ELCOL Mortgage Brokers in Southern River, Western Australia | Mortgage brokers

ELCOL Mortgage Brokers

Locality: Southern River, Western Australia

Address: Boardwalk Boulevard 6110 Southern River, WA, Australia

Website: http://www.elcol.net

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• Mortgage brokers
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19.01.2022 What to be aware of when buying off the plan The rise of new apartment developments in our cities provides greater opportunities for potential home owners to buy off the plan. There are benefits to this, but also a number of things to be mindful of. We look at some of the things to consider when buying off the plan. The benefits... A major benefit of purchasing off the plan is that you’ll own a brand new property. There are also financial benefits. For example, you’ll have the security of knowing how much you’ll pay for the property in the future, even if its value increases. Construction usually takes a year or two, so there’s time to save before you settle. If you need to borrow money for the deposit, speak to your broker about how to best structure the purchase. Most home loan lenders won’t approve a loan for a long settlement period, but a broker can provide advice about what assurances you can get regarding the amount you may be able to borrow when it comes time to settle. Depending on which state or territory you’re in, you may have access to stamp duty and tax concessions, or government grants. If you’re purchasing the property as an investment you may also be eligible for tax benefits. You should consult with your accountant for personal financial advice specific to your circumstances. Things to look out for Off-the-plan contracts try to cover future issues. Check that certain scenarios, such as construction delays or if you want to withdraw, are clearly addressed. Once the building is complete it might not meet your expectations. Speak to a legal advisor before signing the contract to avoid any surprises. Find out whether the developer has taken out home warranty insurance. Depending on the relevant state or territory laws, builders may be required to include a certificate of insurance in the contract. Even if this isn’t the case, you can ask the developer for proof of insurance before you settle. Your broker or home loan lender may help with this as part of the lending process. The property might be everything you dreamed of, but there’s always a risk the market may have changed by the time you settle. While you can’t avoid this, you should do some homework before you buy. For example, look at properties being built in the area to work out if there’s likely to be an oversupply. Some lenders may look at the value of your property, rather than what was paid for it when considering how much they will lend you. It’s worth speaking to your broker about how your property may be valued and what your home loan options are. By exercising a little due diligence you can minimise the risks and reap the benefits of buying off the plan.

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18.01.2022 Client Testimonial 'The experience I received from start to finish was always professional. Elvis reviewed my situation and presented appropriate options to myself that suited my parameters and requirements. Would highly recommend his services should anyone be looking for a mortgage broking service.' - James https://goo.gl/maps/E97jMt1XEkmQmFCQ8

14.01.2022 Depending on your circumstances, I may be able to get you a rate of 3.99% fixed for 3 years. Call me if this interests you ....

14.01.2022 Client Testimonial 'Very genuine, attended to my request with no fuss or personal cost to me.' - George https://goo.gl/maps/smZAVTS1Hr6NuJn57

13.01.2022 Client Testimonial 'Elvis was instrumental in helping me secure a suitable home loan and with the purchase of my first home. Offered great advice, replied to emails/messages immediately and was a pleasure to work it.' - Croyden https://goo.gl/maps/VktLrSNEn88vfsjW9

11.01.2022 Client Testimonial 'Excellent work done by Elvis, saved us A big chunk of money and time by providing us with better interest rates. Elvis is very knowledgeable mortgage broker. Highly recommend thx,' -Karan https://goo.gl/maps/B11T7GFjuMEEJGjdA

09.01.2022 Client Testimonial 'Re-finance made easy - Elvis was readily available to offer advice and meet in person to review options and clarify questions. He ensured he didn't overload us with options by pre-filtering the best providers. His experience and knowledge ensured we chose the best option for our needs, and he kept us up to date throughout the process. I would encourage giving the ELCOL team a go anytime you want to find the best deal for your needs. Thanks Elvis for a grea...t outcome.' -Simon https://goo.gl/maps/7pnDbNrfqgsPG3cNA