Guide to First Home Buyers
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This document provides general advice about purchasing a first property. It warns that the information should not be considered without taking individual circumstances into account. Investors are advised to obtain specific financial advice before making investment decisions. The document then outlines the buying process, including applying for finance, making an offer, signing contracts, arranging building and pest inspections, settlement, and receiving the keys.
Guide to First Home Buyers
- 2. Advice Warning This presentation is intended to provide general information only and has been prepared by Fidelis Financial Solutions ABN 22 154 372 979 without taking into account any particular person's objectives, financial situation or needs. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain financial advice specific to their situation before making any financial investment or insurance decision. Please note all case studies on this site are for illustration only.
- 3. Your Finance Adviser Credit Representative of Australian Credit Licence Number 389328
- 4. Purchasing your first property is most likely a:
- 6. At Fidelis Financial Solutions
- 9. Why property? Provides Diversification to Potential of your Portfolio Strong Capital as property is As a result, it It tends to provide unrelated to other provides the ability growth strong but investment classes to Stable Returns you might have Smooth out the across all Volatility & Returns economic cycles of your wider portfolio It is a Current historically Defensive Growth Low Vacancy Rates asset Australia wide
- 10. Our main objective is Educate tools & knowledge accurate Andre Garcia Director
- 12. Questions To Ask Your Finance Adviser What are the real costs to get in? How much deposit do I have? Do I have to pay lenders mortgage insurance (LMI)? What is the cost of LMI? Who does LMI protect? How can I justify paying LMI? What are the timeframes to arrange finance.
- 13. Questions To Ask Your Finance Adviser Which bank should I choose? Why? Which bank will take me as a client? Why? Should I pay Interest Only or Principal and Interest? Should I have fixed or variable interest rate? What is offset account and how can I benefit from it? Do I really need a professional pack? What documents do I need to provide?
- 14. We will help you to pay the right price If you are looking to Buy a property & We will provide you and pay the with a property report Right Price (supplied by RP Data) for it, which is possibly one of the best tools you will have at hand.
- 15. We will help you to pay the right price The report features RP Data Property Valuation. In short, the RP Data reports will allow you to better Cadastral and aerial understand your local mapping of your market. You will be armed property including land with tools and information dimensions and last to make the best possible sold prices. offers! A handy comparison of Historical sales on your your local property street and market including those surroundings. for sale and those already sold. A list of local points of A detailed overview of interest; median house prices schools, ambulance, poli (house and units). ce, hospitals;
- 16. RP Data Reports
- 18. Sample Property Aerial Report
- 19. Buying Process Made Simple Fidelis Financial aims to make the buying process as easy and straightforward as possible so you know what to expect each step of the way. In summary, the steps to home ownership are: Settlement Property Contract of Formal and The Finance Found. Building Unconditio Sale Signed Loan contract importance Pre- Offer made Insurance nal finance (Subject to application exchange/ of Personal approval and arranged approved conditions) submitted Pick up your Insurance accepted Keys
- 20. Some of Our Lenders
- 22. o Go Property Hunting. o Apply for Finance o Local Property Reports o Property found can be provided (recent o Offer made and accepted. o Pre-Approval sales, property auto- valuation) o Add the conditions of the o Set Settlement date at o Contract of sale signed by contract i.e. Conditional to least 30-45+ days Purchaser and Vendor. finance, building away, this will allow 2-3 inspection, sale of another o Building Insurance and weeks to arrange property, deposit amount Inspection arranged ASAP. finance and etc. Set settlement date. unforeseeable delays. o Request copy of the signed o 48hr cooling off period Contract of Sale and Form o Your Conveyancer will begins at 00:00 hrs. of o Email it to your Fidelis review the contract and following day (i.e. Financial Broker ASAP. Real Form 1 and make Contract signed on Estate Agent should have recommendations. Tuesday at 14:00, cooling sent a copy to vendor and off period begins at 00:00 purchaser’s conveyancers. hrs. Wednesday)
- 24. o Agreed Deposit due at the o Bank to re-asses loan end of 48 hour cooling off application with updated o Formal Approval period. documents Granted o Broker will gather updated o Lender will confirm all pre- o Broker will advise payslips, bank statements etc. approval conditions have Client, Conveyancer and been met. Real Estate Agent of o Formal Application For unconditional approval Finance Submitted/FHOG(if o Property Valuation will be applicable). requested. o Loan Contract to be signed by Client. Fidelis Broker will o Loan Contract Documents o If Legal Advice is required be present when signing will be mailed to client. please make prior Loan Documents to explain Clients to review. Engage arrangements to avoid and confirm it is 100% with solicitor, accountant (if delays (i.e. Guarantor). correct before sending applicable). them back to the bank. o Purchasers Conveyancer to advise client of final Cheque o Purchasers o Pick up the keys to your required indicating amount Conveyancer, Vendors new property from and due date; Conveyancer and Bank to Vendors Real Estate attend Settlement and o Settlement date can be Agent exchange Contract. confirmed.
