Purchasing
Allow us to assist you with your purchase
Buying a home is an exciting milestone, and at Brisbane Finance, we’re here to make the process smooth and stress-free. Whether you're purchasing your first home or upgrading to a new one, our access to over 30 lenders allows us to find a mortgage solution tailored to your needs.
Choosing the Right Loan & Understanding Costs
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Loan Types – Choose between principal & interest loans (gradually reduce debt) or interest-only loans (lower initial repayments but no principal reduction).
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Principal and Interest Loans: Pay both the principal and interest, gradually reducing your debt.
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Interest-Only Loans: Pay only the interest for a set period, which can lower initial repayments but does not reduce your principal balance.
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Fixed vs. Variable Rates: Decide between a fixed interest rate, which offers stability, or a variable rate, which may change with the market.​
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Stamp Duty and Other Costs​
Be prepared for additional costs beyond your deposit. Stamp duty is a government tax based on the property’s value and can add a significant amount to your overall purchase price. Other costs to consider include:
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Building and Pest Inspections
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Legal Fees
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Lenders Mortgage Insurance (LMI)
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Moving Costs and Home Insurance
Understanding the Home Buying Process
1. Assess Your Finances
Understand your income, expenses, and savings to determine how much you can afford. Setting a realistic budget ensures you’re financially prepared for homeownership.
3. Explore Government Assistance
Take advantage of grants and schemes like the First Home Owner Grant (FHOG) and First Home Loan Deposit Scheme (FHLDS) to reduce upfront costs.
2. Save for a Deposit
Aim for at least 5% to 20% of the property’s value. A larger deposit reduces borrowing costs, lowers interest payments, and may help you avoid Lenders Mortgage Insurance (LMI).
4. Work with a Mortgage Broker
A broker simplifies the loan process, compares lenders, and handles paperwork to secure the best loan for your needs, making homeownership more achievable.
The Purchasing Journey with Brisbane Finance​
Refinancing is not just about securing a lower interest rate — it's about gaining the freedom and flexibility to seize new financial opportunities. With Brisbane Finance by your side, you'll receive expert guidance and support to maximize the benefits of your refinancing journey.
Pre-Approval
Get pre-approved to know your budget and show sellers you’re a serious buyer, making your property search more focused.
Property Search
Find a home that fits your needs, considering location, size, and amenities, ensuring it aligns with your future plans.
Offer & Settlement
Make an offer, finalize your mortgage, and complete inspections before settlement day. We’ll guide you through every step.
Ongoing Support
Even after settlement, we offer loan reviews and market updates to keep your finances on track and adapt to future needs.