Buying your first home | Mortgage Broker in Frankston & Langwarrin

As your local mortgage broker in Frankston, Langwarrin, Patterson Lakes & surrounds, we are here to guide you through the entire home loan process, from start to finish.

If you haven’t found the right property yet, our team can help you organise pre-approval so you can shop around for your new home with confidence knowing exactly what you can afford. Find out more about what home loan pre-approval is in our short video below.

What is home loan pre-approval?

Want to know more? Check out our resources below!

• Download your free property guide for first home buyers
• Find out how much you can borrow
• Watch our latest videos about the property market

The steps to buying your first home! Mortgage Brokers in Frankston

• Budget & Save
  Plan your budget to see how much you can afford to repay, and set a plan to start saving for a deposit.
  
  
• Establish your capacity
  Meet with our team of brokers from Mortgage Choice Frankston & Langwarrin to discuss your finance options and work out how much you can borrow
  
  
• Choose your loan & lender
  Work with us to select the right loan for you and request loan pre-approval. As your mortgage broker, we will take care of the application and paperwork.
  
  
• Operation dream home
  Let the fun commence! You now get to search for your new home, safe in the knowledge of how much you can afford to spend.
  
  
• Assess and inspect
  Organise building and pest or strata inspection on the home of your choice.
  
  
• Make an offer 
  To buy through a real estate agent, make an offer and begin negotiating on price. To buy at auction, place a bid and hold your nerve!
  
  
• Sign & exchange contracts
  Once an offer has been accepted, contracts are signed and exchanged. At this stage, you will pay your deposit, usually 10% of the purchase price.
  
  
• Cool off
  You now have a few days to change your mind about the purchase. If you back out, you may forfeit some of your deposit. There are regional differences in cooling-off periods, and if you have bought at auction, you won’t have the option. Auction purchases are final!
  
  
• Settle & celebrate
  Settlement usually occurs four to six weeks following the exchange of contracts. The keys are handed over, and you are officially a home owner!

As your mortgage brokers in Frankston & Langwarrin, we can help you find the best home loan for your needs. Book your free appointment today by calling Peter on 0413 439 766.

We can also help you with:

• Construction Loans
• Home Loans
• Refinancing
• Equipment Finance
• Car Loans
• Property guides