Thinking about buying your first home?
It doesn’t have to be stressful, nor uneasy!
The process of buying your first home should be a joyous occasion. However, you probably don’t know where to start and what product will be best suited to your circumstances, nor which colour pillowcases to get. We can’t help with the pillowcases, but we can help with the loan…
Let us give you a few tips that will help you to make a more informed decision:
Budgeting
Just like planning a holiday, with buying a house and budgeting you are planning the rest of your life! When taking a loan for a property, keep in mind it is not just the repayments you need to fund. In most cases you’ll want a steady plan to pay off the principal alongside the interest. There are also some upfront costs you should know about such as legal fees and transaction costs.. This budget planner here is really helpful. Not only will it help you to know where your money is going but it will help in saving a deposit for your home.
TIP: If you have credit cards you rarely use, consider cancelling them. This will make you much more attractive to a lender!
Searching for your dream home
If you’re having trouble deciding between building or buying a brand-new property, then start by solving some basic questions first. Do you see yourself living in a house, townhouse, or an apartment? Do you want a 2, 3 or 4-bedroom property? This will help to narrow down your options and decide if buying a house and land package or building from scratch will give you what you are looking for.
Regardless of your decision the Government currently is offering incentives to help you get into your first home:
- Home Builder Boost – $15,000
- Fist Home Loan Deposit Scheme – No lenders mortgage insurance
- Frist Homeowners Grant – $15,000 (QLD)
- Stamp Duty Concessions – <$500,000 attracts 0 transfer fees.
You could be eligible for $30,000 of Government Grants that can help you get to your first home sooner. We can certainly help in identifying your eligibility.
Why choose us?
Banks will push their own agenda, where as a broker find you the best deal. Any commissions we ear come directly from the lender and are not on top of your mortgage. To spell it simply, a small fee of $200 will give you the best deal possible for you circumstances. This can save you thousands over the term of your loan. Once we’re familiar with your circumstances we can mobilise quickly to help you acquire further properties and build your portfolio over time. But don’t take our word for it….
Licensing statements: Orchard Mortgage Brokers (Qld) Pty Ltd ACN 671 112 137 Trading As Orchard Mortgage Brokers is an authorised Credit Representative 556459 under Australian Credit Licence 389328 General disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply