Buying your first home | Mortgage Broker in Frankston & Langwarrin
As your local mortgage broker in Frankston, Langwarrin, Patterson Lakes & surrounds, we are here to guide you through the entire home loan process, from start to finish.
If you haven’t found the right property yet, our team can help you organise pre-approval so you can shop around for your new home with confidence knowing exactly what you can afford. Find out more about what home loan pre-approval is in our short video below.
What is home loan pre-approval?
Want to know more? Check out our resources below!
- Download your free property guide for first home buyers
- Find out how much you can borrow
- Watch our latest videos about the property market
The steps to buying your first home! Mortgage Brokers in Frankston
- Budget & Save
Plan your budget to see how much you can afford to repay, and set a plan to start saving for a deposit.
- Establish your capacity
Meet with our team of brokers from Mortgage Choice Frankston & Langwarrin to discuss your finance options and work out how much you can borrow
- Choose your loan & lender
Work with us to select the right loan for you and request loan pre-approval. As your mortgage broker, we will take care of the application and paperwork.
- Operation dream home
Let the fun commence! You now get to search for your new home, safe in the knowledge of how much you can afford to spend.
- Assess and inspect
Organise building and pest or strata inspection on the home of your choice.
- Make an offer
To buy through a real estate agent, make an offer and begin negotiating on price. To buy at auction, place a bid and hold your nerve!
- Sign & exchange contracts
Once an offer has been accepted, contracts are signed and exchanged. At this stage, you will pay your deposit, usually 10% of the purchase price.
- Cool off
You now have a few days to change your mind about the purchase. If you back out, you may forfeit some of your deposit. There are regional differences in cooling-off periods, and if you have bought at auction, you won’t have the option. Auction purchases are final!
- Settle & celebrate
Settlement usually occurs four to six weeks following the exchange of contracts. The keys are handed over, and you are officially a home owner!
As your mortgage brokers in Frankston & Langwarrin, we can help you find the best home loan for your needs. Book your free appointment today by calling Peter on 0413 439 766.
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