After months of searching and visiting show houses, you have found the home you want to make your own. Now what? If this is the first time you are buying a home, the process may seem overwhelming. How do you make sure that you are successful in your application for a bond? How do you make sure that you get the best deal possible on an investment decision as important as your homeloan? How do you even go about the process of applying for a bond?
Should you go it alone?
The information age has brought in an era of being able to do many things by yourself; things you would previously asked an expert to do. Within minutes you can have detailed instructions on how to do virtually anything, often with a video to accompany the instructions. Whilst this can be empowering, sometimes using expert advice and getting professional input is a better decision. Applying for residential homeloans is one of those areas.
Why use the experts?
When you use a bond originator company that specialises in providing bond solutions, you can be assured that you will have the most favourable outcome possible with regard to your residential homeloans application. There are a number of reasons for this:
1. They know what each bank requires
A Bond Originator knows what each bank requires. By examining your application, they will know which banks it would be best to approach for your circumstances. This will help ensure that you are successful. Once you have set your heart on a property, you want to know that your bond application will go smoothly.
2. You don’t need to deal with the bank bureaucracy
When you use a Bond Originator they will deal with the banks directly and will make sure that all requirements are met. They have experience and expertise and know exactly what is required and who to speak to in order achieve a speedy result.
3. You get the best deal possible
A company providing residential homeloans can take advantage of bank corporate scheme arrangements. This means that they are able to get you preferential rates and terms, better than those you would be able to arrange by yourself. Getting the best interest rate possible is very important when you are taking out a loan with a repayment period of between 20 and 30 years.
4. You can access other financial products you may need for the purchase of your new home
The situation often arises when you are purchasing a home that you do not have access to the funds you need when you need them. For example you may be waiting for the proceeds of the sale of your current house. This can take up to 90 days, and in the meantime you may need to pay transfer fees, deposits, or fees for rates and clearance certificates.
5. You can get expert advice upfront
With a Bond Originator you can get expert advice upfront. They have a number of calculators that can help you in your decisions. You can assess what you can afford, what your monthly repayments would be, and how long it will take you to pay off your loan.
You can have a single point of contact, a professional that will assist you in the process and answer all of your questions.
6. It will not cost you anything
There is everything to gain when you use a bond originator. There is no fee involved, and you have access to excellent advice. The consultant will be your one point of contact for the process and will guide you throughout. They will apply at all the institutions for which you qualify. With their experience, they will also know where you are most likely to be successful.
When you are ready to take the next step and buy your own home, you will need a bond solution. Rather than going through the process of approaching every financial institution yourself, why not use a bond originator? With their experience and a good track record in securing affordable finance, the process will be quick and painless. You will be guided on each step of the way. It will result in the best possible financial deal available.