Purchasing your first property can be a daunting task, yet very exciting at the same time. There is a lot of market information available which can be overwhelming without the help of an experienced mortgage broker, and it can be difficult to know where to start. We can support you to navigate through the entire loan process, provide tips and answer any queries you may have along the way.
Remarkable Finance will also assist in determining whether you are eligible for the First Home Owners Grant or Stamp Duty Concessions, which can make a significant difference to your budget. This grant may be available to Australian citizens or permanent residents who wish to buy or build their first home, which will be their principal place of residence within 12 months of settlement. As grant conditions vary from state to state, contact us to find out more about eligibility requirements in your state and how much grant money or stamp duty concession you could receive.
How much money can I borrow?
We’re all unique when it comes to our finances and borrowing needs. Contact us today, so we can help with calculations based on your circumstances
How do I choose a loan that’s right for me?
Our summary of loan types and features will help you learn about the main options. There are hundreds of different home loans available, so let us provide a short-list of the most suitable loans for your individual needs.
How much do I need for a deposit?
Usually between 5% – 10% of the value of a property, which you pay when signing a Contract of Sale. If you’re struggling to save for a deposit, many first home buyers are getting assistance from family members, either through a gift or family guarantee (where the equity in their home is used to guarantee part of your loan). Speak with us to discuss your options for a deposit.
How much will regular repayments be?
Your repayments will depend on the loan size, interest rate, and repayment type on your home loan. Contact us today, so we can help with calculations based on your circumstances.
How often do I make home loan repayments — weekly, fortnightly or monthly?
Most lenders offer flexible repayment options to suit your pay cycle. Aim for weekly or fortnightly repayments, instead of monthly, as you will make more payments in a year, which will shave dollars and time off your loan.
What is the First Home Owner Grant and can I get one?
This is a grant available to Australian citizens or permanent residents who wish to buy or build their first home, which will be their principal place of residence within 12 months of settlement. Contact us directly to find out more about eligibility requirements in your state and how much grant money or stamp duty concession you could receive.
What fees/costs should I budget for?
There are a number of fees and costs involved when buying a property. To help avoid any surprises, the list below sets out many of the usual costs: