If you are looking for a mortgage broker and ended up here, you are probably looking for a new house. Whether you are looking in Kwinana or other suburbs in the Rockingham area, it is going to take a little bit of work on your part to find the right house. Here are a few fundamentals that will make your search easier and give you the results you are looking for.
Talk to a Mortgage Broker for a Pre-Approved Loan
Before you start, it is important to talk to a mortgage broker and obtain pre-approval. This is also called “conditional eligibility.” At Smartline Rockingham, we have access to 28 different lenders. We take your entire financial situation into consideration and send your application to the lenders we know who are the most friendly to your situation.
Whether you are looking for a home in Kwinana or any other suburb in the area, it’s great to know how much money you have to work with.
Build Good Relationships
Besides having a good relationship with your mortgage broker, there are other people who will become valuable resources for you in your search. You want to have relationships with one or more real estate agents and let them search for you. We highly recommend having a solicitor in your corner to look at contracts and negotiate for you when necessary.
Once you have made all of these great relationships, it is time to do your market research. Your agent and your mortgage broker can be valuable resources for information about the housing market, how suburbs compare and on many individual properties. When you learn enough about a few “target” suburbs, you will know whether a home is a bargain or if it is overpriced.
Anticipate All Costs
Buying a home doesn’t mean you just make your deposit, sign some paperwork, get your key and open the door. There are fees for lenders, conveyancing, stamp duty, removalists, pest inspections and insurance. Build all of this into your projected price for your home.
To learn more, contact Smartline Rockingham today: (08) 9527 1800.