Getting Started

Getting ready to buy your first Property

Some of the key points to consider before you start looking;

How much savings do you have?
Most lenders will want to see that you are able to save on a regular basis and will usually look at your last 6 months bank statements. Depending on your situation, some lenders may lend up to 95% of the property value and may consider adding Lender Mortgage Insurance (LMI) premium to the loan up to 97% of the property value. In general, if you are borrowing over 80% of the property value then LMI will be applicable.

At a minimum, lenders will require you to have at least 5% of the property value in genuine savings as well as enough money available to cover other costs of purchasing a property such as stamp duty, conveyancing etc.

In some instances, some lenders may allow you to utilise your parent’s property as a security to reduce the deposit required to purchase the property.

How much can you borrow?
A home loan pre-approval allows you to know the maximum amount lender is willing to lend and any conditions the lender would require you to meet for the finance of the property

When you know how much you can borrow, you will be able to bid or negotiate on a property confidently.

Fees involved in buying a property
As a buyer, you will need to have sufficient funds available to cover a number of costs before settlement. Some of the costs may include stamp duty, loan set up fees, conveyancing, settlement fees, inspection costs, valuations and insurances such as lenders mortgage insurance and building insurance.

Grants and Incentives
Our government has introduced a number of incentives and benefits to provide a helping hand.

Depending on the State of the Property and your circumstances, you may be eligible for the following:

• First Home Owners Grant
• First Home Buyers Assistance Scheme (Stamp Duty Exemption/Discount)
• First Home Super Saver Scheme
• First Home Loan Deposit Scheme

To find out more information on the above visit the following sites

Our Process

Our process is simple to understand and has been designed to simplify the whole process of purchasing your new property. We will be here every step of the way ready to answer any questions you may have. If you are ready to start your home purchase / refinance journey, click here.


Meet The Team

Juan Xian
Senior Mortgage Consultant
B. Maths and Finance, Dip. Finance and Mortgage Broking Management, AMC, FBAA, Justice of the Peace

Juan has over 6 years of experience in the General Insurance Industry as an Underwriter. Over the years he has developed a knack in building strong relationships and effective negotiation skills with his insurance brokers which he utilises on a daily basis as a mortgage broker. He understands that having a strong relationship with the banks will ensure that when it comes to negotiating he will able to get the best deal for you with the banks.
Juan holds a Bachelor of Mathematics, Diploma of FInance and Mortgage Broking Management and Finance and completed Certificate IV in Financial Services (Mortgage Broking). He is also a Justice of the Peace for NSW.

Christopher Foo
B. Business, Adv. Dip. Financial Planning

Christopher Foo has over 15 years experience in the financial services industry. Chris holds a Bachelor of Business from University of Technology Sydney with majors in Finance & Financial Planning. He has completed Certificate IV in Financial Services (Mortgage Broking) and is RG146 compliant (Financial Planning).

Chris works with his clients to provide a tailored, holistic and strategic solutions to reach their clients financial and home loan objectives. This is done through his hands-on experience and deep understanding of cash-flow, debt, assets and taxation.

If you’re looking to invest in your first property or subsequent properties, Chris would welcome the opportunity to help you plan and shop for the ideal mortgage to suit your property investment needs.