MORTGAGE BROKER ROSEBUD
Why Choose Will Bell As Your Rosebud Mortgage Broker
Sorting out a home loan can be a daunting process, dealing with banks and solictors and real estate agents can all become a bit overwhelming. The team at Will Bell Mortgage Broker Rosebud will help you with the heavy lifting when it comes to the finance.
We give you the right advice when it comes to your finances and we work out tails off for our clients. We’ve been in the mortgage broking industry and have stood the test of time; our online reviews are a testament to that.
We also provide service to the surrounding suburbs of Mount Martha, Safety Beach, Dromana, Capel Sound and the larger Mornington Peninsula area.
WIDE OPTION OF BANKS AND LENDERS
First Home Buyers FAQs
Typically, a deposit equivalent to 20% of the total house value is considered a good target. But, you may still secure a loan with a smaller deposit by taking out Lenders Mortgage Insurance (LMI).
Lenders Mortgage Insurance (LMI) is a form of insurance that lenders obtain to safeguard against the risk of not being able to recover the outstanding loan balance. This typically occurs when borrowers default on their loan payments, and the property is sold for an amount that falls short of the outstanding loan balance.
The majority of State and Territory governments extend stamp duty concessions to first-home buyers, and in certain instances, they may waive the requirement to pay stamp duty entirely. For example, in Victoria, first-home buyers are exempt from paying stamp duty if the property’s value is less than $600,000, and the contract was signed after 1 July 2017. Additionally, if the property value falls between $600,000 and $750,000, first-home buyers can benefit from a concessional stamp duty rate.
The majority of expenses associated with purchasing a property are usually dependent upon the property’s value and its location. State and Territory governments have varying costs, such as stamp duty, transfer fees, and council rates. Other “add-on” costs you must be prepared for are your Conveyancing Fees, Buyers Advocate Fee (if you’re getting one), Building and Pest Inspection, water rates, and some post-settlement costs. You can check-out our blog on “The Costs Involved When Buying A House” here to know more.
Navigating the mortgage market can be overwhelming, but a mortgage broker can simplify the process. With access to a range of lenders, they can help you find the right mortgage product tailored to your unique financial situation. Brokers have extensive knowledge of the market and can negotiate on your behalf to secure better rates and terms. Let our professional mortgage broker guide you through the process of finding your dream home!
Services We Provide
Contact Us for Mortgage Broking Services in Rosebud
If you would like to find out more about our mortgage broking services on the Mornington Peninsula, or would like to learn more about our other range of services, including refinancing, feel free to get in contact with the team at Will Bell Mortgage Broker. Give us a call on 0448 111 046 – we will be happy to assist you with your enquiries.
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