Phoebe Blamey
speaker
357 appearances
1 recordings
1 series
first heard Apr 2022
last heard Apr 2022
Phoebe Blamey’s voice in public audio — every appearance, attributed to the second.
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Appearances
Assume in most states about 3% of the purchase price.
In Victoria, it's about 5%.
Yeah.
So many different numbers running around my hand.
This is definitely part of the home loan application process.
Okay.
So what we do when you come and see us is we say, okay, where are you buying?
What are you buying?
This is how much it's going to cost you.
So land in, I've got a client doing a house and land in South Australia.
So land cost plus stamp duty plus cost to build minus whatever deposit they have.
They're using the first time lenders deposit scheme.
And they're in the defence force, so they get an extra boost on that.
And they're also getting their first homeowner's grant.
So we've organised that whole thing for them to make sure that they've got sufficient funds to complete the purchase.
And that's our job.
And more and more, when I first started in mortgage broking, the conveyancers did a lot of the heavy lifting around making sure that the clients had enough money and stuff like that.
That's all out the window now.
It's all up to the mortgage broker because we've got to get it right because otherwise they get to settlement and they're $1,000, $1,500 short because we've forgotten about a fee or a charge or something like that.
It's really hard because most first home buyers are putting every cent that they've got into the purchase price to reduce mortgage insurance to, you know, because they've only got 5% or 10% or whatever.
Showing 301–320 of 357 · page 16 of 18
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