How did your area go?

Watch the latest Housing Market Update for Brisbane. The housing and economic data is derived from the CoreLogic Hedonic Home Value Index for the month of February, released March 2017.

Presented by Tim Lawless, Research Director at CoreLogic.

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Watch the latest Housing Market Update for Brisbane, QLD. The housing and economic data is derived from the CoreLogic Hedonic Home Value Index for the month of November, released December 2016.

 

“Capital city dwelling values edged a further 0.2% higher in November, according to the CoreLogic home value index.

Although values rose in November, the month-on-month change was the lowest since December last year, potentially indicating that the reacceleration of housing market growth rates, which has been evident over the second half of 2016, may be starting to abate.”

If you would like to know the potential value of your property then please contact me on 0403831596

Over the years real estate agents have found out many different ways to sell homes at lightning fast speeds and for top dollar. From having you do repairs and cleaning, to repainting, having a decorated garden and keeping away pets during showings, but all of this would not matter if home buyers and investors cannot see exactly what you are selling. That is where professional photography comes into play, marketing your home so buyers can see all the right areas they need is very important.

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So it’s time for you to buy your first home and take that big leap into home ownership. But what is one of the first steps you need to do after you have been trawling the net for that perfect home?

It’s smart to keep a level head and be realistic which I know is hard for your first purchase. I have been in the same boat and even for me it was hard. Most first home buyers will need to borrow to buy so before you go much further you need to know how much you can borrow and if you can borrow at all.

 

As I have mentioned before its best to speak with a broke like Neil who can help you through all of the options for you. You can quickly jump online to any of the banks and see what you can borrow but it’s about the pre-approval process that matters. Online calculators might tell you can borrow $600,000 but once pre-approval is put through you will find that might not be the case.

When applying for a pre-approved loan you will need to provide some additional documentation, such as:
▪ Proof of deposit
▪ Proof of income
▪ Monthly expenses and other outgoings such as loans, credit cards and store cards.

If everything works and you fit what the banks will approve then you can start to make offers on homes.

Things to remember.

It’s free to get pre-approval
Most are valid for 3 months
You know what your budget is when making bids and offers on home
Shows the agent you are ready to go
If you would like any further information about mortgage brokers please give Neil a call on 0409762581 or email him at nlorrigan@chl.net.au

* A finance or mortgage broker can save you time and money, but you should still do your own research. Be prepared to ask plenty of questions to help your broker find you a loan that meets your needs and offers value for money. Please not that Zac McHardy Is not giving and legal or financial advice *

Why using a Broker is a smart idea.

Have you been looking to purchase your first home, investment or upsizing? Then you may have looked at all the different lenders and the options that they supply but unsure which way to go. This is where a good mortgage broker can pay off and help find you the most suitable loan for you.
As always it is wise to shop around. Do some checking for yourself to make sure the loan works for you and is competitive.

So what are some benefits of using a finance broker?

A broker will sit down with you, usually in your own home or another location convenient for you, and show you the range of loans available from different lenders. They will then help you narrow them down to a loan that might suit your needs. Once they have a clear understanding of your financial situation and goals, your broker will be able to advise you on your home loan options. A mortgage broker will take the time to understand your needs, discuss your financial circumstances, and identify your loan requirements.

I personally use Neil Lorrigan from Choice home loans for my property and also my clients. Every time I have had a question or an issue he has always been able to help me. This is one of the most important parts when looking at getting a broker I have found. You need to be able to trust that they are working for you and can help when you have any questions or issues.

If you would like any further information about mortgage brokers please give Neil a call on 0409762581 or email him at nlorrigan@chl.net.au

* A finance or mortgage broker can save you time and money, but you should still do your own research. Be prepared to ask plenty of questions to help your broker find you a loan that meets your needs and offers value for money. Please not that Zac McHardy Is not giving and legal or financial advice *