• Grey Facebook Icon
  • Grey Twitter Icon
  • Grey LinkedIn Icon
  • Grey Google+ Icon
Our Address
102, 75 Tulip Street
CHELTENHAM VIC 3192
Call Us
Phone: 03 8672 2999

Email: info@myfirstproperty.com.au

NEWS

News

Case Studies

July 17, 2017

Our new Facebook Page has been launched! We will be posting weekly about General finance and property news, Government incentives, Legislation, our latest events and so much more.

Like our page now: 

https://www.facebook.com/MyFirstPropertyFinance

Geoff Wood, director of My First Property Finance, says bigger deposits generally lead to lower interests rates with some banks, however licensed finance or mortgage brokers are often able to negotiate the same rate even if the deposit is only five per cent of the total loan amount.

“In general terms, banks will lend up to 95 per cent of the total $450,000 value of that property, which means you can borrow $427,000, and of course the deposit you need will be reduced if you are eligible for the first home buyer’s grant,” Woods says.

“It’s vital to remember that there are always extra costs and charges involved in buying a property that will increase the size of the deposit required. Conve...

A mortgage broker is such a powerful adviser that, for good or bad, they are likely to have a major influence on your financial life. Here’s some advice from industry experts on five important signs that you have scored a good one.

1. Their credit guide

According to Peter White, CEO of the Finance Brokers Association of Australia (FBAA), the first thing that helps to recognise a good mortgage broker is that they give you their credit guide up-front before talking to you.

“It’s a document that discloses their range of services, their background, what their internal and external dispute resolution processes are, what industry associations they are members of and what ombudsman they are a pa...

Please reload

Please reload

Coming Soon

Blog Feed

July 17, 2017

Our new Facebook Page has been launched! We will be posting weekly about General finance and property news, Government incentives, Legislation, our latest events and so much more.

Like our page now: 

https://www.facebook.com/MyFirstPropertyFinance

Geoff Wood, director of My First Property Finance, says bigger deposits generally lead to lower interests rates with some banks, however licensed finance or mortgage brokers are often able to negotiate the same rate even if the deposit is only five per cent of the total loan amount.

“In general terms, banks will lend up to 95 per cent of the total $450,000...

A mortgage broker is such a powerful adviser that, for good or bad, they are likely to have a major influence on your financial life. Here’s some advice from industry experts on five important signs that you have scored a good one.

1. Their credit guide

According to Peter White, CEO of the Finance Brokers Association of Australia (FBAA), the first thing tha...

Please reload