Mortgage Perth Learning Centre

Whether you are a first home owner, building a new home, investing or re-financing your mortgage, there are a number of things you should know before you start your home loan search.

• When purchasing your new home, the minimum deposit required is generally 5% of the purchase price and most lenders expect this deposit to come from genuine savings.
  
•  You may be able to borrow the full purchase amount plus costs by using the security of your existing property, if you are purchasing your second home.
  
• In addition to your deposit, you also need to allow for additional costs, such as government fees and taxes, usually between 3-6% of the purchase price.
  
• From time to time, Federal and State governments offer financial assistance to first home buyers and/or owner occupiers to offset some of these purchase costs (see http://www.firsthome.gov.au/ for more information).
  
• When applying for your home loan, you will need to bring certain documents with you, click here to view our Document Checklist

At Mortgage Perth we can show you how to reduce your interest costs and streamline your finances by incorporating your home loan into your overall banking strategy to make best use of your household cashflow.  To find out more about first home owners, lo-doc loans, standard variable rate loans, 100% offset loans, fixed rate home loans and more, simply click on the links in the menu bar to the left.
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