Buying your first home is exciting but there is also a lot to consider with the amount of lenders and loan options available.
First Home Owners
Being a first time property buyer can be both exciting and nerve wracking at the same time. Most require a loan to secure their first home and given the lender will demand interest payments and security over the property until the debt is paid off the whole exercise is not without its risks.
Here at TLC we will make the process simple and keep it exciting. Unlike other Mortgage Brokers we will help you to access the risks comprehensively and put a plan into place to first purchase your home and then pay it off as quickly as possible.
These loans tend to be long term in nature and the longer it takes you to repay the debt the more money the Lender makes. It makes sense to structure your debt repayments in an orderly fashion and to make sure that you have optimised your capacity to repay the loan.
Loan choice can be daunting with many lenders in the marketplace offering a range of products.These days arranging your mortgage or re-mortgage isn't as straight forward as it seems. Lending criteria is generally much stricter than it once was and you will benefit from the industry knowledge and contacts of your TLC lending specialist. This could mean the difference between a costly mortgage and a competitive one.
Your TLC lending specialist will help you consider:
- How much you can borrow
- How to save for a deposit
- How much deposit you have / may need
- How you are going to pay the loan back in the shortest possible time
- Whether to fix monthly payments and if so for how much of your loan
- Whether you may need the flexibility to make lump sum payments
- Whether the lender can move quickly enough to secure the property you desire
- How much will you need to pay in fees and costs
- What the mortgage process involves
- Your ability to continue to pay off the mortgage in the event that you are unable to work
At TLC we know that nobody get's excited about getting into debt. Rather the debt is a means to an end in securing your home. The most exciting thing is the prospect of paying off the debt and owning your home. With this comes a sense of financial security and peace of mind. That is why everything we do at TLC is built around your desire to acquire the home and then own it.
From the type of loan or loans that are selected, the features built into the loans, the interest rate/s and the establishment of your debt repayment plan, we work with you over time to ensure your objectives are met. Overall our service will help you to take the right turns in the mortgage maze and ensure a stress-free and smooth mortgage process.
