First Home Loans
Let us help you get onto the property ladder.
Taking your first step onto the property ladder is an exciting time, but with so much to consider, it may be a little overwhelming. Force Finance Solutions believes that everyone has the right to free mortgage guidance when purchasing their first home.
First Steps in Buying a Home
Get in Touch. We offer a flexible service that gives you the power to choose how and when you want to deal with us.
October 25, 2016How much can you borrow?
We assess how much you can borrow, how much everything will cost (no nasty surprises), and lead you through the full buying process from beginning to end.
October 25, 2016Fill out your mortgage application
We do all the paperwork – all you have to do is supply us with your identification & financials!
October 25, 2016Find your best solution
We’ll search the thousands of products to ensure the very best mortgage deal for you.
October 25, 2016Finalise the deal
We will keep track of your application and ensure everything goes like clockwork.
October 25, 2016Ready to take the next step?
At Force Financial Solutions we will assist you with searching for the best products, whether it be a mortgage, personal loan or debt consolidation.
What types of first home loans are available?
Split Loan
With a split loan, borrowers can choose to allocate a percentage of their loan to a fixed-rate portion, which provides a set interest rate and repayment amount for a specified period of time, usually between one to five years. The remainder of the loan is allocated to a variable-rate portion, which allows borrowers to take advantage of any interest rate reductions, but also means that their interest rate and repayment amount may fluctuate over time.
Packaged Loan
With a package loan, borrowers are typically offered a discounted interest rate on their home loan, as well as reduced fees and charges on their other financial products. In exchange for these benefits, borrowers are usually required to pay an annual package fee, which can range from a few hundred dollars to a few thousand dollars depending on the lender and the package inclusions.
Ready to take the next step?
At Force Financial Solutions we will assist you with searching for the best products, whether it be a mortgage, personal loan or debt consolidation.
Introductory Rate Loan
An introductory rate loan, also known as a honeymoon rate loan, is a type of home loan that offers borrowers a reduced interest rate for a fixed period of time at the start of the loan term. These reduced interest rates are often referred to as a ‘honeymoon rate’, as they are intended to entice borrowers to choose a particular home loan product.
Interest Only Loan
An interest-only loan is a type of loan where the borrower is only required to pay the interest on the loan for a specified period of time, usually between one to five years, before the loan reverts to principal and interest repayments.
Guarantor Home Loans
A guarantor home loan is a type of home loan where a third party, usually a family member or close friend, guarantees the loan for the borrower. This means that the guarantor takes on some or all of the responsibility for repaying the loan if the borrower is unable to make their repayments.
Guarantor loans can help borrowers who may not have a sufficient deposit or income to meet the lender’s requirements, as the guarantor’s assets and income are taken into account when assessing the borrower’s eligibility for the loan. This can help borrowers secure a home loan with a lower deposit or without having to pay for lender’s mortgage insurance
Lenders Accessed
How much can you borrow?
Want to crunch some numbers before you go any further? Use our online calculators to find out what you can afford or save in regards to your finances.
