FAQ
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First home buyer
How can a first-time home buyer go about purchasing a property?
Key steps include saving for a down payment, obtaining a pre-approval loan, finding the right property and secure funding.
What is the minimum down payment needed for a first-time homebuyer?
The minimum deposit can fluctuate, but generally ranges from 5% to 20% of the property’s purchase price.
Are there governmental grants or incentives available to assist first-time homebuyers?
Indeed, there are several grants and incentives accessible, including the First Home Owner Grant (FHOG) and reductions in stamp duty. We can assist you in investigating these opportunities.
What are the benefits of utilising a mortgage broker when purchasing your first home?
Mortgage brokers aid in navigating loan choices, negotiating with lenders, and simplifying the application process, frequently resulting in time and cost savings for you.
Car loan
What are the benefits of obtaining a car loan via Credit Stream services?
We offer assistance in locating competitive interest rates, providing flexible repayment choices, and tailoring car loan solutions to fit your budget and requirements.
Which option is preferable: purchasing a car with a loan or leasing it?
Whether to opt for a car loan or a lease hinges on your personal preferences and financial circumstances. We can assist you in evaluating the advantages and disadvantages of each.
Refinance
At what point should I contemplate refinancing my current mortgage?
Refinancing could be a viable option if you’re seeking a more favorable interest rate, reduced monthly payments, debt consolidation, or accessing the equity in your home.
What expenses are involved in the process of refinancing
Refinancing may include charges such as exit fees, application fees, and valuation fees. Nonetheless, these expenses can frequently be balanced out by the savings achieved from a reduced interest rate.
Investment loan
What are the methods available for financing an investment property?
One option for financing an investment property is through an investment loan, tailored for this particular purpose. We’re here to help you discover the most suitable investment loan to align with your objectives.
What tax advantages come with investment loans?
Investment loans frequently provide tax advantages such as deductions for interest payments, property management costs, and depreciation. Our specialists can offer advice on how to optimise these advantages.