2
WELCOME
OVERVIEW
Purchasing your home
GETTING STARTED
KNOW YOUR ENTITLEMENTS
Government assistance
First Home Owner Grant (FHOG)
First Home Owner Grant Cap
First home saver account
Stamp duty concessions
A helping hand from parents
Gifted deposits
Supplemental loan
Acting as guarantor
BORROWING ESSENTIALS
Credit reference
How much can I borrow?
What deposit will I need?
Deposit bonds
Should I buy with someone else?
COSTS
Loan application fee
Appointing your legal representative
Stamp duty
Inspections
Moving costs
INSURANCES
Mortgage insurance and lender’s mortgage
insurance
Life
Total and permanent disability (TPD)
Income protection
Home and contents
CHOOSING THE RIGHT LOAN
Interest only loans vs principal and interest loans
Honeymoon loans
Basic or “no frills” loans
Standard variable rate loans
Fixed rate loans
Equity line of credit loans
Professional home loan packages
Construction loans
Development loans
Offset accounts
APPLYING FOR A LOAN
Loan approval
A STEP BY STEP GUIDE
STEP 1 - Have your loan pre-approval in place
STEP 2 - Choose the right home in the right location
STEP 3 - Make an offer
STEP 4 - Appoint your conveyancer/legal representative
STEP 5 - Arrange final loan approval
STEP 6 - Organise your insurances
STEP 7 - Perform a final inspection
STEP 8 - Conveyancer/legal representative to organise
settlement
If something goes wrong
TIPS FOR REPAYING YOUR MORTGAGE SOONER
OUR COMMITMENT TO YOU
CONTENTS
© 2012
