Getting into the property market is one of the biggest financial decisions you’ll make. From confusing contracts and jargon filled paperwork to inspections and ultimately, sealing the deal – we’re here to give it to you straight.
Like the homes on your wishlist, no two loans are the same. Step by step, we’ll help you make sense of the nonsense, and work with over 60 banks and lenders to find the loan most suited to your first home.
It all starts with taking one minute to answer a few simple questions right here. Once you’re done, we’ll meet to discuss your goals, financial position and what approach you can take while moving homes, in person or online.
Once we know what you need, we’ll research over 60 banks and lenders to find you a competitive rate. We’ll even provide a written recommendation on the loans that fit your needs, just for you.
Paperwork is our job. Once you’ve chosen the lender, we’ll work with them to package, sign and lodge documents to get you ready for pre-approval.
Moving is painful enough, so once you’re approved, we'll make the transition from your current loan to new loan as pain free as possible. A valuation will then take place on your new home, insurance details provided and a settlement day will be scheduled.
In this final stage, we’ll coordinate the lead-up to settlement where the funds from your new home are used to pay off your current loan. We’ll liaise with your existing and new bank and if you’re borrowing any extra cash, it will be ready to go. A solicitor or conveyancer is still involved here to change the lender name on your paperwork.
Thought of moving already stressing you out? Fear not. When the big day (or days!) come we can organise for a trusted team of experts to be at your side to take care of it for you. We also have partners who can help get your connections set up too, so you can sit back and take in the new view.
Use these calculators to get an idea of how much you can borrow, how much you need to save to cover stamp duty costs and how much your repayments might be.
Your borrowing power is a critical number to know because it helps you understand how much you can spend on a property. Find out how much you can borrow now.
Find out how much budget you need to set aside to cover Stamp Duty costs and what the requirements are in your state or territory.
The split loan calculator will determine your required repayments and how they compare for the variable term and fixed term of the loan.
There are a number of loan types available to you; variable rates, fixed rates, guarantor loans and more, scroll through some of the options below to get a better understanding of what the differences are. We’re here to answer your questions when you’re ready.
As the name suggests, the interest rate can change over the life of the loan. This gives you flexibility, but can also leave you open to rate rises. These loans offer more flexible features like unlimited additional repayments, redraw, and offset accounts.
Basically, this is the opposite of a variable rate loan. Your interest rate and repayments will stay the same during the fixed term, no matter what. So no surprises. You can’t make extra repayments during the fixed term though, so it’s worth thinking about a split loan if you’re planning to pay extra.
You’re able to fix part of your loan, while leaving the rest variable.
Professional packages offer discounts on standard variable and fixed rates, the waiving of fees, and in some cases, great deals on other products from the same lender. A packaged loan usually comes with one annual fee for the bundled products.
If you already own a property, this is a short-term loan that can help you finalise the purchase of your new property before you’ve sold your existing one.
This gives you flexibility and easy access to cash for renovating or investing. It lets you draw against the loan balance, up to a credit limit set by the lender.
As the name suggests, you only pay the interest on the principal balance for a set term, with the principal balance unchanged.
If you want to build a home this is your loan. Most construction loans are interest only for the first year while the build is underway and interest is charged on the amount you draw down on from the loan for building repayments.
Generally you have two options for switching your current loan. You can either refinance with the same lender (or a new lender) or pay out the existing loan and take out a new one with your new property. We can help you determine what you can afford and which option may be right for you.
A bridging loan helps you purchase a new home whilst you wait for a buyer to purchase your current one. The loan works by covering the cost of your new property with the idea that this debt will be paid off when your old property sells.
Typically, variable rate home loans offer flexibility whilst fixed rate loans offer predictability. Get in touch with me today and I can help explain how each could benefit you.
Call us: 1300 366 287
Email: hello@17thave.finance
Address: lvl 5 151 Pirie street, Adelaide SA 5000
Make it happen. Whether you’re buying your first home, upgrading to the next one, refinancing, or financing a car, we’re ready when you are. Share your goals with us & we’ll connect you with a broker who works for you.
