Steps To Buying Your Property
Before you commit to purchasing a property it is important to obtain a pre-approval for your finance. We will work out with you how much you need as a deposit and how much you can afford to borrow.
We will complete all the paperwork for you saving you time and frustrations when dealing with the banks. We will present your application in the most professional manner ensuring better pricing and a seamless approval process.
Buying your home or an investment property is usually the largest purchase you will ever make and the process can be daunting. There is much to consider such as
- Where and what can I buy?
- How much deposit will I need?
- How much can I borrow?
- Which bank should I apply to?
- How can I repay my loan quickly?
- What other decisions and processes are involved when I buy a property?
We will help with your research by providing complimentary suburb profiles reports along with individual property reports which give you comparable sales for similar properties in the area. That way you are well prepared when bidding on, and buying a property.
We will look at your personal circumstances and work with you to determine your deposit requirements.
We are experienced in determining how much you can borrow and what type of loan will suit your budget and lifestyle. It is important to be able to comfortably meet your repayments, and not feel burdened by your mortgage. It is possible to borrow 100% of the purchase price plus costs if you have equity in another property or your parents are able to provide guarantor assistance.
We match your specific financial situation according to the bank’s lending criteria. Each bank has its own set of lending rules. Our extensive knowledge will match this with your personal circumstances making sure that your loan application is successful.
Purchase Costs
When buying a property, it is important to take into account all expenses associated with purchasing a property. We will identify these extra costs which may include some or all of the following:
- Stamp duty
- Conveyancing or legal fees
- Building inspection report
- Pest inspection report
- Strata inspection report
- Building insurance
- Lenders mortgage insurance
- Landlord insurance
- Personal risk protection insurances
