In recent years many young people and potential first home owners have been reluctant to take out loans to enter the real estate market due to booming prices.
But there are changes afoot, with a cooler market providing opportunities for people to achieve their dream of home ownership.
Buying a house or land to build on is a big step in your life. While it’s definitely exciting, navigating the confusing world of first home owners loans can be overwhelming at times.
And that’s why having experienced home loans brokers from Konnect Financial Services to help you through the whole process can bring peace of mind to a stressful time.
We break the act of buying a home into six easy steps and then guide our clients calmly on their path until they have the front door key in their pocket.
The first task to cross off your list is deciding how much you can borrow without putting yourself under financial hardship. We can use our repayment budget calculator to gauge your ability to repay your home loan and discuss repayment strategies that can strip months from the life of your loan.
Then it’s time to find a home loan that suits your circumstances. Because we have access to many first home owners loans from a range of leading lenders, we’ll find a great fit for your circumstances.
Next up is organising a builder to inspect the home you are keen to buy. A pre-inspection will give you the heads up on any structural or pest problems that have the potential to turn home ownership dreams into nightmares down the track.
We also advise clients to engage a solicitor or conveyancer to handle the legalities through the whole contract and purchase process right up to settlement day. They will ensure your legal rights are protected. And that’s crucial.
Formal approval is a welcome step, and we’re happy to liaise with all the relevant stakeholders on your behalf.
Then comes the final step – settlement day. Our home loans broker can go through the mortgage documents with you to ensure everything is in order, then get the paperwork to the lender for you in the lead-up to settlement day. And before you know it, you’ll be the proud owner of a new home or block of land.
If this is your first property purchase, you might also get a welcome financial boost from a one-off first home owners grant. We can help you discover whether you are eligible for the grant.
It’s also worth noting that there’s no upfront fee for our service at all. And that’s welcome news right there.
So don’t navigate the path to home ownership alone. Our experienced mortgage brokers have been finding quality first home owners loans for clients for years and are here to help. Please contact Konnect Financial Services today to book an appointment.