Rising rents means some people are taking a serious look at buying their own home.
Instability and rising rents are a real concern for some tenants, and looking to buy can be beneficial to some potential home buyers.
We assist clients with the planning of their home loan – how much deposit they will need, how much the repayments will be and if they can buy with a small deposit eg 2% for Single Parents and 5% for First Home Owners. If you are not a citizen, there may be other ways of buying your home.
With so many lenders to choose from, and over 20 years experience as a broker structuring loans, we may have a loan situation which suits you.
Can you buy a house under the Government Scheme with tenants in them? The rules around the Government Schemes means you will need to be able to move into the property within 6 months of your loan settling. This is important to keep this in mind in case there is an existing tenancy for a 12 month period which is becoming more common.
If you would like to know more about your borrowing power for a property, please call 0403 211 361 or email hello@georgefinancialservices.com.au for a no obligation chat!
