Mortgage Brokers Box Hill | Home Loans Sydney
Purchasing property in Box Hill
The first step when you are in the market to purchase a property is to prepare by making sure your financial situation is stable. To get your finances in order start by creating a budget and a solid savings goal.
It's also important to identify how much you can borrow and how much deposit you will require for the property purchase. As your mortgage broker in Box Hill, these are the things that Shikha can help you with.
Over the last year, the median property price for a house in Box Hill was $1,275,000, so if you're looking at purchasing a property in this area, it'll be a good idea to get in touch with Shikha Tripathi to discuss your borrowing capacity.
To chat about your options, get in touch with her today!
Start your home loan journey today
Frequently asked questions for home buyers
How much do I need for a deposit?
To understand what you can afford to buy, it is important to know what your deposit will be. When you're saving for your home loan deposit, it's great to aim for at least 5%. Make sure to factor in more than just the price of your dream home.
How much money can I borrow?
Want to find out how much you might be able to borrow for a home loan? Our borrowing power calculator gives you an initial estimate of what a lender may be willing to lend to you.
This is a handy step to take before you contact your mortgage broker so that you can see the effect different interest rates and loan periods will have on the amount of money you can borrow, the total interest you pay and your estimated monthly loan payments.
What fees/costs should I budget for?
There are a number of fees involved when buying a property. Some of them include:
- Stamp Duty
- Legal/conveyancing fees
- Building and pest inspections
- Insurance costs
- Moving costs
- Ongoing costs
If you would like a more accurate breakdown, feel free to get in touch with Shikha Tripathi to discuss your unique situation.
If you're ready to chat, get in touch with mortgage broker Shikha Tripathi to discuss your home loan needs - 0490 818 904.
