Tax Emporium

Mortgage Services

Mortgage Service

Expert Mortgage Services for Your Property Goals

Navigating the world of mortgages can be daunting, whether you’re a first-time homebuyer or looking to refinance your property. At Tax Emporium, we offer expert mortgage services to guide you through the process and help you secure the best loan options. Our dedicated team ensures a smooth and hassle-free experience, tailored to your specific needs and financial goals.

Basic Bank Requirements for Property Loan and Refinance in Australia

  • Loan-to-Value Ratio (LVR) : Banks assess your income and employment stability to determine your loan repayment capacity.
  • Income and Employment Verification : A good credit history is essential for loan approval. Banks review your credit score and past financial behaviour.
  • Credit History : The LVR is the loan amount compared to the property's value. A lower LVR improves your chances of loan approval.
  • Savings and Deposit : Having genuine savings and a substantial deposit strengthens your loan application.
  • Financial Statements : For self-employed applicants, banks may require financial statements to assess income stability.
  • Property Valuation : An independent property valuation is conducted by the bank to determine the property's worth.
  • Loan Purpose :Banks consider the purpose of the loan, such as owner-occupied or investment property.

Government Grants for First-Time Buyers

If you’re a first-time homebuyer in Australia, you may be eligible for various government grants and incentives. Some popular grants include :

  • First Home Owner Grant (FHOG) : FHOG offers financial assistance to eligible first-time buyers purchasing or building their first home.
  • HomeBuilder Grant : HomeBuilder provides a grant to eligible owner-occupiers for building a new home or renovating an existing one.
  • First Home Loan Deposit Scheme (FHLDS) : FHLDS helps eligible first-time buyers purchase a property with a smaller deposit, avoiding lenders mortgage insurance (LMI).

Fun Fact :

Did you know that Australia is known for having the world's highest percentage of homeownership? Over two-thirds of Australian households own their homes, reflecting the country's strong property market and culture of homeownership.

Secure Your Property Dream with Tax Emporium

Whether you’re a first-time homebuyer or considering refinancing, our mortgage services are designed to simplify the process and secure the best loan options for you. Contact us today to explore your property finance opportunities and achieve your real estate goals.

Book an Appointment Today

Put your tax matters in the hands of the best accountants in Melbourne. Contact us today via email at admin@taxemporium.com.au or call us at 0405000110 to schedule an appointment and experience the difference Tax Emporium can make for your business.

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