Buying a home can be an expensive process, so it’s important to take all potential costs into consideration before you settle on a property. Being aware of hurdles like bond transfer costs will make your chances of success in buying a home far higher.
The bond transfer cost particularly needs to be taken into consideration when taking up a new home loan. Use our transfer/bond calculator to see what financial impact these costs will have when you’re approved for a new home loan.
Before the transfer of property can take place there are amounts payable to cover administration and registration of the home loan. A BetterBond consultant will calculate your bond transfer costs, get you pre-qualified for a home loan or help you to get the best home loan deal.
This online bond and transfer cost calculator allows you to determine the costs associated with the purchase of property and those costs related to the registration of the home loan. These bond and transfer costs are often overlooked when purchasing a property and should be taken into account when assessing your affordability.
Having the property transferred to you from the current owner involves transfer fees that need to be paid. This fee will be paid to the conveyance attorney.
These include, among others: conveyance fees, deeds office registration fees, FICA, post and petty charges, and initiation fees.