Be informed when buying a home
November 26th, 2007
(Whyalla News)
For many people,buying their first home is guaranteed to be a reasonably stressful
experience. Like most things you haven’t done before, there is a bit to learn and
mistakes can be costly. The best strategy is to systematically do your research and be prepared!
Deposit: Where do I get it from?
This is a fair question, especially if you live in one of the more expensive metropolitan cities. You do have options, and some you may not know about: Save for your deposit in the traditional way equity from another property (usually your parents), pledges from relatives or gifted money. If you have a good income you may not need a deposit. Use your first home buyer’s grant
Deposit – how much do I need to buy a house?
It used to be that lenders looked for a 20 per cent deposit on a house. These days, lenders will accept as little as zero per cent deposit and include some or all of your fees in the home loan (effectively taking you to a 106 per cent loan). And the loan terms and interest rates might be more competitive than you think.
Honeymoon rates – are they good value?
“Honeymoon” or introductory rates are widely available and are offered to entice you with a low advertised rate. They are often more than 1 per cent below the standard home loan rate and the rate can be fixed, capped or variable for the first six to 12.
For more information on X Inc Finance and home loans, go to http://www.xinc.net.au/default.html
For more information on home finance or for confidential assistance with your home loan, talk to your local Mortgage Broker
Or call us at any time on 13 LOAN or direct on +61 2 9249 3739.
Ask a Broker a Question
Have a question and don't know where to go? Send us an email
Loan Market secures in excess of $600 million in home loans each month. We represent every major residential bank and lender in Australia, along with a wide range of leasing and personal finance lenders, deposit bond providers and our own Economy Home Loans. If you are looking for home finance which is in your best interest, talk to us.
X Inc specialise in high net worth home loans along with business finance and commercial loans. X Inc Finance brokers represent every major commercial and business bank and lender along with a number of specialist lenders.
Nearly half of Australian home buyers now use a mortgage broker to find them the best home loan. And there are plenty of great deals around if you know where to look and who to ask.
Ray White Group Property Search
Buying Property - Can we help you? Ray White sell one in ten properties in Australia and New Zealand and is Australasia’s biggest real estate group. With more than 60,000 properties for sale, your next home, investment or commercial enterprise could be right here.
Selling Property - Selling your home through a good real estate agent makes a lot of difference to the price you achieve and time it takes to sell. Your property is unique. It has individual features and benefits that will influence its value in ways that only you and your agent can maximise. Every Ray White real estate agent is supported by decades of customer care and local property knowledge.
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