Employ a Finance Broker and get Pre-Approval on Owner Occupied Home Loans

Are you looking for finance to buy a home? Owner occupied home loans can be your best option. Such loans are available at low rates. You can hire expert finance broker to help you with checklist. You can also ask broker to find pre-approved finance.
Contact Singh Finance for All Your Home Finance Needs
Contact Singh Finance for All Your Home Finance Needs
SYDNEY, Australia - Sept. 1, 2014 - PRLog -- Owner occupied home loan is a type of mortgage that is offered by lenders and credit providers to those people who desire to buy a house and use it as their primary residence. Such loans are offered to home buyers who want to use the property for dwelling and not for investment purposes. Most lenders offer favourable rates on owner occupied home loans because they assume that the owners will take better care of the house than the tenants.

Owner occupied property finance is available for those people who are:

>> Searching for their first home to live in and want to use it as primary residence, or

>> Looking to sell their current home and buy another home to live in and use it as primary residence

Now if you are looking for an owner occupied home loan, you must know the list of homes that lenders and credit providers consider as acceptable owner occupied real estate security:

>> Free-Standing Residential Detached Homes

>> Semi-Detached Homes

>> Terraced Housing

>> Townhouses

>> Duplex Homes (also called Duplexes), and

>> Flats (also called "Home Units")

Now that you know about the acceptable properties, you can start managing your personal finances and begin the process of obtaining owner occupied home loan - http://www.singhfinance.com.au/residential-finance/owner-... . You can take help of a professionally qualified and expert finance broker who has a thorough knowledge of the finance industry and also knows what the standard requirements are for getting an owner occupied home loan.

The finance broker will prepare a "Home Loan Checklist," to help you understand your financial limitations and he/she will help you to get a pre-approved home loan. Here is a list of what the finance broker will do. He/she will:

>> Look at your overall financial position and prepare a budget for you

>> Use a "Borrowing Power Calculator" to work out - how much you can borrow and how much your repayments might be

>> Work out how much of a deposit you will need to get owner occupied property finance

>> Advise you if you should fix your home loan for a fixed period (e.g. eiuyr one, two or three years) or if you should take a variable product, or if you should take a combination of fixed and variable

>> Advise you what documents you have to provide to get a home loan

>> Advise you if Lenders' Mortgage Insurance (LMI) is payable

>> Advise you what stamp duty and other related fees will incur

>> Confirm if you are a first-time home buyer as you may be eligible for a one-off payment through the governments' First Home Owner Grant (FHOG) scheme (see firsthome.gov.au), and

>> Obtain pre-approval for you, which will put you in a stronger negotiating position with the vendor or real estate agent

An expert finance broker will do all the work for you and make sure that you obtain quick pre-approval. So, it is ideal to employ the services of a reputed finance broker because it will save you from all the trouble of finding the best finance package for you primary residence.

http://www.singhfinance.com.au is a reputed finance brokerage firm of Australia. It has a team of expert finance brokers who will leave no stone unturned in obtaining pre-approved owner occupied home loan for you. The team will even help you in finding suitable home and contents insurance for your home. Call on 0424 190 908 today.

Shalendra Singh
0424 190 908
Source:Singh Finance Pty Ltd
Email:***@singhfinance.com Email Verified
Tags:Owner Occupied Home Loans, Mortgage Finance, Buy Primary Residence, Favourable Rates, First Home Owner Grant
Industry:Home, Loans
Location:Sydney - New South Wales - Australia
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