First Home Buyers
Buying a home is said to be one of the biggest financial decisions most people will make in their life time, with the home loan being a key part of that decision.
The team at Unlocked Finance is focused on delivering you a personalised service and competitive finance solutions for your first home purchase, whether it is an existing home or a land and construction transaction.
Unlocked Finance sources lending options for property located in Toowoomba, Warwick, Dalby, Gatton and across the Darling Downs, Queensland and throughout Australia. We are truly your one stop shop for finance needs anywhere in Australia.
We understand that buying your first home can be a stressful experience as you ponder whether you've made the right choice and whether you will be successful in obtaining a home loan. Your Unlocked Finance mortgage broker and finance consultant is there to lead you through the process so that you always feel in control and fully informed from start to finish.
What's the process?
After making the decision to become a home owner, the next step is to prepare your finances and book an appointment with your Unlocked Finance broker. All you need to bring is evidence of your current income, deposit, debts and expenses so your consultant can work out your borrowing capacity, calculate potential repayments and determine a purchase price range that you are comfortable with and can afford to repay.
Unlike some of the other states in Australia, home buyers sign a purchase contract at the beginning of the process. The contract specifies the details of the property you are purchasing, the buyer/seller, the price and other relevant information. Prior to signing a contract, Unlocked Finance strongly recommends that you consult a solicitor to obtain legal advice on the purchase, the timeframes and other contract conditions. One of the important conditions on the contract relate to the finance and settlement dates. Your solicitor will advise you on appropriate timeframes to ensure there is sufficient time for the solicitor, Unlocked Finance and the lender to complete all the necessary tasks before the finance approval date and settlement.
It is also important to be aware of some fantastic incentives offered to first home buyers. These include the first home buyers grant for new homes and the transfer/stamp duty concessions available. Further information is available at www.osr.qld.gov.au
Buying your first home does not need to be a daunting or stressful experience. Embrace the excitement and call us today.