Call Michael - 0400 030 556

Buying a home

Start your journey

Let’s buy a home together

It’s a big decision, so it’s good to have someone there to help you make the right one. 

We’re here to help

Buying a home is one of the biggest things you’ll do in life. We’re here to help you by making sure you have the info and options you need to find the finance solution you’re looking for (for the house you want).

There are so many home loans to choose from, with new ones always being introduced, not to mention special offers and other ‘deals’. As a broker, we’ll not only help you find a loan that suits your particular needs, but we’ll also help you complete the paperwork and submit the application for you.

It’s why over 70% of Australian borrowers now use a broker to secure a home loan. Before you use a broker you might like to get a better understanding of what’s available by visiting our Different Loan Types page.

If you want to get a better idea of your borrowing power and what your likely repayments might be, try out our Online Calculators.

At anytime on your home buying journey, feel free to give us a call or email us and we’ll do everything we can to make it easier for you.

How we help

Six tips for home buyers

Define your budget

Determine how much you can afford by assessing your financial situation, including your income, existing debts, and future expenses. Consider additional costs like property taxes, homeowners insurance, maintenance, and potential renovations.

Research the neighbourhood

Investigate the neighbourhood where you plan to buy. Look into safety, schools, amenities, proximity to work, public transportation, and shopping centres. Visit the neighbourhood at different times of the day to get a sense of the environment.

Get a home inspection

Hire a qualified home inspector to evaluate the condition of the property. This can help identify potential issues with the home’s structure, plumbing, electrical systems, and more. The inspection report can provide valuable information and may be used in negotiations with the seller.

Understand the terms of the mortgage

Understand the difference between fixed-rate and variable-rate mortgages and choose the one that aligns with your financial goals. Be aware of additional costs like discharge (closing) fees and consider getting pre-approved for a mortgage to strengthen your negotiating position.

Consider future resale value

Even if you don’t plan to move anytime soon, it’s essential to consider the home’s resale value. Choose a property that has the potential to appreciate in value over time. Research the real estate market trends in the area to gauge its long-term stability.

Negotiate effectively

Feel free to negotiate with the seller, especially if the inspection reveals issues that may require repairs. Be clear about what repairs or improvements you expect the seller to make before closing, and ensure these terms are clearly outlined in the purchase agreement.
Let's talk

Ready to talk through your lending options?

Whether you are buying, refinancing, investing or planning your next move, Compass Lending & Finance can help you understand your options and approach the process with confidence.
Call 0400 030 556

Or send an enquiry

General information only. Your personal objectives, financial situation and needs should be considered before making lending decisions.

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Call Michael - 0400 030 556