MOVING HOUSE

Understanding Your Home Buying Journey:

1. Planning: Before you start house hunting, it’s essential to understand your financial capacity. We’ll help you assess your potential borrowing power, which means figuring out how much money you can borrow from a lender based on your income, employment status, and credit history. This step provides you with a realistic budget to work with.

2. Finding: Once you have a clear budget, you can begin the exciting house-hunting process. Our team will work on organising your home loan so that you can confidently explore available properties within your price range.

3. Pre-approval: Pre-approval is a crucial step in your home-buying journey. It’s where we help you secure the necessary approval from a lender, which gives you the confidence to make offers on homes or even bid at auctions. Knowing that you’re pre-approved simplifies the negotiation process and increases your chances of securing your dream home.

4. Settlement: This stage involves finalising all the paperwork and legalities required for your home purchase. It’s the point where your dream of homeownership becomes a reality. We’ll guide you through this paperwork-heavy process to ensure everything goes smoothly.

5. Getting the Keys: Congratulations! You’re officially a homeowner. It’s time to plan your housewarming and enjoy the fruits of your hard work.

Borrowing Essentials:

Understanding the financial side of your home purchase is crucial. Here are some key points:

1. Eligibility for a Home Loan: To secure a home loan, you need to meet specific criteria set by lenders. Lenders want to ensure you’re financially stable and can make regular repayments. They assess factors like your income, employment status, credit history, and the amount of money you have saved for a down payment. Our team can help you determine your eligibility and provide tailored advice on improving your chances of approval.

2. Credit Report: Lenders will review your credit history as part of the loan application process. It’s essential to ensure your credit report is accurate and free from any errors that could negatively impact your application. We can assist you in understanding and managing your credit report.

3. Deposit Requirements: Most lenders require a minimum deposit of around 10% of the property’s purchase price. However, the larger your deposit, the less you’ll need to borrow, resulting in lower monthly mortgage payments. Additionally, having a substantial deposit can make you a more attractive borrower to lenders.

4. Understanding the Costs Involved: Purchasing a property involves various costs beyond the purchase price. Being aware of these expenses helps you plan your budget effectively:

5. Legal Representation: Engaging a trusted conveyancer or solicitor is crucial to handling the legal aspects of your property purchase. These professionals ensure that all contracts are fair and transparent. We can provide recommendations if needed.

6. Loan Application Fee: Some lenders charge a one-time loan application fee. We’ll help you navigate loan options, including those with or without this fee, to find the most suitable choice for your situation.

7. Moving Costs: Moving can be costly, with expenses like utility connection or disconnection fees and hiring professional movers. We recommend obtaining multiple quotes to compare prices and services.

8. Building and Pest Inspections: Investing in these inspections can save you from purchasing a property with hidden structural or pest-related issues. They also provide valuable negotiating leverage regarding the property’s price or contract terms.

9. Stamp Duty: Stamp duty is a tax the state government imposes on property transactions. The amount varies from one state to another. We can help you understand the specific stamp duty requirements in your area. Use the links below to calculate stamp duty fees and charges for the state or territory relevant to you.

Stamp duty government websites:

Victoria
Australian Capital Territory
New South Wales
Northern Territory
Queensland
South Australia
Tasmania
Western Australia

In summary, we aim to make your home-buying journey as smooth and stress-free as possible. We provide expert guidance, help you navigate the financial aspects, and ensure you’re fully informed about all costs associated with purchasing your dream home. With our support, you can embark on your home-buying adventure with confidence and excitement.

Why Choose Us?

The reasons are straightforward:

1. We Work for You, Not the Banks: Our mortgage brokers have your best interests at heart, not the banks. We prioritise your financial well-being.

2. Award-Winning, Licensed Finance Professionals: Our team consists of experts recognised for their excellence in finance. You’re in capable hands.

3. Convenient Service: We value your time. That’s why we offer flexibility. We’ll meet with you at a time and place that suits your schedule.

4. Local and Independent: We’re a proudly independent, South Australian-based company. You’re not just a client; you’re our neighbour.

5. Time Savings: Your broker takes the burden off your shoulders. They do the legwork, making finding a loan tailored to your needs effortless. Plus, they handle the application and approval process.

6. Industry Insights: Count on your mortgage broker to be up-to-date with the latest loan offerings. They’ll provide current information on the most fitting loan options for your unique requirements.

7. A Smoother Journey: Your broker simplifies your mortgage process. They’ll help you identify the most suitable mortgage type, manage the paperwork, and keep you informed throughout the entire process. Even if you’ve had credit challenges or your financial situation is complex, our brokers can often find solutions to help you.

Call us today if you are looking at upsizing, downsizing, or moving to a new neighbourhood.

We are here to help seven days a week.