Buying a home can be exciting and daunting at the same time. And can be one of the most important decisions you’ll make in life.
An SHL mortgage broker will ensure you’re armed with all the information you need to help you on your way to owning your home. we take ownership and pride in what we do.
Solution Home Loans can compare thousands of home loans from a wide variety of lenders and work with you to find the home loan that suits your individual circumstances.
Take a look at our online calculators. This will help give you an idea of the amount you may be able to borrow and what the likely repayments may be.
Once you have an idea of your options, give us a call or email us and we’ll continue the legwork and look after the pepper work process for you and arrange a time to meet to present the right options in detail.
Common questions asked by home buyers
How much money can i borrow?
This amount varies from lender to lender and depends on a number of factors.
Use our borrowing power calculator how much you may be able to borrow and a SHL mortgage broker will be happy to give you a more detailed response based on your individual circumstances.
What Costs Should I Consider When Getting a Home Loan?
You should include up-front costs; such as stamp duty and legal fees; as well as ongoing costs, such as loan repayments, land and water rates, home & contents insurance, and repairs.
How do I choose the home loan that’s right for me?
Home Loan types and loan features will give you a good idea of the main options available, but because there are thousands of different home loan products available, and individual circumstances are all different, contact us today to take a look at your options.
How much do i need for a deposit?
A deposit is usually between 5% – 10% of the value of a property, which you pay when signing a Contract of Sale.
If you can’t organise a deposit in time, your conveyancer/solicitor may be able to arrange a deposit bond until settlement – although you’ll have to pay extra for this. If the deposit requested is 10%, your conveyancer may be able to negotiate this down to 5%.
What will be may regular home loan repayment?
Go to our Repayment Calculator for an estimate. There are many different factors that influence the type of loan that suits your needs. An SHL broker can help you navigate the many options available.
Ongoing costs – You will need to include council and water rates along with regular loan repayments. It is important to also take out building insurance and contents insurance. Your lender will probably require a minimum sum insured for the building to cover the loan, but make sure you actually take out enough building insurance to cover what it would cost if you had to rebuild. Likewise, make sure you have enough contents cover should you need to replace everything if the worst happens. SHL provides both home building and contents insurance. Speak with your SHL mortgage broker to obtain an estimate.