You will need a deposit, unless you are providing alternative equity. As well as your deposit, other property acquisition costs may include:
- Government stamp duty on the transfer of title
- Government stamp duty on the mortgage
- Registration costs for both the transfer of title and the mortgage
- Title search
- Valuation fee
- Solicitors' and legal fees (may be up to $800 - depending on your solicitor)
- Lender's loan establishment fee (varies considerably between lenders)
- Mortgage lender's insurance (if you need to borrow more than 80% of the purchase price)
- Home and Contents Insurance can be arranged through CrediFlex Finance
- Strata title inspection report (for home units)
- Council rates (adjusted for time of ownership)
- Building and pest inspection report
- Moving costs (removalists)
Your Broker may charge a Brokerage. Make sure that you are aware of the charge before you proceed. The broker MUST declare the charge to you upfront. (NOTE**- CrediFlex Finance does not normally charge brokerage for straight forward Home Loans. Charges may occur for time consuming Home Loans and most Commercial transactions). Not all these costs may be applicable to your transaction. Please ask your CrediFlex Finance Mortgage Consultant for full details.
