Professional Ideas And Advice If You’re New To Home Buying
Given how many attractive loan options there are, trust us to help you find the right one.
Purchasing your first ever home is an overwhelming experience, particularly given the rising home prices and tight supply across the continent. However, once all the documents are signed and stamped, and you get handed the keys to your new home, you want to sleep your first night there knowing that your home loan helped you get the job done fast and easy.
We’re here to work with you through this stressful yet adventurous period of your life. From helping you come up with a budget to understanding the responsibilities, we’ll be honest with you about matching your borrowing ability versus the lending options in your state or territory. Our finance professionals know how to get aspiring residents into their first homes, from Perth to Sydney. We also make sure that you get your first home within your realistic budget and in terms and conditions you’re okay with.
The most difficult part is the very first step, and this holds true if you’re looking for a home in the bustle of Melbourne or the quiet spaces of the Outback. Fortunately, getting going only takes three steps:
Gather information: Know what your choices are, but also your obligations. Our guide for first-time buyers can help.
Frequently Asked Questions For First Time Home Buyers:
What is stamp duty? How much does it cost?
This is something that every Territory or State government charges on property transactions. The cost varies, but usually varies depending on the value of that transaction.
What about building a home?
Are you looking to build a dream home? Have a conversation with us about that, and we’ll help you find ways that can pay for that dream that fit within your means but also meets your needs.
What happens on auction day?
If you have interest in a property that is going to for sale through an auction, then it’s critical that you know just what to expect on auction day. We can help you prepare for that.
What is the settlement process like?
Once you sign the required documents, the next part of the process is the settlement phase.
Settlement is the name for the official process where ownership of a property is legally transferred from the seller towards the buyer. This process involves both the financial and legal representatives of both parties, and once done, you’re the new owner of the property.
What do I need to apply?
We have a home loan application checklist you can use as a reference. It covers the documents we need to verify your identity, as well as your income and other relevant financial information.
What about buying off the plan?
As a first-time home buyer, you might find a few advantages to signing a contract for buying the property before it’s even completed. However, there are a few possible risks to also be mindful of.