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Move Into Your Dream Home Sooner.
Are you ready to upgrade to your dream home, downsize to a smaller home, or buy an investment property?
Our team can help secure maximum borrowing power on the most attractive finance package available, tailored to your individual circumstances.
We use the latest technologies to quickly evaluate hundreds of home loan options. Then we aggressively negotiate directly with the lenders to get you the most competitive deal, this might include cash-back offers, lower interest rates, decreased fees, more flexible terms, or better features.
Talk to our friendly team today to discover how Specialist Mortgage can help you achieve your property goals sooner.
Let us quickly perform a free mortgage assessment to ensure the most suitable home loan package for your individual circumstances and preferences.
The equity in your home equates to your property value minus the amount owing on your mortgage principal. The more equity you have, the lower your risk which can open up alternative features and a lower rate.
Having pre-approval means you’ll know how much you can borrow (and spend!) making your offer to purchase a home a little more certain. Pre-approval helps keep you within your budget as well as negotiate on price.
Selling your current home and purchasing your second home can be a challenging process. Specialist Mortgage work with you to provide clarity and simplify the process so you can move into your new home faster.
If you already own property, you may be able to use the equity towards the deposit on your next home. The equity is the financial value in your current home, less any money owed on it, such as the mortgage principal.
If you have enough equity in your current property, you may even be able to buy your next home using a no cash deposit by using the current home as security on the new mortgage debt.
You may build up enough equity in your home over time by paying down the mortgage debt, or due to the property value increasing over time, or even through home improvements.
Whilst using equity has its advantages, there are also risks involved such as mortgage stress created with interest rate rises, negative equity if home values decrease, or home foreclosure if you are unable to meet repayments due to changes in financial circumstances.
If you need to sell your current home to finance the purchase of your next home, timing the two transactions can be tricky.
A short-term bridging loan could provide a solution so that you can move into your new home before you have sold your current property.
Whilst a bridging loan may assist with the transition into your new home, it’s imperative to be aware of the potential drawbacks such as increased mortgage costs, higher interest charges and possible loan termination fees.
There may be a risk that you may sell your home for a lower than anticipated price. You must be sure this won’t lead to financial difficulty if you are left with a larger than expected mortgage, or if you are faced with having to find cash to bridge a shortfall.
An even bigger risk is if you don’t sell your home at the required time. Not only will you pay more in interest during this period, but the bank may also intervene to sell your home, often for less than you would have liked.
You have saved the deposit to buy your home, now let’s review the other upfront costs of buying a house.
Is a state tax and likely to be one of the largest upfront costs. You may be eligible for stamp duty concessions or exemptions depending on your individual circumstances. Check your state or territory government’s website for current information.
Is a state government fee for transferring the ownership of the title. Costs vary greatly from state to state.
Is a state government fee to register the mortgage on the property title.
Are fees from your solicitor or licensed conveyancer to review your contract, perform checks on the title, draft the settlement documents, and carry out the process of transferring the property to you.
Are the fees your lender charges to process and set up your mortgage.
If your deposit is less than 20% you may be charged Lenders Mortgage Insurance (LMI) to protect the lender, should you not be able to meet your mortgage repayments.
Are fees to conduct a valuation of the property.
It is highly recommended to purchase a detailed building and pest inspection report conducted by a qualified professional. This should be arranged prior to going to contract, or you should include a suitable building and pest clause in the contract.
It is compulsory to have building insurance before going to settlement. States have different requirements in terms of timing, some require insurance at settlement whilst others require it at unconditional contract. You should read the insurance product disclosure statement and shop around as premiums vary greatly by provider.
It is recommended to get at least 3 quotes for the removalists. You should also factor in the delivery costs for new white goods and furniture.
Budget for the connection and ongoing costs of utilities such as electricity, gas, water, internet.
Start your buying journey and find out how much you may be able to borrow today.
Calculate your projected savings over a period of 1 month to 5 years with our calculator.
Take into account additional fees like stamp duty, building inspections and more.
We have a team solely dedicated to annual client home loan reviews.
If there is a more suitable home loan that could put money in your pocket rather than the banks – we will let you know!
If there is an opportunity to negotiate a better deal with your current lender then we will pursue it!
Conversely if your circumstances change we can review your current situation and find alternative options for refinancing or renegotiating to suit your situation.
Specialist Mortgage and aussieproperty.com are part of the SMATS Group of companies, who are international leaders in providing taxation, finance, investment, and real estate services to since 1995.
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© SMATS Services (Australia) Pty Ltd ABN 37 141 112 807 T/A Specialist Mortgage. Specialist Mortgage Ltd T/A Australasian Taxation Services (Hong Kong) 867748. Australian Credit licence 385201. The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only. Privacy Policy & Terms of Use | Credit Guide
