James Waters

Purchasing Your Home | Mortgage Broker Surrey Hills, Camberwell, Canterbury, Glen Iris & Surrounds

Looking to purchase a property to live in? Whether you're a first home buyer or you're moving homes, we're here to help.

Home loans

Whether you're looking to buy your next home or renovate your dream one, we can help find you the perfect owner-occupier loan that meets your needs. It is important to have a preliminary understanding of how much you can borrow before you start placing offers on other properties - click here to access our borrowing power calculator.

Buying your first home

Buying your first home can be both exciting and daunting, and we will be there to support you through every challenge and success. From securing pre-approval to settlement and beyond, all of your questions will be answered clearly and honestly so that you can move forward in your home ownership journey with confidence.

We will also evaluate your finances and offer you advice about your borrowing power, any eligibility for government assistance schemes, your stamp duty amount and more! The sooner you talk to us the better, so don’t hesitate to reach out for an obligation-free appointment today.

Preparing your home loan application

There’s no need to be overwhelmed with the home loan application process when you work with us. You will need to provide documentation of your identity, as well as evidence of your income and expenses. From there, we will handle the rest! We will complete your application and submit your information, and then keep you informed as your application progresses through different stages. Securing an amazing home loan has never been simpler - save yourself the stress and let us take care of everything for you.

Resources for home buyers

Download our free guides to learn more about the process of buying your first home.

How can I maximise my borrowing capacity?

Your borrowing capacity will likely vary between lenders and products because every lender uses a slightly different method to calculate your borrowing capacity. Generally they will review your credit history, income, expenses, debt and the size of your deposit relative to the price of the property you are purchasing. Here are a few ways you could potentially improve your borrowing capacity:

Review your credit file and address any mistakes that negatively impact your credit score and pay off any default debts.
Save more money towards the property you are purchasing, reducing the loan to value ratio and increasing your equity in the property from day 1.
Choose the right lender and loan product with the help of an expert mortgage broker; lenders have different policies and products, some of which will be more flexible for unique scenarios such as low credit score, self-employed or non-residents.
Reduce your expenses by tracking your expenditure and keeping to a budget.
Increase the loan term, spreading the repayments over a longer period and reducing the monthly repayment.
Increase your income by asking for a promotion or taking on extra responsibilities. You could also negotiate extra hours, overtime or commission into your remuneration package.
Reduce or eliminate your debts, including HECS, buy-now-pay-later products, car or personal loans, credit cards etc.

If you'd like to learn more home loans, please refer to our guides here or contact us today.

We can also help you with: