HOME LOANS

If you are in the market to purchase a new home you most likely understand that you are about to make a serious financial commitment.

At Credit Finance Group you will be assisted by a team of professionals that fully understand the finance and real estate market.


There are literally hundreds of home loans available on the market today, therefore when comparing home loans there are many factors you must consider.  To begin with, ask yourself:

  • What size of loan do I need?
  • What size of loan can I service?
  • What type of deposit do I need?
  • What type of property do I want to buy?


Credit Finance Group has access to a wide panel of major banks and lenders and can do your research for you.

Most banks and lenders will require a minimum deposit of 5% of the value of the property you are purchasing before they will approve you for a home loan.  Depending on the lender and your individual situation, you may be able to fund your deposit from a range of sources including genuine savings, monetary gifts, inheritances and first home owner incentives.  However, most lenders will require at least a portion of your deposit to come from genuine savings.

If you don’t have the deposit required, you may be able to make use of family equity, also known as a limited guarantor loan.  The most common form of family equity is where a family member offers their existing property as security for a portion of the home loan, generally around 20%.
 

When you choose to use Credit Finance Group’s services you will have someone compare loan features, fees and charges, so that you can secure the most competitive loan for your lifestyle and financial needs.  You will also have access to a number of specialised professionals who are ready to answer your questions and walk you through the home buying process.

To book an appointment with a consultant please fill out the form and someone will be in touch in the near future.

Contact us today to find out how we can help you.