Quite a few Australians dream of building their own home. For most of them, this means first obtaining a land and construction loan. Sometimes people who need these loans only have a 5% deposit, and need to add mortgage insurance to the loan.
Getting a home loan approval is a huge step in the process of purchasing a home. But it’s not the final hurdle. Settlement is the all important last step. Therefore, making sure it happens on time is crucial.
When you think about how much money you need to buy buy a property, you’ll probably think of your deposit. While it’s true that your deposit will be one of the main costs, it isn’t the only one. Many people don’t realise the hidden costs of buying a home.
It probably comes as no surprise to hear that your income is one of the most important factors when applying for a home loan. So how much do you earn? This might seem like a simple question. But when it comes to home loans, nothing is simple. This is especially true when working out your income.
Buying a property is always a big step. But this process can be even more daunting for first home buyers. For a first home buyer, the process is new and unfamiliar. It can also be a little more complicated, by things such as the first home owners grant. There are also things like eligibility for stamp duty concessions to consider.
When looking for a home loan, people naturally want to find a good rate, and loan product. However, sometimes this backfires. Too many enquiries on your credit file can really hurt your chances of getting approved.
We are committed to changing the face of finance brokers. We know how important your goals are, and understand the importance of getting the most out of your loan, without paying unnecessary interest or charges. Our goal is to help you, within your own unique situation, to achieve the greatest savings possible.