EZY Steps to Get a Home Loan

       1. Work out what you can realistically afford in weekly repayments for home ownership. As a rule of thumb banks use about 35% but you may be able to push this a bit higher. Weekly repayments will be something like $170/week/$100k of property value. If you are buying an investment property the approx. 80% of rental income can be used as considered income.  You are now in a position to work out the value of property you can afford to own.

       2.I f you have not already done so look around for the type of property you would prefer [# bedrooms, baths,car spaces etc] & get an idea of price so it can be matched with your budget.

       3. Most of us have champagne tastes but most only have beer budgets so the rationalization between needs & wants can be painful. You may have to give up the extra bedroom, water front views, or sublet a room to get into home ownership. It may take two or three purchases to build sufficient equity to purchase the dream home.

       4. Fill in your application honestly including a note of your strategy. For example; some wish to pursue a line of renovator specials, others after buy & holds, first home owner buying just struggling to get into home ownership

       5 While EZY Home Loans is looking over your application, get your administration in. Any lender is going to want to see your ID's , evidence of income, deposit etc.

       6. EZY rep. will contact you & advise you of your next step forward.

Follow the six steps to get the house of your dreams

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