There’s so much to think about when buying your first home – from how much you can afford, to what type of property you want and where, to working out how you can fit all those extra appointments you’ll need to make into your busy day. Contacting us is an excellent first step.

Our specialist Mortgage Choice brokers can make it simple for you by:

• helping you choose a suitable home loan from several hundred different home loans from our wide panel of lenders
• completing all the necessary documentation for you
• running you through all the other costs involved like stamp duty, conveyancing fees and bank fees
• helping you apply for the First Home Buyer’s Grant if you are eligible

When you first meet with your Asset Rich Finance broker you’ll be asked a number of questions about your financial position. It’s best to bring as much information as you can to this first meeting – like a copy of your pay slip, bank statements as proof of saving, your driver’s licence, tax returns and tax assessment notice.

Then we will evaluate which loan is the most suitable for you from the lenders on our panel. They’ll look at things like monthly repayments, interest rates, value added features like redraw facilities and how much you can borrow from each lender. The whole process takes about an hour or so.

After that your broker will complete all the necessary forms for approval by the lender and you’re off and running.

And if you haven’t yet found the home of your dreams, you can get pre-approval from your broker so you’ll have the peace of mind of knowing exactly how much you can borrow.

So what are you waiting for? Make an appointment today! you’ll be glad you did.

• Mortgage interest rates have risen by about 1.6-1.8% depending on the lender
• Individual lender rates, lending policies and loan to value levels are now quite different
• Median house prices have risen by 18-29% in Melbourne according to whichever survey is believed
• Property stock on the market has been limited but May and June have had much higher levels of houses for sale in Melbourne and an easing on auction clearance levels
• The sharemarkets around the world came back to life but have softened recently reflecting current uncertainty
• Investors seem to be reducing their share portfolios in favour of less volatile investments

Regardless of the immediate outlook, we all need to work to a plan and review it regularly. This includes reviewing our financial position, our existing finance loans and structures, our financial goals and how to achieve growth of our assets in the long term. Or just buy a home.

FIRST HOME BUYERS

• The grants will change from 1 July 2010 to just $7,000 for established property; $20,000 for new or land/build in Melbourne and $26,000 new or land/build in Regional Victoria
• Parents can help without cash gifts, by using their property as part security and avoiding mortgage insurance costs

EXISTING HOME OWNERS

• Your current loan may not suit your needs or be competitive with other products. You may be able to reduce your monthly repayments significantly
• You may want extra funds to renovate or consolidate debts
• You may wish to buy a new home and keep the current one as an investment property

INVESTORS

• You need to know your borrowing structure and ability to qualify for finance
• Those who purchased more than 3 years ago may have good equity in their home to consider using for further investment
• Established property can be hard to find. Alternatives are land and build rental housing or off the plan apartments
• BVS Finance Brokers have teamed up with groups to offer you those alternatives in growth areas

Whatever your situation, call me now on 0411 282 493 to arrange a review of your current position, your finance options and borrowing capability. Visit me on www.assetrich.com.au

We benefit our clients by providing simple but accurate advice that is suitable to their needs and circumstances. Whether you need assistance in Mortgages or Financial Coaching our job is to find and offer the best Solution drawing from our experience, relationships and extensive line of products.

• Truly listen and gain an understanding of your needs and goals.
• Explain your options and help choose the home loan that suits your circumstances best.
• Show you how much you can borrow and what your repayments will be.
• Show you a comparison chart so you know you are getting the right deal for your circumstances.
• Complete your application form for you and answer any questions you may have along the way. We will also request relevant supporting documents which we will lodge with your loan.