7 steps to home ownership

To help you understand the process involved in buying your home, we've outlined 7 steps that generally lead to the before, during and after scenario's of home ownership. These steps are important for you to know, and by getting acquainted with them earlier rather than later, will make your purchase easier and will also help to ensure your peace-of-mind.

1. Your borrowing capacity
   
2. Choose the BEST loan for you
   
3. Finding the RIGHT property
   
4. Legals
   
5. Contracts
   
6. Settlement day
   
7. Moving in

Work out HOW MUCH you can afford to borrow

Take advantage of our FREE Pre-Approval offer to get a general idea of how much you can borrow.
Our consultants will show you how to maximise this amount, and then give you a choice of lenders who may help you.

Step 2

We'll help you choose the BEST loan for you!

By using our state of the art software, we help you choose the loan that best suits your circumstances. With over 30 lenders Australia-wide, we'll help find the lenders who will most likely accept your loan application for your particular circumstances. Try our repayment calculator to find out how much you can afford to pay off your loan.

We also help you complete your loan application. This is VERY important as any rejections from lenders are recorded, so we help you get it right the first time. Once approved, we also supply you with a pre-approval certificate, so you can NOW go house-hunting with the knowledge of how much you'll be able to spend.

Step 3

Find the RIGHT property for YOU!

The RIGHT property for your circumstances doesn't always match your expectations. Our consultants ensure that you are aware of your budget early when sourcing a property. This will allow you to search within your price range, and gives you peace-of-mind when choosing a property that will suit your lifestyle...and budget!

Try our repayment calculator to ensure the right price range for you.

Step 4

Legals--choose a Solicitor

You've found the property you've been looking for! And with your finances organised it is now time to employ a solicitor or conveyancer to handle the contracts and searches. We're happy to refer Solicitors who we deal with everyday, or ask your family and friends for a referral.

Step 5

Contracts

Depending on the state you are buying in, you may be able to sign your contract 'subject to finance approval' as well as any other conditions like 'satisfactory building/pest inspection', or 'sale of current property'. In other states, you may need full finance approval prior to signing and 'exchanging contracts'. It is best to refer to your solicitor for guidance in these cases.

At this stage, it is a very good idea to start sourcing insurance for your property.

Step 6

Settlement day

Within a few weeks of gaining full approval of your loan the property can be transferred into your ownership.

You should make sure that all phone, electricity and any other bills are reconnected in your name/s. Also, remember to take out a covernote of insurance over your property.

Step 7

Moving in

Time to move into your new home! Make sure the electricity, gas and phone have been turned on, and familiarise yourself with the water and electricity mains. All keys and/or security codes should have been handed over to you on settlement day, so now you can relax in and enjoy your new home!