by Maryanne | Aug 11, 2017 | First Home Buyer, Mortgage Broker
How much income do you need so you can afford to repay the loan?
If you’re thinking about buying a home one day, or you’ve started to save for your deposit, it’s a great idea to work out how much you can borrow (borrowing power) so you know what price range you will be looking at.
So how will you know what you can afford? Unfortunately it’s not as simple as saying the repayments will be $500 a week and if you can afford that you can get the loan. The Banks and Lenders look at a lot of different factors, just some being;
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by Maryanne | Aug 4, 2017 | First Home Buyer, Mortgage Broker, Saving Money
Trying to save money for your Home Deposit can seem like an impossible task.
Everyone appreciates how hard it can be to get enough deposit together to make that big step and especially when you are paying rent or board in the meantime.
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by Maryanne | Jul 6, 2017 | First Home Buyer, Investor Loans, Mortgage Broker
Building loans are so common these days and there are benefits to both the First Home Buyer as well as Seasoned buyer or Investors.
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by Maryanne | May 16, 2017 | First Home Buyer, Mortgage Broker, Saving Money
Genuine Savings is a term most Banks and Lenders use for your Deposit when you are purchasing a house. Banks and Lenders are looking for a commitment to show you can save money or at least commit to a regular payment each week/month/fortnight.
So, what is considered Genuine Savings?
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by Maryanne | Apr 8, 2017 | First Home Buyer, Mortgage Broker
There is nothing I love more than calling a client to congratulate them on their formally approved loan. As soon as the loan is formally approved the lender gets to work issuing the loan contract and mailing them out to you.
Once you received them you have a small window to get them completed and sent back to your Lender to prepare for settlement so it’s really important to make sure you complete them correctly to save time and rework.
Although every lender has their own set on contracts and loan documents they generally cover off on 3 main things and then perhaps a few lender unique documents.
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by Maryanne | Mar 16, 2017 | First Home Buyer, Mortgage Broker
There are different concessions available to first home buyers and this week I want to take a closer look at the very popular First Home Buyers Grant, starting with why the Government established it.
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