right product for you, explain how much deposit you require, assess your eligibility for FHOG, and guide you through all the paperwork. We will keep you up to date with each step of the way and we remain in contact with you to ensure that your loan still suits your needs in the future.
Need a Bigger Home?
Home loan pre-approval is a great way to ensure you know how much you can afford to pay for a property before you even start looking.
A written pre-approval can also give you an advantage when negotiating on a property with a vendor, as opposed to someone who has no pre-approval or finance in place. Home loan pre-approval is generally valid for about three months, and you will still need a satisfactory valuation on the property you intend to purchase before your pre-approval can progress to a full loan approval.
Need a Bridging Loan?
Financing the move from one property to another can be quite stressful, especially if you are yet to sell your home – a bridging loan can help free up the funds that are tied up in your current property to purchase the next one.With a bridging loan, your lender will use both your current and new property as security and lend you enough to buy your new home.
While you are waiting for the sale and purchase process to be completed on both your current and new property, you make interest only repayments on the loan, or maybe even no repayments at all (referred to as capitalising the interest). Once you have sold your old home, the proceeds go towards paying off your bridging loan. The amount left over (known as the end debt) is then transferred to a standard home loan, becoming the home loan on your new property.