If you are the one of many wanting to achieve home ownership but are unsure of how much you will need and unsure how you will achieve saving a sufficient deposit there are a number of things you are able to do to help yourself achieve the desired deposit amount. It is important that you [...]
When you are in the initial stages of the home purchase process, one of the early steps you need to consider is to ensure that you have the property inspected by a licensed building and pest inspector prior to purchasing. This is known as a Pre-Purchase Building and Pest Inspection that is organised during the [...]
A professional conveyancer or solicitor is an independent party that is employed for both the buying and selling of a property. The conveyancer will handle the settlement and title transfer process by ensuring that their client is meeting all legal obligations all while ensuring the clients rights are protected during the time of this transaction. [...]
With housing affordability and the difficulty to enter the property market becoming a greater focus for first home buyers and investors – the topic of guarantor loans is now coming to the forefront as a solution. Guarantor home loans allow people to buy properties without the major hurdle – saving their deposit – bringing forward [...]
If you are a parent here reading this then you are on the right path toward helping your child/children closer to reaching that goal of home ownership here in Australia. Rising property prices have made people think that it is now harder and if not almost impossible for the younger generation to get into the [...]
Lenders Mortgage Insurance otherwise known as LMI is a fee charged by lenders for loans which have less than 20% deposit at time of purchase. LMI protects the lenders in the unfortunate event of the borrower defaulting on their home loan – which is at a higher risk when a lower deposit is used. Keep [...]
Fixed Rate Loan Fixed rate home loans have an interest rate that is fixed for a set period of time – usually between 1 and 3 years. At the end of the fixed rate term the loan will automatically switch to the standard variable rate offered by the lender – but if you have a [...]
Are you wanting to achieve the goal of home ownership but unsure of where to start looking to begin the home buying research process? Below is a list of commonly used websites for research and analysis of properties within South Australia as well as Australia, from property listing websites to calculators and the Government websites outlining [...]
Loan to Value Ratio otherwise known as LVR is a percentage figure that compares how much a lender is willing to loan you against the total value of the asset you plan to buy. This is calculated by dividing the amount of your home loan by the purchase price/valuation estimate of the property. Your Loan [...]
When going through the initial process and taking the steps towards home ownership it is normal to have lots of questions running through your mind, below you will find some FAQs from many FHBers. If you still have more don't hesitate to talk to your broker Gerry to find out more. What is the process [...]
