I'LL BE WITH YOU
EVERY STEP OF
YOUR HOME LOAN
When it comes to finding the right home loan – I will endeavour to make it easier.
To start your journey today - Please give me a call 0430 359 299
TESTIMONIALS
What others are saying
STILL NOT SURE?
Frequently Asked Questions
I understand that this will be first but nor will it be the last
Question 1: How much can I borrow?
Based on income, debts, expenses, and lender policy—not just your salary.
Question 2: How much deposit I need?
Not always 20%. Many buy with 5–10%, especially using schemes like the First Home Guarantee Scheme.
Question 3: What are the upfront costs?
Stamp duty, legal fees, inspections, loan costs—these can add up fast.
Question 4: Can I buy with a low deposit and avoid LMI?
Yes, via guarantor loans or government schemes—but each has trade-offs.
Question 5: What is Lenders Mortgage Insurance ( LMI )
A one-off cost if your deposit is under 20%. It protects the lender, not you.
Question 6: How much do i actually need in savings?
Deposit + costs + buffer. Many underestimate the buffer part.
Question 7: What credit score do I need?
There’s no single number, but clean repayment history matters more than the score itself.
Question 8: Do I need a pre-approval before house hunting?
Yes—without it, you’re guessing your budget and risking missed opportunities.
Question 9: How long does pre-approval lasts?
Usually 3–6 months, depending on the lender.
Question 10: What incentives or grants can I get?
Depends on your situation and location. In Queensland, first-home buyers may access grants and stamp duty concessions.
Question 11: Should i buy new or existing property?
New builds may unlock grants; established homes often offer better locations and value.
Question 12: How much are repayments likely to be?
Depends on loan size, rate, and term—but always stress-test for higher interest rates.
Question 13: What happens if the rates go up?
Your repayments increase. That’s why lenders assess with a buffer—but you should too.
Question 14: How long does the buying or refinancing process take?
Typically 30–90 days from offer to settlement, but prep (saving + approval) takes longer.
Question 15: Should i buy now or wait?
Trying to time the market rarely works. The better question is: Are you financially ready?
Does this sound familiar?
Towards or away from motivator
Towards or away from motivator
Towards or away from motivator
Don't worry, we can help!
WHEN IT COMES TO THE PROPERTY MARKET, I AM HERE TO HELP!
Property Reports Whether you’re buying, selling or just want to know more about the property you’re in, I can help you find the information you need to make your next property decision.
Using the latest property market information from RP Data Professional we can put together a free detailed property report, customised for you.
REPORTS
Reports by state, suburb, postcode or address
DETAILED INFORMATION
Get detailed information on current properties on the market
FIND HOW MUCH
Find out how much a property may be worth based on comparative sales and previous auction results
Feature & Benefit
Get to know the area with median sale prices and demographic profiles
GET TO KNOW AREA
Get to know the area with median sale prices and demographic profiles
Feature & Benefit
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About us
Hi, I'm Derek Chan
When it comes to finding the right home loan - I will endeavour to make it easier. I believe that successful banking is all about relationships. That’s why I’ll be there to support you through your home loan process. From completing your application right down to purchase and settlement,
STEP 1 Work out your budget Every home buying journey begins with a clear budget in mind. Let us assist with these common questions.
How much can I borrow and afford?
Should I get a conditional approval?
How much deposit do I need?
What are the other costs to buying a home?
STEP 2 Search for your first home.
It’s time to hit the pavement and attend property inspections. It’s important to do your research on house prices while hunting for that perfect property.
STEP 3 Choose your first home loan with Vast Choices and options.
Choosing the right first home loan is just as important as finding the right first home for you. Whether you have a clear idea on the home loan you want or you would like to speak to an expert on your options, we will help you find the right home loan for your individual circumstance.
STEP 4 Purchase your first home.
Once you’ve found your first home and have reached an agreement with the seller, the settlement process begins. We can talk you through the likely next steps to prepare for settlement, which will include the following:
Contact a solicitor or conveyancer to review your contract of sale
Return your signed contract of sale to the seller
Organise a building and pest inspection
Ensure you have enough funds to cover the property settlement and solicitors fees.
Organizing banks to complete formal settlement
