Property is always a hot topic in Australia, with newspapers and news sites featuring articles about real estate almost daily. This is great for first home buyers, as it makes it easier to know what it takes to purchase your first property.
Below are a few key pieces of advice to help you get on your way to buying your first home.
Don’t be blindsided
The most common thing we see with first home buyers is unexpected and overlooked expenses. Make sure you add in the cost of extra fees to your budget. Extra fee’s may include strata fees, stamp duty, pest and land inspections, legal fees and hidden loan fees.
Budgeting won’t stop after you’ve purchased your first home. Remember that on top of the repayments, when you buy a home you will also have ongoing costs like land and water rates, home and contents insurance, renovations, furniture, and repairs to put in your budget.
Don’t hurt your future
Many first home buyers find the process of buying a home stressful and often turn to bigger lenders for a loan, however it’s not always the most suitable option.
Get help from those in the know
Our team will guide you through the steps of choosing the right home loan, from applying and getting approved, to settling the loan and owning your first home. With access to over 40 lenders, we can help find you the ideal loan for your situation.
If you have any questions about finding the right home loan or getting approved, contact us today on 0422 210 122 or fill out our enquiry form.