Applying for pre-approval is your ticket to house-hunting with confidence. It gives you a clear indication of how much you can afford so you can make an offer when the right property comes along.

1. Book an appointment by calling Hejaz Financial Services who are here to walk you through the home loan process and to apply for pre-approval.
2. Once you’ve received pre-approval, it’s time to go search for your property.

Estimated time conditional pre-approval is valid for: 6 months
To determine your goal amount, look at house prices in areas you’d like to buy and use our calculator to see how much you could borrow. 

Planning is the key to successful investing. Creating a plan will help you find investments that fit your investing time frame and risk tolerance, to help you reach your financial goals sooner. 

When purchasing an investment property it’s important to consider all your expenses, including not only the more obvious upfront costs, but also the ongoing costs of property ownership too.

Now you know what your upfront and ongoing costs will be during and after purchasing your investment property, it’s important to drill down on your budget. Every investment journey should begin with a clear budget in mind.

When organising your budget don’t forget to also include what you plan on saving per month to help you work towards any future financial goals you might have. Remember your borrowing power will be likely be affected by your income and also your expenses.

Choosing where to buy an investment property is important, as it can impact your potential capital growth and rental yield.

• What is the population like? Is it growing or declining?
• What are the economics of the area is there any gentrification going on in the area where richer people are moving in and thus improving a suburb?

Doing this research and understanding suburb dynamics and how suburbs grow can help you to choose a suburb that is primed for growth and increase your chances of getting a great return on investment.

Unfortunately, this analysis is not easy to do. To help with your property search, our Home Lending Specialists able to help you get your search listings on the go and provide you with the latest information on new listings, auctions, and more.

When you’re applying for an investment property home finance, we will assess you on many factors. One factor will be what equity you currently have. The assessment will be broken down into three categories; what you earn, what you owe, and what you own.

Some of the factors we will assess you on during your home buying journey:

Once you have reached an agreement with the seller, the settlement process can begin. On settlement day, your legal and financial representatives will ordinarily meet with the seller’s representatives to transfer the ownership of the property from the seller to you (the buyer). The settlement date is set in the contract of sale, and is typically between 30-90 days.

To prepare for settlement, you’ll likely need to do the following:

1. Contact a solicitor or conveyancer to review your contract of sale before you sign it
2. Return your signed contract of sale to the seller or the seller’s agent
3. Speak to us to start your home finance application. Ensure you have all your necessary documentation
4. Speak to your solicitor or conveyancer about requesting any property searches you may want or need
5. Organise a building and pest inspection
6. Ensure you have enough funds to cover the property settlement and solicitor’s fees
7. Organise your final inspection of the property. This is usually done on the day of settlement or close to it
8. Collect your keys on settlement day and celebrate on owning new property