MORTGAGE BROKER & HOME LOANS IN PERTH
House deal in Mandurah
Interested in a house and land in Mandurah? Interested in getting $36,000 grant in addition to the first home buyers grant? If you are a first home buyer and have $3,000 to put towards a deposit you could qualify. The grant can be used towards the deposit, so all you need is to meet normal finance criteria. To get the grant you must live in the home! Message me if you are interested and I can assess your circumstances further!
If you are not a first home buyer you can still apply for these homes and receive a $36,000 grant, but may need additional funds to cover the stamp duty.
Low Deposit - want to break the rental cycle?
Can you answer yes to the following questions?
- Total earnings for your household less than $110,000 (for couples) or $130,000 (for couples with kids or singles with kids)
- In your jobs for 6 months
- Permanent resident
- Entitled to first home owners grant
- Maximum purchase price does not exceed $450,000
- Low debt
You will also be required to evidence funds to pay for settlement costs (estimated at $1675 on a purchase of $450,000). That’s only $6,175 to get out of the rental game or less if you buy for less!
How soon after arriving in Australia can you buy property?
This will depend on a few things:
- How long you have been working in Australia
- If you worked in the same industry overseas before coming to Australia
- How much deposit you are putting down (banks tend to be more lenient when you put down 20% or more)
- I have placed finance for clients who have just arrived in Australia and have only had one payslip! Message me if you want to discuss and evaluate your circumstances.
Can you get a home loan with poor credit history?
The answer is yes. Several things will affect the lender you can go to and your chance of getting finance:
- Bankruptcy or default
- When the default occurred
- Have you repaid the default
- The default value
- Who the default is with
- How many defaults you have
In general for your past sins you may have to put down a larger deposit and/or your interest rate may be higher, but there are exceptions. Each persons situation is bespoke, and thus there is no black and white answer you will need to have your circumstances reviewed by a broker. Message me to discuss your circumstances.
INFORMATION ABOUT GETTING A HOME LOAN AND INVESTING IN PROPERTY
The Best Mortgage Tips
Choosing the right mortgage is one of the most difficult decisions you'll make and navigating your way through all the deals and entry requirements can be mind blowing. So why not get some free advice from someone who knows which mortgage is best for you, everyone is different and not all mortgages are suitable for you and your individual circumstances. And remember, a Mortgage isn't just for new house purchases, your broker should constantly evaluate whether your mortgage package is the best one out there. New deals come out on the market all the time and it's your brokers job to ensure you're always on the best deal.
I have access to home loans from a wide panel of major banks and secure lenders, and I truly understand home finance in a real estate context. Getting your home loan sorted out early can ensure you are in the best position to negotiate for your home on your own terms. And while the home loan application process can seem daunting, it is often simpler than most people think.
Investing In Property
You are in the right place! Property investment can be a smart wealth creation strategy, if you get it right. And that doesn't just mean finding the right property - you need the right investment finance as well. I can tailor your loan package to your investment strategy and goals. I work closely with your financial planner and accountant to make that happen. Whether you are an experienced property investor with a big portfolio, or just starting out with your first property, I can help you get the right investment loan for your circumstances.
Home Loan Deposits
Most banks and lenders will require a minimum deposit of 5 per cent of the value of the property you are purchasing, before they will approve you for a home loan. Depending on the lender and your individual situation, you may be able to fund your deposit from a range of sources, including genuine savings, monetary gifts, inheritances and first home owner incentives. However, most lenders will require at least a portion of your deposit to come from genuine savings. If you don't have the deposit required, you may be able to make use of family equity, also known as a limited guarantor loan. The most common form of family equity is where a family member, offers their existing property as security for a portion of the home loan, generally around 20 per cent.
Buying your first home is an exciting experience, but there is a lot to think about. I make the home loan application process as smooth and easy as possible, so you can concentrate on finding the right home. As part of my service, I will help you to understand the types of home loans available to you and will assist you in choosing the right one for your situation. If you are eligible for the First Home Owners Grant or any state government first home buyer assistance, I will help you fill in the paperwork.
Home Loan Pre-approval
Home loan pre-approval is a great way to ensure you know how much you can afford to pay for a property before you even start looking. A written pre-approval can also give you an advantage when negotiating on a property with a vendor, as opposed to someone who has no pre-approval or finance in place. Home loan pre-approval is generally valid for about three months, and you will still need a satisfactory valuation on the property you intend to purchase before your pre-approval can progress to a full loan approval.
Refinancing your mortgage is something that takes careful consideration. The most important thing to look at is if refinancing will place you in a better position than you would be if you stuck with your current loan. I can go through the sums with you to show you the costs involved in changing home loans, as well as your projected costs over a set timeframe for both your current and proposed home loans. And if you decide that refinancing is the right move for you, I will help you complete all the necessary paperwork to make the change.
Debt consolidation can be a handy solution when you are struggling with repayments on several debts, such as your home loan, credit cards and personal loans. Debt consolidation works by combining all those debts into your home loan, which is generally the debt with the lowest interest rate. Because the interest rate is lower, and the loan term is usually longer, your monthly repayments will drop, giving you a bit of breathing space.
Business and Commercial Loans
Good business finance is invaluable when purchasing and growing your business. Business and commercial loan options vary depending on whether you are a start-up or existing business. Whether you are buying commercial property, undertaking property development, expanding your business or need some cash-flow funding, assistance from an expert commercial finance broker will be invaluable.
Low Doc Loans for Self-Employed Borrowers
Many self-employed borrowers need a loan that isn't quite standard, mostly because they don't have the full financial history required to get a regular loan. Low documentation, or low doc, loans fulfil the needs of many self-employed borrowers. You'll still need some financial history and paperwork - often about 12 months BAS statements and an ABN that has been active for at least 6-12 months.
Upgraders / New Property Buyers - Bridging Loans
Financing the move from one property to another can be quite stressful, especially if you are yet to sell your home - a bridging loan can help free up the funds that are tied up in your current property to purchase the next one. With a bridging loan, your lender will use both your current and new property as security and lend you enough to buy your new home. While you are waiting for the sale and purchase process to be completed on both your current and new property, you make interest only repayments on the loan, or maybe even no repayments at all (referred to as capitalising the interest). Once you have sold your old home, the proceeds go towards paying off your bridging loan. The amount left over (known as the end debt) is then transferred to a standard home loan, becoming the home loan on your new property.