Tong Partners is able to obtain loans up to 97% of the property value for first home buyers. Mortgage insurance can also be included into the loan amount. If you provide a guarantor to purchase an owner-occupied property, we can arrange finance for up to 100% of the property value.
In most circumstances, first home buyers who require in excess of 80% of the property value, are required by lenders to provide evidence of genuine regular savings. If you are unable to provide a savings history, Tong Partners can provide alternatives by negotiating with lenders on your behalf.
First home buyers are eligible to receive a grant (subject to certain conditions) from the government, called First Home Owner Grant (FHOG). Tong Partners is able to assist in applying the grant on your behalf.
If you are looking to purchase land to build a new home on, or looking to extend or renovate an existing home, we can access a land & construction loan to suit you. This type of finance allows you to pay your builder with progress payments at each stage of construction. With this type of loan, interest payments are minimised.
If you are wishing to purchase a new property but have not yet sold your existing property, or you have sold your property but it is not yet settled, we can provide bridging finance for your deposit on a new property. Tong Partners is expertise in providing the right bridging loan to suit your personal needs and budget. These loans can be exempt from monthly payments for set periods of time, thus providing you with more time to sell and settle your existing home sale.
ABN 13 114 754 586 Australian Credit Licence 387 306