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Genuine Home Loans

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23.01.2022 The first step in deciding whether to build or buy? Understanding the pros and cons of both options. Building If you’re set on getting your dream house, building will probably be the better choice for you. Constructing a property from scratch means you’ll have complete control over the layout, the fixtures, and the overall look and feel of your new home.... The pros Personalisation The most significant benefit of building your own house, without a doubt, is the level of personalisation and customisation you can bring to the property. If you want a home that feels genuinely yours, there is no better way to get it. Flexibility of Design When building your home, you can account for any particular requirements you might have. Living with a wheelchair user with specific access needs? Wanting an eco-friendly property? You can customise your property to meet your needs exactly. Stamp Duty You will often find that the fees you will have to pay when building your own home are significantly lower than for purchasing an existing property. This is because when buying an established house, you will need to pay stamp duty on both the land and the dwelling, unlike on a vacant lot. Value for Money Aside from the fact that a newly built property is often worth more than the cost to build it, home builders tend to find that their dollar goes a lot further when building their own home as opposed to buying an existing property.

09.01.2022 Lest we forget !!

02.01.2022 Surprisingly, few borrowers take the time to read their home loan contract from top to bottom. While having the agreement reviewed by a legal professional is standard practice, it never hurts to double-check the fine details before signing your name to the dotted line. 1. The rate. The interest rate is undoubtedly one of the most significant aspects of your home loan, so it never hurts to make sure that the rate on the contract matches up with what has been agreed upon with ...the lender. Also, take the time to check if your rate is fixed or variable to avoid any nasty surprises in the unlikely scenario an error was missed. 2. The amount. Any discrepancies in the amount your borrowing has the potential to cause you a lot of trouble when it comes to purchasing your new property, so it never hurts to ensure the numbers are accurate to your expectations. You should also be sure to check the total amount you’ll be paying over the life of the loan with interest taken into consideration. 3. Repayment expectations. If you’re the type of borrower that would value the ability to repay your loan early if the opportunity arises, then you will want to make sure you’re aware of any additional fees that may arise from doing so. Some lenders will charge you early exit fees if you pay your loan off before the contract term has come to an end. Similarly, you should make sure you are aware of any charges associated with late repayments, as well as any penalties that you may incur. 4. The loan term. The term of your loan will make a big difference in your repayments and the amount of interest you can expect to pay over the life of your loan. While you can always pay the loan off faster in the case of a longer loan term, as mentioned above, some lenders may penalise early repayments with additional fees or charges. See more

01.01.2022 If you’re like most Australians, buying a property will be the largest financial decision you’ll ever make. Wanting to save money where you can is only expected, and negotiating on the purchase price is considered standard practice. But how do you become a better negotiator? Negotiate like a pro - 9 tips to land the best deal on your new home. If you’re like most Australians, buying a property will be the largest financial decision you’ll ever make. Wanting to save money whe...Continue reading