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Ready to say goodbye to the landlord but don't know how? Choose one of our "Dear John, The Landlord" Letters

If you’re sick of the fella with the rent book snapping at your hard-earned cash, let’s talk about moving out into a home of your own.

Buying your first home is a mighty exciting time. It can also be a little scary. Alright, more than a little. This is probably the largest purchase you’ll ever make and mistakes can be, well, costly - to put it mildly. But do it properly, and with the right advice, and you really won’t have too many sleepless nights.

Deposit

How much will you need to save to get into your home or buy an investment property? We can work out exactly how much deposit you'll need and talk this all through with you. Some lenders will also want to see that you’re capable of saving – and that means showing them proof of a regular saving history. 

Some lenders may offer a 95% loan product, although it usually comes with more than its fair share of fishhooks in terms of criteria. Still, that option is there, and for some it may be an attractive way to start owning their own home.

How much?

How much you can borrow depends on two things: your deposit and your income. We can use our unique software to work this out quickly and easily for you. Contact your local Roost broker today to find out more.

Which loan?

There are generally five types of loans available

• Table loans
• Reducing loans
• Interest only loans
• Revolving credit loans
• Construction loans

There’s no good-better-best about loans, because all the products available are different and each will suit different people depending on their particular circumstances. The great news for you is that we’ll spoil you for choice – with access to a whole swag of products from a panel of lenders.

Your Roost Mortgage Broker can help you choose the loan solution with your name on it without you having to do any of the running around.

You might also want to check with us whether you qualify for a professional package, which offers you not just great value but also discounted rates.

If you’re concerned about what would happen if interest rates were to go up or down, but you also want the flexibility to make extra repayments if and when you can, you might want to look at a part fixed / part variable or blended loan. This can be an ideal solution.

Finally, several of the lenders we work with now offer flexible, family friendly loans that let family members help you out with your finance, should things go wrong or if you find you need money to pay your mortgage.

Repayments

Once you’ve chosen your loan, we’ll be able to tell you how much your repayments will be. If you can’t wait to see what you’d be up for, use our repayments calculator.

Other costs

It’s important to remember that the costs of buying a home don’t stop at the house price and your mortgage. There are other expenses you need to be aware of. These include

• lender's application fees
• mortgage insurance possibly if you are borrowing more than 80% of the property value
• low doc fees if you are wanting a low doc product and you are borrowing more than 65% of the property value
• conveyancing and inspection costs.
• possibly valuation costs

At our appointment with you

We’ll take the time to help you understand what loans are and how they work. We’ll talk through interest rates, the fees and charges, terms and conditions, the whole nine yards:

• We’ll explain how all the different loan types work
• We’ll tell you all the advantages and disadvantages of each type of loan
• We’ll run through the different ways you can repay
• We’ll find which lenders and which products are best for you
• We’ll tell you what you’re up for in terms of repayments

Two more things:

1. It won’t take us all night or all day to tell you this.

2. In most cases, you don’t pay us anything for our advice (Yeah, we thought you’d like that).

So, what are you waiting for? 

 Find out who to talk to or Get started by applying online