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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.

  • Interest-Only Loans: Pay only the interest for a set period, which can lower initial repayments but does not reduce your principal balance.

  • 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

  • Legal Fees

  • Lenders Mortgage Insurance (LMI)

  • 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.

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Brisbane Finance is a member of Choice Aggregation which is part of the largest group of Finance Brokers in Australia - with over 1800 brokers.

Wayne Thistlethwaite is a Director of Brisbane Finance Pty Ltd and is registered with ASIC to provide credit assistance and act as an intermediary. Wayne's Australian Credit Representative number is 399607. Wayne has more than 30 years in the finance industry and is a Premier Broker with most of the major lending institutions.

2018 Brisbane Finance

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