Home Loans and Investment Loans
We understand buying a home is one of the biggest financial and emotional decisions you may make in your life. It is such an exciting time, but can also be overwhelming and a bit daunting.
We are here to help you every step of the way, and will always keep you informed.
Many things change in the finance industry, sometimes weekly, so even if this is not your first property purchase, we are here to keep you informed of what has changed, what is the best rate and product for you at the time you are looking.
To our First Home Buyers, who we love to work with, there is many things to think about before you embark on purchasing your first home, and a few of these things are listed below:
You will need a minimum 10% of the value of the property (purchase price), which includes 5% deposit, plus 5% to cover purchase costs including stamp duty. A deposit can come from your savings, and:
Before you spend hours trawling through the property websites, let an Accelerate Broker complete some calculations to help you understand how much you can borrow. Your Borrowing Capacity depends on how much you earn, and what your living expenses are.
You can also use our online Borrowing Capacity Calculator.
A pre-approval will help you shop with confidence, knowing what price range is realistic, and that you won’t miss out on that perfect property.
These upfront costs may include;
When you borrow more than 80% of the value of the property you may have to pay Lenders Mortgage Insurance. This is a once off cost and can generally be added to the loan amount and paid over the term of the loan.
Let the Accelerate Group assist you in structuring your loan to suit your situation and needs.
The First Home Owners Grant (FHOG) varies from state to state, however, in South Australia the grant for eligible first home buyers is for new homes only.