Before meeting with your 1st Street mortgage brokers it is worthwhile thinking about your goals and requirements so that your broker can recommend the most suitable product available to you.

Is this your first home?

Before you start looking for a property, we can get you conditionally pre-approved. That way when you find your perfect place you can move quickly and with confidence. Pre-approvals generally last between 3-6 months depending on the selected lender.

Are you planning to sell a property first or do you need bridging finance?

It can be difficult to time a buy and a sell perfectly and if you purchase a new property before selling your current property, 1st Street can arrange bridging finance to ‘bridge the gap’ until your property is sold.

Are you purchasing an investment property?

A loan for an investment property may need to be structured differently to an owner occupier loan and your 1st Street Mortgage Broker can discuss the options available to you.

How much can I afford to borrow?

A suitable home loan provides you with a good balance of being able to purchase a property and being able to comfortably meet the repayments. Your 1st Street Mortgage Broker will calculate your borrowing capacity with a borrowing power calculator based on your deposit, genuine savings, property equity, income, regular expenses and financial commitments.

You will be shown the associated repayment schedule for a range of loan amounts available and ultimately decide which amount suits you and your lifestyle.