Answers to all your questions!
Frequently Asked Questions when buying a house with No1 Property Guide
Why choose No1 Property Guide?
Darren’s already helped thousands of renters become homeowners, and then helped them build property portfolios worth millions. Read our amazing 5 star reviews on Facebook and Google to see what our happy clients have to say for yourself.
How much income do I need?
We don’t pre-judge anyone. Income vs debt + rental income from the potential investment property will end up determining what you can and can’t do.
Will I pay higher interest rate because I have no deposit?
Not at all, our interest rates are very competitive. Our mortgage managers offer rates between 3.6 and 4.5% depending on lender and your current position.
What does 'turnkey' mean?
Buying a property which is turnkey means that once the build is finished you can simply ‘turn the key’ and move straight in with nothing more to do.
What if I’m not a first home buyer?
We have a range of options for clients who have owned a home before, your first step is knowing how much you can borrow.
What if my preferred location isn't available in your list?
You can fill out our ‘preferred location’ form here and give us your preferences. We are generally able to build your home anywhere that there is land available.
Is this a scam?
Would you get a house at the end if this were a scam? People often ask this question as what we can do for our clients can seem too good to be true. But with more than 20 years industry experience, we pride ourselves on providing solutions when you didn’t think it was possible. You can read our Facebook and Google reviews to see for yourself.
Why not just get a home loan from a bank?
I’m sure you have already tried several times. We’ve helped many clients who were turned away by their banks. Our no and low deposit options with multiple lending policies are perfect if you are looking for personalised service and expertise without the stress and hassle.
What is a completed build?
A completed build is 100% turnkey ready, meaning you can buy and move in with as little as 21 days’ notice. No stress and nothing to worry about except packing!
What is unconditional approval?
Once you have satisfied all conditions, then the lender issues your loan without conditions.This means you are 100% approved.
Can I build in an estate or location of my choice?
Yes. You can let us know here of your preferred location. We are generally able to build your home anywhere that there is land available and is an area that our builders service. If they don’t, we will look to acquire 3-4 other interested buyers and then expand to this area.
What education do you provide?
We understand that most people need to feel comfortable in what they are signing up for. Therefore, we remain 100% transparent and pride ourselves on the education we provide to our clients.
Will this affect my credit?
No. Our pre-qualification process is not a credit check. Even if you are unable to move forward with us at this time you will not receive a negative mark against your credit rating. We will simply offer some suggestions on how to improve your financial situation so we can help you again soon.
What is debt consolidation?
Our finance team will assess and look to consolidate all your current loans and debts into one new loan. This normally reduces your monthly repayments by hundreds of dollars. In most cases, consolidating all loans and debts has increased our clients borrowing capacity, which has allowed them to enter the property market.
How does this system work?
Our system educates our clients every step of the way. The first step is sending your basic details to receive our informational email.
What is borrowing capacity/power?
This is simply the amount you can borrow up to buy your new home. This will be subject to final approval.
What is the first step?
Getting started with us is simple and very easy. We assess your financial situation and calculate your borrowing capacity. We then go through all of your factual new home options so you can make an informed decision. Get pre-qualified now.
What are house and land packages?
A simplified and streamlined process where you can secure and purchase your preferred block of land AND the construction of your new home. It includes the design, layout, and build of your home.
Do you really help anyone?
Our assessment process is quick and easy but very precise. This allows us to advise you of your new home options, investment options, or financial restructuring options without wasting your time. If you do not qualify today, we can provide suggestion for you to improve your financial situation for the future.
Where do you build?
Currently we can build anywhere in South East Queensland, areas of New South Wales and Victoria.
Why should I use No1 instead of a bank?
Banks generally only provide the old-fashioned mortgage model of 20% deposit and normally only one Banking Policy… we know this can feel impossible for so many renters. If you have no or low deposit, we have new home options for you.
What grants are available?
If you are a first home buyer, we can apply for the First Home Owners Grant/Great Start Grant on your behalf as well as home builders grant. If you’ve owned before, we can still help you with the home builder’s grant and Darren’s deposit boost..
