Purchasing a home, whether it be owner occupied or for investment, is a major financial decision. There are hundreds of loans on the market and deciding on the best loan for you can be daunting. This is where Aston Mortgage & Finance can help. Our experience, knowledge and contacts within a vast number of financiers puts us in a great position to assist you with this.
We have the software to be able to review hundreds of loans based on your requirements and come up with the best options for you. Firstly, we endeavour to understand your situation (both present and future), intentions and preferences. In addition to the usual financial information that will be required, some of the questions we will ask is:
- Will the house be owner occupied or investment?
- How much have you got as a deposit?
- Are you eligible for any Grants?
- Is the intention to keep the house for the long term?
- Or is there an intention to potentially develop and sell?
- Is your preference to pay the house off as quickly as possible or to save excess funds for other property purchases?
All of these things have a bearing on the type & structure of the home loan that is right for you.
We will also guide you on estimated costs so that you are well informed which provides comfort to families looking to make this big purchase.
Home buyers who are in the most powerful positions are the ones that have done their homework and enter a bargaining situation knowing that they are eligible for loan approval. We are able to seek a pre-approval from a bank for you which gives you peace of mind when you are house hunting. Pre-approvals generally last for up to six months.
There are various options of home loan available including fixed rates, variable rates, interest only, lines of credit, 100% offset, just to name a few. You can choose one or a combination of these loans (known as a split loan). The attached tabs contain some detail of each of these, including options for self employed, short term employed and credit impaired applicants.