Where Do I Start If I Want To Buy A House?
✅Property prices in capital cities like Sydney are higher than ever, but there are still ways to get your foot in the door.
✅Mortgage Broker Revesby will work with first home buyers to buy their dream home.
✅Start by asking your mortgage broker how much you can borrow or whether you will even service for a loan at all. Once you're pre-approved you can bid with confidence. At the very least you'll know where to start looking for your first home.
Get in touch
First Home Buyers
✅Turning the key to your first home is one of the best feelings in the world. All the budgeting, planning and house hunting is behind you; finally 'you're home'.
✅Mortgage Broker Revesby will guide you through this process with as minimal fuss as possible. The following steps are what we believe to be the best path to that first home feeling!
Where are you at right now?
✅What is your current financial position?
✅What are your goal?
✅How much savings and deposit do you have?
✅What is your earning capacity and monthly expenses?
✅Do you have access to a guarantor if needed?
✅Mortgage Broker Revesby has access to simple calculators to assess all these factors. We're here to help and will do it for you as part of our service.
What home loan options are available?
✅Now that you have a clear understanding of your financial picture, it's time to research the property prices in the area you're looking to purchase.
✅Here you will learn your expected LVR (loan to value) depending on your deposit and the property prices. This will start shaping what lenders may come into play.
✅Do you have genuine savings? That is, did you save for your deposit over the course of 3 months or longer or was it a lump sum gift from a family member or work bonus? This will shape your loan again and bring certain lenders closer according to your scenario.
✅Do you need a guarantor? Don't have much in the way of a deposit? Is a parent is willing to act as a guarantor to your home loan? Your borrowing options shuffle again and becomes clearer.
✅Police, Fire fighter, Paramedic or SES? Your options become more refined still. Some lenders have preferences for certain industries and offer perks such as no mortgage insurance up to 85%.
Find your home!
✅Now you know how much you can spend, let's go shopping!
✅Your financing options are in place so you can bid with confidence.
Other fees to consider
✅Lenders Mortgage Insurance
✅Legal Fees
✅Stamp Duty
✅Home & contents insurance
✅Building & pest insurance
✅Property valuation
✅Discuss this will your mortgage broker before you start shopping.
Make an Offer
✅You know your borrowing capacity and how much you can spend. You've found a house within that range. The settlement process can now begin around the sale and the home loan with be completed.
✅A lawyer needs to review your contract of sale.
✅Sign contracts and return to seller.
✅Your mortgage broker will start your official home loan application.
✅Building and pest inspection.
✅Final property inspection.
✅Receive your keys from the agent on settlement day!
Let us help you!
✅Mortgage Broker Revesby will help you step-by-step. We won't overwhelm you with the whole process at once. Rather we'll concentrate on each step as it comes and do as much of the process as we can for you.
✅Let us do the lender research and access you great home loan terms for your situation.
✅No fee service. Why would you do it all yourself?
Matthew Stack
www.mortgagebrokerrevesby.com.au
0423 237 242
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