When I started thinking about buying my own house, I got confused with so many questions on where to start? Do you also feel the same?
It is very easy process, If you are earning amount or doing job in any company then you need to do contact with Banks who are providing " Home Loans". You can easily search on Google who are giving loan and also you can contact with them also you can also calculate your EMI or Loan amount on their Calculator!!!!
You're an Australian with an account called "Ozfinancing" and you've never heard of a mortgage broker? Talk to your friends and family about who they've used. Your mortgage broker will sort out the best financing deal for your circumstances. The best hint I've heard recently is, for the 3 months prior to applying for finance, to live like a pauper. No coffee, no fast food, no restaurants, suspend your netflix account, walk rather than drive. Then, when the banks look at your spending history they see frugal people living well within their means.
There are several options for you in this case actually. The first one is to apply to specialized companies, which are called like mortgage broker. The staff there will help you to sort out with morgages and will tell you all the details about it. The second option is to apply to every bank and take out a home loan. Actually, mortgage and home loans are different a bit. Here you have to learn all the conditions both about taking out a mortgage and home loans. Then you can decide which option is the most preferable for you. Moreover, you can think about renting a home, without any mortgages and loans.
Fill The Loan Application Form & Attach The Documents. Pay The Processing Fee. Discussion With The Bank. Valuation Of The Documents. The Sanction/Approval Process. Processing The Offer Letter. Processing The Property Papers Followed By A Legal Check.