- 26. Same Day o Contract of Sale signed o Formal Application o Formal Approval granted and forwarded to broker. submitted along with all o Broker to notify days 1-5 o Broker to gather supporting documents. Client, Conveyancers and supporting documents o Further Documents Real Estate Agent. for formal application. maybe required by bank o Broker to verify o Broker to return o Client to receive loan documents are %100 documents to Bank with documents ASAP Same day correct. an Express Envelope. o Client to arrange a o Broker to Explain meeting with Broker documents to client 1 -2 days o Pick up the keys to your o Bank receives and o Settlement date to be new property from verifies documents carried out Vendor’s Real Estate Agent
- 27. We are all reluctant in paying for Personal insurances up until something happens to us or a close family member
- 28. We tend to think We're Invincible And Nothing can happen to us.
- 30. Therefore Protecting your assets and your family will become an essential part of your life and your commitments.
- 31. Our duty Having a proper set of Protection. insurances around you should help you feel safer and more comfortable with unplanned and unforeseen circumstances
- 32. Points to Consider More than • Australians will be diagnosed with a serious illness in their working life. (ABS Statistics) 3 out of 4 1 in 5 • will die or become seriously ill or injured. (The Lifewise Report) Working age parents 1 out of 3 women • 1 out of 3 women and 1 out of 4 men will suffer from some form of cancer during their lifetime. (The Cancer Council) 1 out of 4 men • Australians are diagnosed every year with a long term medical condition; 77% of that is, a disease or other health problem that lasts for at least 6 months. (Health and Welfare Report) • • hospitalisations every year are due to injury; which is the greatest cause of 1 out of 20 death in the first half of life, and leaves many with serious disabilities. (Health and Welfare Report) 25% of men and • who die every year are under the age of 65 years old. (Health and Welfare Report) 15% of women 95% of • Australians are not properly protected
- 33. “It pays an agreed lump sum in the event of your death or terminal illness (expected to die within 12 months). Mostly used to pay off debts and/or provide a savings buffer.” Life Insurance (also known as death or life cover): It covers75% for your salary for a period Income Total of time if you’re temporarily unable to work Protection Types of Permanent It pays a lump sum if you’re totally and permanently disabled. Mostly used to pay Disability because of sickness or injury. It unable you to partially maintain your lifestyle while you (also known as income insurance): Insurance (TPD): off debts and/or provide a savings buffer. return to the workforce. ” Trauma (also known as critical illness insurance): It pays a lump sum in the event that you suffer a medical trauma that impacts your life. There is cover available for over 70 different types of trauma including cancer, stroke, heart attack, diabetes and loss of limbs. Used to pay medical expenses and assist in difficult times.
- 34. Fidelis App Download Today All of the property tools and resources at your fingertips. Get loan pre- approval, ask for property valuations, access our professional network and much more! Available from Google Play and Apple Store
- 35. Earn $200 for every new home loan client you refer to us!
- 37. Make your FREE appointment today Credit Representative of Australian Credit Licence Number 389328