Bank Valuation Lower than Purchase Price

When you buy a property, you'd assume that the value of the property is the price you paid for it. But that's not always the case - at least in the eyes of the banks.

When you're getting a mortgage for a property, the banks will do a separate valuation to make sure that the price you paid for the property is what the property is really worth. They do this because they want to know how much they'll be able to sell the property for if you default on your loan and they have to repossess your house and sell it to cover the cost of the mortgage.

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Head Office: 3 Latrobe Tce Paddington QLD 4064
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Hunter Galloway are an Award Winning Mortgage Broker based in Brisbane. We help clients from our local area, Australia, and all over the world. We believe buying a home should be stress-free and uncomplicated, and we will work for you to make your dreams become reality.

Next steps and settling your first home

Our team here at Hunter Galloway is here to help you buy a home in Brisbane. Nathan & Joshua Vecchio are Senior Mortgage brokers who specialise in making your home journey easy.

Unlike other mortgage brokers who are just one person operators, we have an entire team of experts to help make your home loan journey as simple as possible.

If you want to get started, please get in touch and we can book a time that suits you – either a phone call information session or a face to face meeting (which doesn’t cost anything for you).

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