You should first get in touch with a mortgage broker before you start looking for and bidding on houses. A mortgage broker will assess your financial situation and evaluate your purchasing power. When you know how much you can spend on a home loan, that’s when you know how much you can bid on for a house. So always get in touch with a mortgage broker before you start house hunting.
Yes, we can. Our staff can arrange a time and meeting location appropriate for you. We are not limited by standard business hours.
Our staff are available for appointments 7 days a week. Our aim is to fit around your busy work schedule so there’s no need to arrange for time off work. We can come to your house 7 days a week when it’s convenient for you.
We will not charge you a fee for our service. Sprint Finance is paid a commission by the lender you choose. Details of this commission will be fully disclosed to you when you first get in touch with our service. Government and lender fees and charges will apply to your home loan. We will take the time to explain these fees and charges to you in greater detail if you need us to.
We’ll send you a questionnaire before our first meeting. This information will help us create a plan that aligns to your financial goals. During our first meeting, we’ll go over the basics. We’ll discuss what options are available based on your current financial situation. Reports will be provided that outline current interest rates and repayments for your desired mortgage amount.
In your initial meeting, we will discuss the various types of home loan products available. We will also explain the entire process from getting pre-approval all the way to the day of your settlement date.
In most cases, a first home buyer needs to save at least 5% for a home deposit. However, it’s in your best interest to contribute as much as you can now. The higher your deposit is now, the less interest you will have to pay in the long run. You should also consider the fact that when a deposit is less than 20%, stamp duties and lenders mortgage will still apply.
Depending on the size of your deposit and other factors, you may have to pay lender and government fees. Additional charges may include stamp duty, land transfer registration, loan application fees, and whatever services charges may apply from your Conveyancer.
You can avoid being charged lenders mortgage insurance by tapping into the equity of your parent’s house. This effectively reduces the risk for the lender and can help you secure a higher value loan. It is strongly advised that your parents seek independent legal advice so they have a full understanding of their rights and responsibilities during this process.
An SMSF is a Self Managed Super Fund. It’s a small superannuation fund established under super law to give you more control over how your money is invested. It gives you transparency over where and how your superannuation assets are being invested. Maintaining an SMSF can require a lot of attention and maintenance compared to standard industry super funds you see being advertised today.
Refinancing your loan can open up many doors for you. If you’re looking to lower your interest rates and repayments then talk to a Sprint Finance consultant to see what options are available. Refinancing may also help you tap into the equity of your existing property portfolio.
We highly recommend you enlist the services of a qualified Conveyancer for your next property purchase or sale. A Conveyancer can help ensure all the necessary property checks are carried out and can help manage the settlement process for you.