Revive Home Loans: Warning...Purchase Costs

Warning: Purchase Costs

Many first home home buyers fail to calculate the costs of buying their first home correctly.

These costs include government charges such as stamp duty, mortgage stamp duty, mortgage insurance, solicitor’s fees and search fees, application fees, valuations costs etc. These costs can easily add up to 5% of the value of the property you are buying. It can be even more depending on what state you are in and the purchase price of the property.

This where the first home owners grant can help. It is meant to help you cover these costs and in some cases it can do so fully, however in many cases it does notcome close, so those extra funds to cover these costs need to come from somewhere...you guessed it.......you.

Make sure your sums are done before you buy, if your not sure call Revive we can help you work things out.