Home Loan Help

Your Professional Finance Broker home loan specialist can help you navigate the complex process of applying for a mortgage. Buying a home is one of the biggest financial decisions you will ever make, so no matter if you are buying your first home, your next home, building or renovating, seeking a pre-approval, looking to refinance or wanting to access your equity we can help you find the best mortgage product solution to suit your specific needs, budget and financial goals. 

Let us do the research for you, comparing rates and loan options from different lenders to ensure you get the best deal possible which can save you time and money. We can even provide you with market research on the property you are looking to purchase, calculate your borrowing capacity and deposit requirements including an estimate of all your associated costs (stamp duty, government fees, bank fees & legal fees etc) and even determine if you are eligible for any government grants or concessions.  

Getting started

1. Before you start looking for a home, you need to determine how much deposit you have available as the higher the amount of deposit you can contribute towards the purchase will reduce the amount you will need to borrow. Most lenders require a deposit normally around 20% of the purchase price plus sufficient funds to meet all associated costs. There are other options if you have less than 20% deposit which include paying Lenders Mortgage Insurance, considering a Low Deposit Loan lender, using equity from other property you may own or even family guarantee support.
2. Next you should determine your budget which should provide a thorough understanding of your income, current and future living expenses, and any other ongoing financial commitments. This information is important to allow you to work out how much you can afford to borrow.
3. Once you know how much you can afford to borrow, it's a good idea to get a loan pre-approval which will give you an idea of what interest rates and repayments you can expect and help you narrow down your search to homes within your budget.
4. Once you're pre-approved, you can start looking for a property that meets your needs and budget. You may choose to work with a real estate agent to help you find properties that match your criteria. When you find a property, you want to buy, you'll need to make an offer to the seller. Your real estate agent can help you draft an offer that includes any contingencies or conditions you want to include.
5. If your offer is accepted, you'll need to apply and seek formal approval of a home loan to complete your purchase. Your lender will review your application, credit history, and other financial information to determine if you qualify for the loan. Normally the lender will require a valuation of the property to be undertaken to ensure that the loan to valuation ratio is acceptable. 
6. Once your loan is unconditionally approved, you'll need to accept the lenders terms and condition, sign any loan documents required by the lender and meet any conditions precedents before settlement.
7. After the loan is settled, the property is officially yours and you can move in and start making it your home.