First Home Buyers
We can help make the first home buying process as easy as possible.
Buying your first home is a fantastic achievement, but it can also be an overwhelming process. We’re here to make the process as easy as possible for you. From making sure you’re getting the lowest home loan rate for your circumstances, to having all the back and forth conversations needed with your lender, Northwick Funding can make the purchase process a seamless one.
The Process
Buying your first home is a huge achievement. Northwick Funding Solutions can help make the process as easy and quick as possible. Here’s how we do it:
1. Initial Call
Give us a call on 0421323708 and we'll talk you through the process while we get to know what's important to you.
2. Evaluating Circumstances
Your broker will then evaluate your personal circumstances by looking at your income, expenses and debts. They'll ask for supporting documents too.
3. Application
Here we'll work with our network of over forty lenders and banks to find a loan that works for your circumstances. We'll go over your options and help you apply once you've chosen a lender.
4. Pre-approval
Pre-approval is where many home buyers go to open homes and find properties they're interested in. Final approval will depend on things like the property's valuation. Your broker will handle conversations with your lender to make this as easy as possible.
5. Approval
Once you've found a home, the property will get a valuation and your broker will work with them on any final documents or support the lender needs. Once approved, the final documents for you to sign will be sent through. Your mortgage broker can talk you through these.
6. Settlement
All that's left is to wait for settlement! Your broker can help you find a solicitor or conveyancer for this final stage of the process. Once you reach settlement, you can now enjoy your next chapter as homeowners!
Ready to talk?
Get in contact with our mortgage broker Paul on 0421 323 708.
Common questions About Home Loans
Why should I go through a mortgage broker
Purchasing a home can be complicated and time consuming if you do it yourself. By working with more than forty lenders, Northwick Funding can help you get the lowest home loan rate possible for your circumstances. Find out more on our what is mortgage broking post.
How long will the process take?
The time it takes from an initial call to settlement depends on many factors, such as unexpected debts, lenders not approving an application, or problems having an offer accepted on a new home. A straightforward process can take a month from the initial call to settlement, but this is not the same for everybody.
Will I be able to refinance if I go through a broker?
Absolutely. Refinancing can be a great option to reduce your home loan rate, especially if you’re working on improving your financial situation at the same time.
Why is my rate higher than rates I've seen advertised?
Home loan rates are calculated based on your individual circumstances, so things like your credit score and spending habits will impact the rate lenders offer you.
How can I get a better home loan rate?
There are many ways that you can get a lower rate, such as improve your credit score, pay existing debts, and avoid payday loans. We can work with you on a plan to get you the best home loan rate possible.