#1 Get Started!
As simple as it sounds many people wait.
Wait for a deposit – wait for the right time ” wait for right property.
These are all important ” but why not get started and talk to an experienced mortgage broker who can confirm what you can afford ” with buffers in case of one of life “oops” moments comes along ” to buy your first or next home or start investing.
How long does it take me to understand your options? 10 minutes.
Lets have a chat and Ill ask you some of the following :-
< FAMILY >
– Single / Couple / Dependents
– Ages
< INCOME >
– Salary // Base Income + Car allowance or access to a fully serviced car plus any Overtime / Commission – last 2 years history
– Self Employed || 2 years NOA (notice of assessment) or 2 years NOA + full financials (personal + company / trust tax and financials) or 6 months wages to director.
– Self Employed || Lo Doc income declaration confirmed with accountant, ABN 2+ years
– Alternative Income = BAS / Accountant declaration
– Family Benefits | Disability | Pension | Child Support
< EXPENSES >
– Credit Card Limits
– Car / Personal Loans = Balance + repayment
– HECS | Study Debt
– Child Support
– Rent / Board (or you live in your own home)
< PROPERTY ASSETS & LIABILITIES >
– Deposit $
– Valuation $
– Mortgage $
– Repayment $
> Lender | Year loan started
> Interest Rate ___%
> P&I or Interest Only
> Fixed or Variable
> Rent income (for investment)
> Super Balance $ (optional)
Kelvin Mason
