Home loans & mortgage brokers in Geelong & Torquay
Hundreds of home loan options from Australia’s leading lenders.
Konnect Financial Services have experienced mortgage brokers and industry leaders in finding Geelong and Torquay home loans for our clients from hundreds of options by leading Australian lenders. Our experienced home loan finance brokers will work with you to establish your priorities – now and in the future – and deliver a home loan mortgage that is tailored to suit your circumstances.
With our mortgage broking services, we can source a variety of home loans including:
- Variable rate loans
- Fixed interest home loans
- Construction loans
- Lo-doc home loans
- Bridging home loans
- Refinance home loans
In addition to sourcing the right home loan for you, we offer a FREE self-drive removal van with every home loan confirmed through Konnect Financial Services. The only other condition is that you have a car licence in order to drive the vehicle! We really do aim to make owning your own home, and moving into it, a breeze.
Konnect Financial Services knows and understands that the process of buying a new home can be daunting. That’s why we have a step-by-step process to help you to understand how much you can borrow and the most suitable loan for you. We even submit your application and offer you expert advice and support right through to the settlement of your loan and beyond.
Step 1: working out how much you can afford to borrow
We will meet with you and assess your total borrowing capacity based on your current financial situation.
Step 2: helping you find a home loan that suits you
Each person has unique requirements when applying for a home loan. With hundreds of different mortgage products available, we will tailor a loan package that is right for you. We can also discuss strategies that can help you reduce your debt faster and help you implement them.
Step 3: contracts of sale
When you have decided to purchase and your offer has been accepted by the vendor, the purchase contracts are drawn up. It is always important to remember a few key points at this stage:
- If you haven’t organised your finance make sure you sign the contract of sale ‘subject to finance’.
- It is always wise to have completed a pre-purchase house inspection from a registered builder to check for structural or pest damage.
- If you are buying land and looking to build a home, look to have the soil tested etc.
Step 4: choose a solicitor/settlement agent
If you haven’t arranged a solicitor or conveyancer before signing the contract of sale, it’s best that you get their expertise involved. Their role is to manage your legal rights through the contract and purchasing period through to settlement. We have a Geelong conveyancer who can help.
Step 5: formal approval
Once your loan has been successfully approved we will contact you and inform your conveyancer and the real estate agent.
Step 6: settlement day
Prior to settlement we can go through your mortgage documents and return them to the lender on your behalf. Within a few weeks your loan is settled and the property is transferred into your ownership. You are able to begin moving in from this day.
Buying your first home is a major event in anyone’s life and it can be hard to know where to begin when applying for a home loan. At Konnect Financial Services, we’re here to make it as easy for you as possible, so we’ve provided this free introduction to buying your first home.
The first home owner grant is a one-off grant available to first home buyers who intend to live in the home they’re purchasing or building. You usually receive the amount upon settlement of your home loan or first progress payment. The first home owners grant can be used to assist with your deposit or to help you cover the costs in purchasing a property.
As a general rule, first home buyers require a minimum deposit of five per cent of the property value to be saved. This deposit will need to be saved over a minimum three month period. Lenders will no longer consider loan applications from applicants who have no deposit saved, but if you are in this position please contact us as there may be an alternative option.
Other costs to consider are legal fees, stamp duty on the property, and if you are borrowing more than 80% of the value of your home you’ll be liable for a one off lender’s mortgage insurance fee, which in most cases, can be added to your loan and paid off over the life of the loan. Note: stamp duty concessions/exemptions may also be available to first home buyers.
How much you can borrow depends on a number of things including how much deposit you have, your current household income and what monthly expenses (i.e. loans, credit cards) you have.
Once you have worked out how much you can borrow, you should see if you can afford the repayments. Contact us for assistance on calculating how much your repayments may be.
Konnect Financial Services service costs you nothing and is obligation free. There is no charge for appointments, processing applications, or on settlement of your home loan.
Our home loan brokers can come to you or you can visit our offices in Geelong to discuss your needs.
Book an appointment with a home loan broker from Konnect Financial Services.