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  Most common mistakes.  
     

One:
 
Not shopping around.

There are lenders falling over each other to win your business.
It is usually only much later that you discover that you could have got a much better deal than the one you chose that has now cost you thousands.

Don’t choose a lender for a home loan for the wrong reasons.
No matter how rushed you feel, take the time to contact Lifesaver Home Loans.
In no time we will give you lender options to consider which are almost always superior to any loan you can find by yourself. It is not uncommon that you may even end up with the same lender but with a better product or lower costs.
 
Two:
 
Not planning for your future needs.

Costs especially stamp duty on purchases associated with buying and selling property are extremely expensive, you don’t want to pay it all again in only a few years because you didn’t think ahead.

When you buy a home you should consider how long you expect to be there for.

Picture your needs at that time, (the number of bedrooms required, proximity to schools, public transport, work etc).

If you think that you will be in the area for twenty years but will probably outgrow the house in five years then consider other options.
Others may need to allow for their chicks to fly! In only a few years you may regret buying a house that is now too large or high maintenance for your new lifestyle.
 
Three:
 
Not borrowing enough at settlement.

We have all seen houses with sheets on the windows instead of curtains. Did the owners not qualify for more finance or simply not plan ahead? You should never borrow more than you can afford or borrow more than you need and then blow it on something, which you regret afterwards.

What you should avoid is finding that you are short of funds at settlement or need some funds after settlement and be forced put it on a credit card or personal loan.

Most lenders allow you to borrow extra funds and then put them back on the loan after settlement at no extra cost or charge. The money is then available to you if and when required.
 
Four:
 
Making or accepting verbal conditions.

The signed agreement between purchaser and vendor is binding. Any agreements between the parties should be specified here in writing to avoid misunderstandings later.

For example, if you accepted only verbally that the seller would remove the three car bodies from the front yard before settlement and they now refuse, guess who will have to pay to get them removed later?

Don’t assume. If the birdcage, above ground pool or your favourite plants are not part of the sale then specify it in the sale agreement.
 
Five:
 
Not reading contracts/signing blank forms.
 
You know what is right and wrong and what is smart and what is stupid; but buying, selling and refinancing can be a very stressful time. You are tired and probably trying to organize ten different things when someone suggests that you do what you know is wrong. Don’t do it!

     
     

Some testimonials from people that we've helped...

"Easy to contact (both phone and email) and prompt replies. " - Lauren from Hoppers Crossing

"Consultative and although it's taken some time to get right - I appreciate the effort Peter went to to get the result." - Trevor and Jemima from Sunbury

"Both times we have dealt with you it has been hassle free." - Michael and Fiona from Ballarat

"Very friendly always available to answer questions very knowledgable." - Les from Rowville

"As always Peter is there when you need him no matter when or why. I dont have anyone else to recomend as yet but you can be assured as soon as i do they will be coming to you." - Glen and Renee from Berwick

"Straight to the point and you got me the best value for money" - Philip from Everton Park

"Your great work on obtaining our re-finance with Suncorp - they have been exceptional in service as you were! And the fact you ate my scary macaroon biscuits!!! If we need any financial requirements - you will be the first to hear from us!!!" - Jennie and Ray from Sassafras

"Efficiency and Contactability and information provided" - Ellen and Michael from Boronia

"Reliability Objectivity Flexibility, Thanks Peter! We LOVE our new house! It probably wouldn't have happened without your help! In a stressful time it's good to have someone on your side.Reliability Objectivity Flexibility, Thanks Peter! We LOVE our new house! It probably wouldn't have happened without your help! In a stressful time it's good to have someone on your side." - Lauren and Stephen from Warburton

"Thanks for the quick responses to all my correspondence - regular updates with the loan application." - Tina and Peter from Lilydale

"Thanks for responding to my questions so quickly." - George from Kenmore

"Thanks for having the forms ready to fill out and doing the running around for me." - Julie from Lawnton

"Your persistence and follow up was very much appreciated! Thanks for everything." - Rachel and David from Cockatoo

"Peter has level of genuine care and resolve to take a personal interest in my circumstance and case." - Fiona from Edithvale

"Peter has excellent communication and follow-up Knowledge of the choices." - Joanne from Burwood

"Thanks for understanding my finances and needs on how to structure my loan. Very helpful and understanding." - Niki from Fairfield

"Peter was extremely helpful and WOULD BEND OVER BACKWARDS TO ASSIST US." - Donna and Andrew from Hoppers Crossing

"Loved the fact that you asked if we wanted to go with someone else even after we had signed the papers with CBA and you had already done alot of work as it was!" - Stepanie and Greg from Upwey

"Thanks for your speedy responses." - Kylie from Kenmore

"Peter put up with my lack of understanding of the process. Helped me through information requirements from builder which were above beyond the norm." - Victor from Wantirna

"Peter gave me alternatives to buying an established property and the savings that could be had." - Suzanne from Maidstone

"Always kept us updated on the progress would always make sure we understood everything." - Michael and Joanne from Boort

"What did you like the most about me? How you go out of your way for your customers, and your honesty." - Carlo and Rina from Epping

 
 
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