Your mortgage guides
At AXSiSS, we pride ourselves on our adaptability and commitment to excellence in every aspect of our service. Our comprehensive mortgage guides are designed to help you understand the complexities of the lending landscape, whether you're a first home buyer, an investor, self-employed, or considering reverse mortgages later in life. Explore what we have to offer and how we can contribute to your success.
Frequently asked questions about mortgages
It all began with a simple idea of-
AXSiSS - "People Helping People Prosper "
Fuelled by a deep passion for helping Australians achieve their property dreams. AXSiSS prides itself on personal attention and dedication to every detail. Our approach is rooted in quality and integrity, ensuring that everything we do reflects our commitment to excellence and providing you with the best financial solution for your individual requirements.
What is the minimum deposit I need for my first home?
The minimum deposit required for your first home can vary. Generally, lenders prefer a deposit of at least 5% of the property's purchase price, though some may require more. Keep in mind that a larger deposit can reduce your loan amount and potentially save you money on interest and Lenders Mortgage Insurance (LMI).
How much can I borrow?
The amount you can borrow depends on various factors, including your income, existing debts, living expenses, and credit history. Lenders assess your financial situation to determine your borrowing capacity, ensuring you can comfortably manage repayments. We can help you calculate an accurate estimate.
I am self-employed; how can I purchase a new home?
Being self-employed doesn't have to be a barrier to purchasing a new home. While lenders may require different documentation, such as tax returns, BAS statements, or accountant's letters, there are many loan options available for self-employed individuals. We can guide you through the process and find suitable solutions.
What income do I need to afford my next property?
The income needed to afford your next property depends on the property's price, your other financial commitments, and interest rates. Lenders will assess your net income against your expenses to ensure you can comfortably meet repayments. We can help you understand these calculations and what income level is typically required.
Are these guides for first home buyers, investors, or others?
Our guides cater to a diverse range of clients, including first home buyers looking to enter the market, investors seeking to expand their portfolios, self-employed individuals navigating specific lending requirements, and those exploring reverse mortgages later in life. We have something for everyone.
What is a reverse mortgage?
A reverse mortgage allows homeowners, typically those over 60, to access equity in their home without having to sell it. Instead of making regular repayments, the loan amount and interest are repaid when the home is eventually sold, or when you move out permanently. This can provide a valuable source of income for retirees.
Beyond the ordinary, tailored for you
This is where your journey with AXSiSS begins. Get to know our business and what we do, and how we're committed to quality and great service. After reading our guides, your next step is to contact us for a no-obligation discussion on how we can tailor a solution for your individual needs and requirements. We're glad you're here and to be a part of your life journey.