In House-Latash Financial Services ,Phone: 02-97509400

Buying your properties

  1. Improve your credit score. – Unless you have won the lottery or are one of the privileged few, chances are you will be borrowing money from a bank or a lender. It is extremely imperative that that you know what your Credit Score is because that is what lenders look at, amongst other aspects of your application. The only way to improve your credit score is to ensure that you pay all your bills on time and every time. This includes your rent and Mortgage.
  2. Figure out what you can afford. Ideally, your mortgage repayment should make up less than 25% of your income after tax. A Mortgage Broker or your Bank Manager will be able to sit with you to assess your serviceability and find out what you can actually pay back comfortably.
  3. Save for down payment, closing costs. Buying your first property can be stressful and expensive. The best way to minimise your stress is to be prepared as best you can…. We are starting to see the end of the days of borrowing 90-100% of the property value due to the risk in today’s market. Lenders require a minimum of 20% of the Sale Price as a deposit. You also have Government charges such as Stamp Duty, which is also calculated on the Sale Price of the property. Then you have other incidental costs associated with the purchase, such as Pest and Building Inspections.

    On the purchase of a house in NSW worth $1,000,000.00 you would need to save a minimum of:

    $139.00 for Mortgage Registration Fee
    $139.00Transfer Fee
    $40,490.00Stamp Duty
  4. Build a healthy savings account. There is nothing cryptic about this. Lenders need to see a consistent savings history to be sure that you can afford your mortgage repayments comfortably.
  5. Get preapproved for a mortgage. See your Broker or Lender to assess your financial situation and your future needs. It is very important NOT to put a deposit down on a property before you are pre-approved as you may find yourself losing a lot of money. This rings especially true in the case of Auction. Your Broker or Lender will be able to tell you what your budget is based on a range of factors including your affordability.
  6. Buy a house you like. Look for your home that falls within your budget. It may or may not be the one that you like, but remember, there is always an opportunity in the future if you put your foot in the market now.
  • 4 Bed
  • 2 Bath
  • 1Garage

“House & Land for sale *House Price $301500 *Land Price $420000”

Lot 3008 Barrett Street Gregory Hills NSW 2557

Features Ensuite(s) Secure parking Air conditioning Ensuite Built in wardrobes Internal Laundry Bath Separate Dining Room Fully fenced Secure Parking Description • Fixed site costs, no surprises • Carpeted and tiled throughout • 2590mm nominal ceiling height • Manufactured stone bench top to kitchen, bathroom & ensuite • Quality stainless steel appliances • Superior fittings … Continue reading ““House & Land for sale *House Price $301500 *Land Price $420000””

  • 2 Bed
  • 1 Bath
  • 1Garage

3/75 Croydon Street, Lakemba NSWFor Sale | Apartment,Unit | ID# 11867100229

3/75 Croydon Street

Calling First Time Buyer/Investors
Ground Floor 2 Bedroom Unit With Walking Distance To Lakemba Station And Conveniently Located To Schools And Shops…

  • 2 Bed
  • 1 Bath
  • 2Garage

3/51 MacDonald Street, Lakemba NSWFor Sale | Apartment,Unit | ID# 11867100224

3/51 MacDonald Street, Lakemba NSW 2195

* This 2 bedroom unit would make ideal investment or first home buyer…

  • 3 Bed
  • 1 Bath
  • 3Garage

2 Claribel Street, Bankstown NSWFor Sale | House | ID# 11867100226

2 Claribel Street, Bankstown NSW 2200

Located in a quiet street and occupies a great parcel of land of approximately 689 sqm. Having a three bedroom brick veneer home which could do with a little TLC….

  • 2 Bed
  • 1 Bath
  • 1Garage

7/57 Shadforth Street, Wiley Park NSWFor Sale | Apartment | ID# 11867100227

7/57 Shadforth Street, Wiley Park NSW 2195

Price Reduced To Sell
This 2 Bedroom apartment represents best opportunity for first home buyer or an investor ….

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