Untitled

Buying your first home is exciting, but complex. Trinity Home Loan Solutions can make it easier by helping you through the steps, and by assisting you with government programs like the First Home Owners' Grant Scheme. scing. Trinity Home Loan Solutions offers a number of products to help potential first home buyers break into the property market sooner. In some circumstances, borrowers are able to borrow up to 100% of the property value and buy their first home without having to save a deposit in advance.

Firstly ,you must work out the following:

1) number of bedrooms /Bathrooms,
2) number of car spaces,
3) accessibility to public transport /shops/schools,
4) Any extras such as swimming pool/shed/patio,

Secondly, work out how much you can borrow & how much deposit you need.

By calling us on 02 9787 8332 or 0408 401 213 we can work out an affordable home loan tailored to your needs. We can also apply for your First Home Owners Grant & ensure the money is available on settlement.

Thirdly, find a solicitor/conveyance. They will assist you with all the legalities of your purchase. If you cant find one we can recommend one to you. Whoever you choose, we will liaise with them each step of the way so settlement will proceed as quickly & smoothly as possible.

Fourthly, to ensure you have a broad idea of homes for sale & their prices:

1) search for properties online
2) contact real estate agents in the local area you are looking to purchase
3) attend open house inspections
4) attend auctions

Ways to pay off your loan quicker

1) Low interest rates and fortnightly or weekly repayments save some interest.

2) A traditional loan is paid either monthly, fortnightly or weekly. The term of the loan can be reduced by paying fortnightly or weekly due to one extra monthly repayment on the loan per annum.

3) The term is also reduced due to interest being calculated on a daily balance, and since the repayments are reaching the loan faster than once a month, the interest charged on the loan is less, and therefore your loan term is reduced.

4) A new loan product called the Line of Credit has now been introduced to the market. A line of credit is simply a home loan with a borrowing limit which can be re-used if you pay all or part of it off. In other words, it is like an overdraft or huge credit card with a home loan interest rate. The Line of Credit can be arranged to purchase a new property, business or investment or simply refinance existing loans. The Line of Credit is a facility where you can pay in as much as you like, and withdraw as much as you like (provided you do not exceed the line of credit limit). In other works, your money can come and go as you please. Interest on the Line of Credit is calculated on a daily balance; therefore, if you have a lump sum or excess cash which can be parked in the loan, you will reduce both your interest and term of your loan

5) By placing all of your income into the Line of Credit, and placing your living expenses on a credit card (55 days interest free credit card) you can reduce the term of your loan dramatically. The goods and services which you purchase at the beginning of each month are not really paid for until the end of that month. Therefore, money has been sitting in your home loan, reducing your interest and reducing the term of your loan (After all it's your money, why not use it to your advantage). At the end of each month, an automatic transfer occurs from your Line of Credit to your credit card thereby ensuring that you never pay interest on you credit card. Should you need cash, it can be withdrawn by cheque or ATM card directly from you line of credit as you would do with a normal bank account.