When going for that first home loan, having the right advice and expertise can be priceless. At Securezy Finance, we make it easy for you to get the help that you need today. Owning a home is hugely exciting, and we’ll make sure that you can get all the help, information and encouragement that you need to make that first home loan a successful one.
To start off with, we need to go through a few parts of particular process to help make sure you know exactly what to expect. This includes:
We’ll want to take a look at your earning potential. This is because just about any financial program will need to assess your suitability. We’ll undergo a personal assessment with you to make sure that you can get a fair response in line with what you are looking for.
Typically, we need to see proof that you have been in continuous employment for up to 12 months. If this includes commission/bonus work, we’ll discuss that with you. Business owners and self-employed traders need to provide 24-months of financial history.
Also, we need to talk to you about your savings as they play a major factor in deciding what you can do. With most lender looking to offer 90-95% LVR, you will need around 5-10% of your investment available in the bank.
Another important aspect of this process is that you might need to get family help with the 5-10% deposit. Gift deposits and gift duty come into play here; speak to us about this for further details
Instead of a deposit, you can usually get an interest-free loan from a family member instead. A long-term family loan would usually be expected to meet the same as the loan term from your lender.
Sometimes, you might need to provide other forms of security – including items and assets. We can discuss this with you in person to determine the best way to move forward. We often recommend everything from downsizing the kind of car that you drive to changing lifestyle and private asset purchase choices to help make sure you can get on the property ladder.
If you’d like to run a scenario past us, we will be glad to give you our initial thoughts. Use this form and we’ll be in touch.
The best thing to do is to register and complete our loan application pages. This gives us the information we need to be able to assess your options properly.
The first thing to do is contact our team at Securezy Finance. We can take a look at your personal circumstance and create a plan of action from there. To do this we usually need to see:
