Finance Broker Australia Home Loan Broker

House prices are headed for a fall according to a news.com.au article which claims Sydney house prices could fall by as much as 30 per cent in the next two years, economists say.

On the other hand a media release from forecaster BIS Shrapnel is predicting growth over the coming years for inner city apartments in Sydney.

Weeks or months may have passed and a property you are very interested in owning available to buy. Usually you will have carefully inspected the property yourself on more than one occasion and the asking price is within your borrowing capacity. It is a good idea to make a call to your finance broker on 02 8002 4035 to check that nothing has changed. For example, if your home loan near the maximum you are able to afford, and interest rates have increased there my be a need to reduce your loan amount due to reduced affordability.

Once the vendor has verbally accepted your offer to purchase contact your solicitor, conveyancer or leagal representative immeadiatley Contact your finance broker again to check the loan previously preapprved is still available and competetive. Your legal advisor should normally have seen the contract of sale by now and explained any items of concern to you and is the only person to consult regarding paying over any deposits or signing anything. Various inspections need to be arranged depending on the property type and location.