Purchasing Property
Buying your next home is exciting, but it can also be daunting. We are here to make it as easy for you as possible. Below are some steps that you will need to consider before purchasing your property. Your Zar Mortgage Brokers Consultant can assist you with these steps.
- How much deposit will I need?
- Can I buy before I sell?
- What are all the costs of buying?
- How much can I borrow?
- How much will my repayments be?
- Finding a loan?
Click here to start your free loan comparison service and borrowing capacity check.
How much deposit will I need?
With a guarantee from family, a deposit you may not be required your first home although 3% of the purchase price is normally required without a guarantee, some lenders today do not require a savings history for the 3% a gift may be acceptable for this deposit. Your Zar Mortgage Brokers Consultant can work out exactly how much deposit you will need for your purchase.
Can I buy before I sell?
In some cases it is possible using a briding type of loan. Bridging home loans allow you to purchase your new property using your existing property as security you have built up in your property.
What are all the costs of buying?
The costs of buying and financing a house include the lenders application fees, possibly mortgage insurance if you are borrowing more than 80% of the property value, your own costs such as conveyancing and inspection costs as well as government duties such as stamp duty.
Visit the Stamp Duty calculator.
How much can I borrow?
How much you can borrow depends on how much deposit you have saved and your current income. With our comparison service, your Zar Mortgage Brokers Consultant can work this out quickly and easily for you, please input details on our how much can I borrow calculator to arrange your loan comparison service and an estimate on your borrowing power.
How much will my repayments be?
Once you have chosen your loan, your Zar Mortgage Brokers Consultant will tell you how much your repayments will be.
Use our repayments calculator to get an estimate.
Finding my loan?
Your Zar Mortgage Brokers Consultant can help you choose a loan solution that is right for you, without all the running around.
Click below to start your free home loan and investment loan comparison service and borrowing capacity check to assist you with your property purchase.
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