March 2017's Property Gazette

Looking to Purchase Your First Home?

The Welcome Home Loan package is well known amongst first home buyers. But is it really that good? The problem is that it has been designed as a one-size-fits-all kind of package and as we know, that doesn’t work for everyone.

Here at Advanced Mortgage Solutions, we don’t use a cookie cutter approach with our clients. Instead we work with you to obtain the best borrowing rates and offers from multiple banks and lending institutions on your behalf.  We’ve created a free guide for first home buyers and this explains how you can buy a home with just a 10% deposit. We can also help you with alternative products to the Welcome Home Loan or help you with this loan package if it proves the best deal for you.

Who owns your Insurance?

Recently, two separate events have highlighted the importance of not just having the right insurance, but making certain the money gets to the right people when the worst happens.

In the first situation, a separated policy owner was critically injured, but his policy was still owned by his ex-partner, leading to a complicated & fractious situation as it was his ex-partner who was the recipient of the Trauma policy pay out and was the only person legally able to make the claim.

In the second case a divorced woman was also critically injured, and had recently removed her ex-husband from her policy. However, she had also gone a step further and instructed her lawyer to prepare a Power of Attorney document naming a relative as being able to act for her in the event she was incapacitated.

Unfortunately, she was badly injured in a car accident. Had she not appointed a Power of Attorney, it would have been very difficult for her to make a claim and receive a payment due to her incapacitation, which her relative was able to do for her to help financially with her long recovery process.

So – with Insurance, having it is crucial, but so is getting the right advice around ownership so that the money gets to the right hands when it’s needed.

As Autumn brings with it a slight change in the weather, we continue to look forward to helping you achieve your home ownership dreams.

 

  • It wouldn't be wrong to say that Scott is the best in town. In 2019, we initially reached out to him based on stellar Google reviews while purchasing our first home. Now, in 2024, for our new property, choosing Scott again was a no-brainer. His exceptional skills as a mortgage advisor speak for themselves; he truly excels in his field.
    Udeep Regmi - 08 April 2024
  • When we began our journey towards our first home purchase, Greg was a specialist that we decided to ask for a mortgage advice. All the info that Greg gave us was structured and almost completely understandable even for those who know absolutely nothing about buying a house. Greg was truly patient to explain us things that we struggled to figure out on our own. We really appreciate his guidance, and fairly can recommend him as a wonderful mortgage broker.
    Nadezhda Sivers - 02 April 2024
  • I recently purchased my first home and it's all thanks to Scott at Advanced Mortgage Solutions.
    Georgina Stanley - 27 March 2024
  • Been a really great working with Scott, he made the process really smooth and stress free. 100% recommend to anyone looking for mortgage advice. Great sense of humour too
    Natalie Eustace - 21 March 2024
  • Fast process, easy to understand and amazing communication from Scott!
    Krizzia Pierard - 13 March 2024

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