Your How-to Guide to Buying Smart
1.WORK OUT A BUDGET
You’ve got your home and neighbourhood in mind. It’s smart to meet with one of our experienced Mortgage Consultant now to get a handle on much you can afford as a monthly repayment.
2.GET EXPERIENCE ON YOUR SIDE
Our Mortgage Consultant really are on your side, and can help you access great rates and housing loan options, and offer both traditional and innovative home loan options that can meet your unique needs.
3.DO YOUR HOMEWORK
It is often a good idea to work with a real estate broker who can help you search for neighbourhoods and homes that meet your needs.Alternatively, you can do your research from online property website.
4.MAKE AN OFFER
Once you have found your home, your real estate agent will prepare a purchase offer on your behalf.After closing, you have 14 days to get your home loan finalised.
5.SAVE BIG WITH A LARGER DOWN PAYMENT
If it’s in your budget, consider putting more down. Talk to your Mortgage Consultant for advice about how to save thousands.
6.GET BANK’S APPROVAL
Secure your home loan and you’ll have peace of mind knowing your loan had approved.
7.FACTOR IN A FEW ADDITIONAL COSTS
Lawyer fees, stamp duty, valuation fees, personal tax,deposit, MRTA, MLTA and home insurance. Discuss these costs upfront with your Mortgage consultant and factor them into your budget so that there are no surprises.
8.SIGNING WITH LAWYER
Lawyers will finalize the paperwork, downpayment amount, and any cost incurred related to the purchase of the home. Sign the documents and you will secure the house.
9.PROPERTY SITE INSPECTION
Bank’s valuer will conduct a site inspection after customer signed the bank’s loan documentation. Please arrange with seller or property agent for them to site visit. A valuation report will be sent to bank before disbursement.
Wait for few months and the home will be transferred to you and you can pick up your keys. Now wasn’t that a beautiful day.