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What are the costs involved when buying a home ?

July 17, 2014 in Insider Tips, Latest News by admin  |  Comments Off on What are the costs involved when buying a home ?

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Home buyers know they need to save 5% deposit but do you know what “OTHER” costs are incurred when purchasing a Home / Unit / Duplex / Townhouse ?

STATE GOVERNMENT DUTIES:
Stamp Duty (exemptions may apply)
Title Transfer Fee
Mortgage Registration
+
LOCAL GOVERNMENT CHARGES:
Property Rates + Water
+
OTHER:
House Insurance / Body Corporate Levies
Solicitor / Conveyancing Fee
Property Searches
Pest & Building Inspection
Change Locks
+
BANK / LENDER:
Home Loan Fees
Lenders Mortgage Insurance (Applicable if your deposit is less than 20% of the purchase price – Note: Banks may allow LMI costs to be added on top of your Home Loan)

Want to calculate how much you may have to pay ???

Click on “Contact Us” or telephone DPF Mortgage Specialists ph: 0755274744

Posted in Insider Tips, Latest News.