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0412 443 993


Postal Address
285 Lennox Street,
Richmond VIC 3121

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New Home Buyers

Buying a home is one of the biggest things you’ll do in life. We’re here to help you by making sure you have the information and options you need to find the finance solution you’re looking for. Spend time focusing on your new dream home, and let us do the hard work for you by finding the right loan. We can support you through the entire loan process and answer any queries you may have along the way.

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Remarkable Finance can:

  • determine what’s important to you in a home loan and understand your individual needs
  • indicate how much you can borrow to purchase your new home
  • determine what your new loan amount and repayments are likely to be once you have paid out your existing loan
  • assist with bridging finance if you decide to purchase your new home before selling your current property
  • present a short-list of the most suitable loans available, ensuring that you select the best loan for your individual needs.
  • assist with obtaining pre-approval, giving you confidence when purchasing property
  • manage the entire loan process through to settlement, keeping you updated at each stage

A general Home Buyer FAQ guide

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. You may be able to borrow against the equity in your existing home or an investment property. 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 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:

  • Stamp duty — This is the big one. All other costs are relatively small by comparison. Stamp duty rates vary between state and territory governments and also depend on the value of the property you buy. Contact us to find out more.
  • Legal/conveyancing fees — Generally around $1000 – $1500, these fees cover all the legal requirements around your property purchase, including title searches.
  • Building inspection — This should be carried out by a qualified expert before you purchase the property. If making an offer, the Contract of Sale should be subject to the building inspection (if possible), so if there are any structural problems you have the option to withdraw from the purchase without any significant financial penalties. A building inspection and report can cost up to $1000, depending on the size of the property. 
  • Pest inspection — Also to be carried out before purchase to ensure the property is free of problems, such as white ants. Your Contract of Sale should be subject to the pest inspection (if possible), so if any unwanted crawlies are found you may have the option to withdraw from the purchase without any significant financial penalties. Allow up to $500 depending on the size of the property. 
  • Lender costs — Most lenders charge establishment fees to help cover the costs of their own valuation as well as administration fees. We will let you know what your lender charges but allow about $500.
  • Mortgage Insurance costs — If you borrow more than 80% of the property value, you’ll need to pay Lenders Mortgage Insurance (LMI). You may also consider whether to take out Mortgage Protection Insurance.
  • Ongoing costs — You will need to include council and water rates along with regular loan repayments. It is important to also consider building insurance and contents insurance. Your lender will probably require a minimum sum insured for the building to cover the loan. If you buy an apartment or unit, regular body corporate fees are usually payable.