Grant Sullivan Mortgage Broker
Loan in Gold Coast

Over 25 years finance experience I have access to home loans from a wide panel of major banks and secure lenders, and I truly understand home finance in a real estate context. Home loan pre-approval is a great way to ensure you know how much you can afford to pay for a property before you even start looking. If you are eligible for the first home owners grant or any state government first home buyer assistance, I will help you fill in the paperwork. As part of my service, I will help you to understand the types of home loans available to you and will assist you in choosing the right one for your situation. I make the home loan application process as smooth and easy as possible, so you can concentrate on finding the right home. Buying your first home is an exciting experience, but there is a lot to think about. The most common form of family equity is where a family member, offers their existing property as security for a portion of the home loan, generally around 20 per cent. If you don�??t have the deposit required, you may be able to make use of family equity, also known as a limited guarantor loan. However, most lenders will require at least a portion of your deposit to come from genuine savings. Depending on the lender and your individual situation, monetary gifts, including genuine savings, you may be able to fund your deposit from a range of sources, inheritances and first home owner incentives. Home loan deposits most banks and lenders will require a minimum deposit of 5 per cent of the value of the property you are purchasing, before they will approve you for a home loan. And while the home loan application process can seem daunting, it is often simpler than most people think. Getting your home loan sorted out early can ensure you are in the best position to negotiate for your home on your own terms. A written pre-approval can also give you an advantage when negotiating on a property with a vendor.