By Darren Law
Buying your first home!
What an exciting time this is! The idea of ‘maybe’ that blossoms into an online search, which further transforms into attending the odd inspection here or there. So often we find our first home buyers were just ‘looking’ and after an inspection or two, they are ready to get serious but don’t know where to start. We’ve outlined the steps for you:
Preparation is often overlooked for first home buyers as the excitement of turning the key into something you own gets the better of you! With Control Finance & Broking we will run you through the entire process to ensure you can focus your energy on sourcing your ideal first home. Things like deposit size, LMI (lender’s mortgage insurance), borrowing capacity & your price range are some of the first steps!
- Finding your property
We’ll be ready to take your call and help discuss finance options as soon as you find that property. Sometimes certain lenders want to avoid certain properties like smaller units (under 50sqm), some postcodes (different risk ratings), different zoning or flood areas to name a couple of things. You can be assured we will help with your research to ensure that you are aware of any potential borrowing conditions.
- Home loan application
We take care of the process from start to finish and beyond! After filling out our online fact find we will start the research process and find the right loan for your needs.
- Home loan approval
We’ll discuss our research and your home loan options. We will have multiple loan options available to discuss, often each has different benefits & options. Once we agree on the right loan we will look after all the liaising with the lender so you can relax and ensure you’re in safe hands.
Your solicitor and the chosen lender will arrange a settlement on your behalf. This is where you finally become homeowners! We’ll let you know any other little incidentals and help you with any questions you may have. Pick the keys up and move in!
- Post Settlement
Your circumstances are bound to change which is why we will be here to help when they do. Better still we are on the front foot and proactive about our business dealings and we will be in touch every six months as a minimum commitment to you. With interest rates constantly moving, banks merging, new products and new legislative changes; we will be here to assist you along the way.