Purchasing a property is one of the biggest decisions, financial or otherwise, that we make in our lives.
One of the first things to you need to work out is what you can afford and what features you'd like in your new home. At Mates Rates Money we're more than happy to discuss at length any and all questions you may have which will enable you to make an informed decision and therefore get you the best product for your specific situation. We'll help you understand the costs, up-front and long-term as well as discuss different product options with you and tailor your service to your requirements.
One of the first things we'll help you work out is;
What you can afford...
To purchase property you'll need to contribute some of your own money towards the property to cover the deposit, fees and charges associated with the purchase. At Mates Rates Money we will discuss your situation with you and help you to consider how buying a home will impact on your money and financial situation over the long-term. This may seem like an obvious thing, but many people begin looking at their dream properties and are disappointed when they miss out for one reason or another.
Mates Rates Money will, based on your finances and financial history, get you 'pre-approved' for you maximum borrowing potential with a home-loan lender. You can then start shopping with the knowledge and confidence that you'll be able to buy a property and make the repayments!
You'll also need to work out other expenses surrounding home-ownership such as land, council and water rates, home & contents insurance and for apartments and units, strata levies. It's important to be aware of these costs! Of course, we will help you understand the impact of these additional on-going expenses.
Up-front costs, fees and charges
A deposit on your desired property is a large, initial expense - The deposit will usually be 10% of the purchase price. You should also be aware of other up-front costs which may include some of the following:
As there are many products available from many different lenders, Mates Rates Money will walk you through the specifics of the loans that suit you - this way, you'll know what to expect when you choose a home loan and you won't miss any payments or be surprised by additional costs!
The First Home Owner Grant
For information on the FHOG, simply visit our page dedicated to first home buyers.
Choosing a home loan
When it comes time to choose the loan that’s right for you, we’ll have equipped you with the knowledge to choose the right product! We’ll cover all aspects of the loans that suit you to allow you to make an informed and easy decision. Mates Rates Money will take the time, confusion and guess-work out of comparing different loans and will calculate on the spot just what your chosen product will cost you.
Why use a mortgage broker?
Mates Rates Money has a single purpose and that is to assist people who are looking to buy a property! It's as simple as that. As you've probably already discovered after browsing through this website, Mates Rates Money will be able to help you find out which loans are suitable, what’s involved and how to apply. We even submit your application, monitor the application and we maintain the application on your behalf - and, as we have the ear of the banks and lenders, we can even arrange special deals for our customers!
It's in our interest to find you a competitive loan package and to give you the best advice so that you're comfortable and confident and so that we can help you in future.
Best of all, our services are free - we're paid by the lenders when your home loan settles!
