Case study: How maximising his buying power helped Aaron upgrade his home

When Aaron sold his Glen Iris apartment in late 2018, he sought an upgrade to a standalone house in a more family-oriented area.

His original plan was to have bought a new home by early 2019.

However, his dream of a stress-free house hunt wasn?t going to plan.

“We made a couple of direct and indirect enquiries to the lenders to test the market but due to property market conditions in early 2019, we couldn?t find any attractive options,” he said.

After waiting a few months for the market to show signs that it was improving, the hunt was back on, but this time it would be with the help of some trusted advisors. Aaron turned to his solicitor to recommend a trustworthy broker and that was how he connected with Emmanuel and Loanscope.

While impressed with Emmanuel’s knowledge of the latest market trends, the sealer for Aaron to work with Loanscope was his transparency.

“Emmanuel?s transparency, honesty and taking extremely measured steps before lodging any finance application was the driver for us to continue with Loanscope with our applications”.

Aaron was looking for an owner?s occupied low rate home loan that had the perfect balance between paid Lenders Mortgage Insurance and a deposit.

Along with finding a home loan that suited his needs – and was a simple process as well – Loanscope?s connections provided added even more value and less stress to the house search.

Emmanuel introduced Aaron to an experienced real estate agent who advised him on the specific area he was looking to buy into.

“I got a better understanding of the market trends and this meant I had set the correct expectations for myself,” Aaron said.

Aaron’s house hunt was not completely free of challenges. The market picked up – so there were less available homes in his budget.
With the guidance of Loanscope Aaron was able to maximise his budget to match the price increases.

“Loanscope assisted us to increase our budget by helping us secure a higher pre-approved budget so we could continue our search for the right property with peace of mind.?

Eventually, Aaron found the perfect home in Lower Templestowe. With the pre-approval already taken care of, the final approval was a formality.

He knew he was maximising his buying power without having to do all the hard work himself. And this simple fact made working with a professional finance broker more than worth it.

“(Working with a broker) has genuine advantages over dealing with the banks directly,? Aaron said.

?A caring broker like Emmanuel can maximise your borrowing capacity and guide you throughout the process to be as smooth as possible.?

Do you want to learn how to maximise your buyer power to achieve your next dream home?

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