Do you have, ‘purchasing a Warrnambool property’ on your list of goals for 2021? Then it’s time to talk to us!
We can help you find the right place to start, so you will have the best chance of being able to stick to this resolution (regardless of whether any others you might have made don’t get fulfilled!).
Below is a list of scenarios that might be relevant to you, and help you to think about what situation you are currently in, and what you need to be sure of before you dive in to the Warrnambool property market.
Scenario 1: You are buying your first home
If you have decided that 2021 is the year to get yourself into the local property market, ways we can help will include:
- Working out your borrowing capacity (AKA how much you can realistically lend)
- Reviewing your budget to help you save a deposit
- Looking at other ways to secure a deposit if necessary, such as a guarantor’s home loan
- Creating a plan for you to clear any debt or boost your credit rating, in turn making you a more attractive lending propsect
- Helping you to identify any grants, concessions or initiatives that might apply to your situation
- Providing some referrals for other professionals you might need to consult with as part of the property-purchase-process (a conveyancer, valuer, even a Sinclair Wilson Accountant)
- Setting up pre-approval for a home loan: this is the best way to be clear on how much you have to spend, and will help you to focus your search for your ideal property
- Facilitating the loan application process, and submitting it on your behalf
If you’d like to take the first step towards this huge and exciting goal, contact us today to discuss your options.
Scenario 2: Purchasing another property
Looking to upsize? Downsize? Make a sea-change? Or a tree-change?
Just because this isn’t the first time you’ve purchased a property, we find there are still many questions that come up when we speak with our clients ready to buy their next home.
We can help by:
- Clarifying the costs that are involved
- Putting together expert property and market reports to help you as you refine your purchasing decision
- Working with you to identify how you can effectively use the equity in your current home as a deposit
- Discussing bridging loan options
But maybe you’re very happy with the home you’ve got – and an investment property is on your 2021 ‘To Do’ list? Once again, we are on hand to help. This can be via:
- Providing property and market reports to help you select a suitable investment property
- Running a comparison of the loan market, to ensure we find the best product for your individual situation
- Working with your Accountant and Financial Planner on your investment strategy (don’t forget, we have these professionals on-hand to help with this)
- Helping you to find and connect with property managers and valuers that we know will meet your needs and expectations
- Working with your accountant and/or financial planner on your investment strategy.
- Getting loan pre-approval and ensuring your loan application goes smoothly.
- Accessing equity in your home or from another investment property to use as a deposit.
Make a call so we can get the ball rolling on your investment property plans.
Scenario 3: Improving how you manage your expenses and cash flow
Managing your expenses and cash flow effectively can ensure a greater borrowing capacity. Being in the business of brokering a mortgage means we can also help make you the best-possible candidate for a lender. We can do this by:
- Explaining your current financial health
- Going over what your options might be in terms of debt consolidation
- Introducing you to our colleagues in Financial Planning and Strategic Tax planning, who can help you organise your finances, both in the short term, and the longer term
Get in touch with us if you think this is where you need to start your 2021 property journey.
Scenario 4: Extending or renovating
This is a good option, given the state of the current market. Ways we can help if this is what you are considering include:
- Mapping out your finance options for renovations, to ensure you select the loan that best-suits your plans and needs
- Provide you with valuable insights into what to expect when renovating to keep you from being financially overwhelmed.
2021 is here – let’s go!
Achieving your goals starts with having a great plan. And we’re ready to help make your 2021 goals a reality. Get in touch and let’s work together in realising your dream home or investment property.
