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Getting the best mortgage deal or an ideal home loan in Newscastle is crucial to your overall budget and realizing your dreams of owning a home. So, whether it’s your first home loan or you’re seeking to re-mortgage, we at Wisebuy are fully equipped to help you achieve your goals.

Purchasing a property is a big move- so tread cautiously. We list here some key considerations for you to ponder upon before leaping: 

Home Loan Estimate: 

Before you start the process of looking for a home, set up an estimate. This estimate will depend on various factors like your income, savings, expenditures, medical costs, and any outstanding loans that you be having. 

Then estimate how much you would like to borrow and the duration of installments. A Home Loan Calculators Newcastle like Wisebuy Borrowing Power Calculator Newcastle can help you in budgeting effectively.  

What should be my deposit amount?

As a thumb rule, a deposit of 5-10% of the property value suffices. Your loan amount will be the total cost minus the deposit amount. However, if your deposit is below 20%, you may have to bear the Lenders Mortgage Insurance (LMI). 

A Family Guarantee can help ease load and avoid costly LMI. However, you need to discuss these with your family and weigh in all the associated risks.

Deposit Amount Incentives: 

There are some federal and state incentive schemes to aid first time home buyers 

  • The First Home Owner Grant
  • The First Home Loan Deposit Scheme
  • The First Home Super Saver Scheme

These grants cover eligible First Home Buyers Newcastle, help you avoid lenders mortgage insurance, and also enable you to withdraw any contributions made to your super. 

Our experts at Wisebuy Investment Group can offer you the advice and latest information. We qualify as one of the best home loans and mortgage brokers in Newcastle. 

Home Loan Repayment Calculator, Newcastle

The repayments amounts are dependent on your loan amount, the loan tenure, and the applicable interest rates. Standard prevailing tenures in Newscastle are for 20 to 30 years 

You can use our Wisebuy Repayment Calculator Newcastle to help you work out your repayments of different loan amounts over different terms and at different interest rates.

Any First Home Buyer ConcessionsYes. There are applicable concessions for first home buyers. For more information on it, you can use our Wisebuy Stamp Duty Calculator Newcastle  to work out if you’re eligible for a full or partial concession.

We at Wisebuy Investment Group rank as one of the most qualified home loan and mortgage broker specialists. We handhold you through the entire process of Income Tax Calculator Newcastle, home loan calculations to organizing your home loan to the actual purchase. 

Contact us for any queries you have related to home loans or mortgage deals in Newcastle.


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