Steps to Buying Your First Home in Brisbane
To help you get started with your home loan journey, our team of experts have outlined the process. This information will be extremely helpful when it comes time to buying your first home in Brisbane and the Redlands.
Step 1: Find out how much you can borrow
The first step in your home buying journey is to do a few quick sums to find out how much you can borrow for your dream home. Our home loan borrowing calculator will give you an initial estimate of what you could potentially borrow from a bank. This can be extremely helpful when it comes time to finding your dream home.
It’s also important to know that First Home Buyers have access to some incredible incentives when it comes to the purchase of a new home. To find out what grants you’re eligible for, contact Loan Mate on 07 3054 0515 or check them out here.
Step 2: Find a Property
Once you know your borrowing capacity, you can confidently search for your dream home. When it comes to finding the right property, there are many factors to consider. They include, choosing the right suburb, home features and capital growth potential. Websites such as Domain and Realestate.com.au can help you locate the right property.
Before you submit your offer, have a chat to Loan Mate – Brisbane’s best mortgage brokers. We work 7 days a week and our team of mortgage brokers will help you understand what the property is worth and provide you with a full property report valued at $40.
Step 3: Make an offer on a property
It’s now time to submit your offer – but where do you start? The first thing is figuring out how much you’re willing to offer for the home you have found. To guide you through this step, having pre-approval in place can really help, especially if you need to respond to a counteroffer.
To help you with this step, our team of mortgage brokers at Loan Mate will guide you through the entire home loan process and take away any stress. Give our team a call on 07 3054 0515 now to discuss your situation.
Step 4: Applying for a Home Loan
Congrats, now it’s time to officially apply for your home loan. Don’t worry, this is where we come in and handle all of the paperwork and discussions with the banks for you.
As part of our home loan service, we’ll search through hundreds of loans options to find the right one for your lifestyle. As your local broker in Brisbane and the Redlands, we offer our home loan service at no charge to you as the lender (bank) pay us a commission when your home loan settles.
Step 5: Conveyancing, Legals & Searches
Before your property settles, it’s important to complete any necessary property searches to ensure there are no major problems with your new home. You may want to consider a building inspection and any relevant title searches.
A lawyer experienced in property conveyancing will be able to guide you through this process. Contact the team from Loan Mate to find a trusted and reliable conveyancer.
Step 6: Settlement
Congratulations! You have just settled your home loan! Now it’s time to move in and make the property your new home. Don’t forget to organise utilities, electricity, internet, foxtel, and mail redirection.