Do you charge fees?
No, there’s nothing upfront to pay as we offer house and new home. It includes the design, layout, and build of your home.
What is a facade?
A façade is the street-facing exterior of your home. We have many modern and more traditional style façades to choose from, giving you the chance to truly make your home unique.
What is conditional approval?
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What if I can’t get pre-qualified?
We are normally able to provide options to clients who have tried numerous other avenues without success. But even if we are unable to provide you with any new home options right now, we won’t turn you away with nothing. We will educate and guide you to ensure your success in the future.
Can you help me with investment options?
Yes. At No1 we have in-house finance experts who are able to provide you with specialist advice and investment options which will secure your future and ensure your family will always be provided for. Access our Investment Options page here.
What does No1 get out of this?
The opportunity to help motivated individuals and families achieve their financial goals. We are driven to educate, serve and inspire – your home ownership dream can become a reality much sooner than you think.
Where are you located?
Our headquarters is in Broadbeach on the Gold Coast, but you don’t need to be local to use our services.
Is there a “good” or “bad” time to buy a new home?
While the property market will always experience fluctuations, we’re about providing you with affordable options which provide you with security and freedom. For most of our clients, it’s not about when they should get in, it’s about how can they get in.
How hard is your basic assessment?
Darren’s basic assessment is easy but very precise, this allows Darren’s team to advise all your factual options.
How do I know this system will work for me?
The best way to know for sure whether an investment property through an SMSF is right for you is the speak to a professional. We simply show you what options are available for you. Whether it’s right or not comes down to your investment goals, risk threshold, and more.
How much does it cost to see if I qualify?
Absolutely nothing!
Why use Super to invest in property?
Using your super to invest in property allows you to utilise the banks along with your super to purchase property that you would otherwise not be able to invest in.
Can I use Superannuation to buy property?
In general it is possible to use super to invest in property. The first step is understanding what you can and can’t do, as purchasing property with your super may not be right for you.
Can I buy a house with No or Low deposit in Queensland?
Absolutely! Buying a house with no or low deposit has made life easier for thousands of first home buyers in South East Queensland. We offer our low deposit house and land packages Gold Coast and in surrounding areas. Also, we offer No Deposit Home Loans in other areas of Australia such as Victoria and New South Wales
Do you have reviews from previous clients?
Yes, we are proud to be a 5 Star new home Company. We have reviews both on Facebook and Google. We urge you to check through them as part of your own research. Unlike some companies, all our reviews are genuine.
What if we have a deposit?
Great! If you have a deposit already, even just a few thousand dollars, it can make the process quicker and more affordable for you! Every dollar you can put towards your new home upfront means less interest you will pay over time.
Do we pay higher interest rates because we have no deposit?
Not at all! Our interest rates are competitive with all the major lenders. Our finance team will work hard to ensure you get the best interest rate possible.
What does borrowing capacity mean?
This is the amount you can borrow/or spend on your new home, subject to final approval.
Why refinance with No1 Property Guide?
No1 Property Guide has been helping renters and homeowners achieve their property dreams for almost 10 years. With hundreds of 5 star reviews across Facebook and Google you can see for yourself why we are the best choice to help you refinance your mortgage.
Why should I refinance my home loan?
There are plenty of reasons you might want to refinance your home loan. A better interest rate, reducing the loan term, consolidating debts, cashing out to invest in another property, and plenty more! Your first step is knowing what you can and can’t do.
How do I refinance my home loan?
Refinancing your home loan is easy with No1 Property Guide. First, we need some basic details. From there our specialists will contact you to discuss your refinance options.
Can I refinance to consolidate debt?
Absolutely. We can help you consolidate your debts into a single repayment, potentially saving you hundreds on debt repayments each month.
Have more questions?
We’re here to help. You can reach our team directly by calling 0455 037 370, emailing hello@no1propertyguide.com.au, or filling out our contact form to request a callback or more information. We’ll get back to you as soon as possible.
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