Buying your First Home.

 

 

Do your research

The more time you spend researching your perfect property, the fewer headaches you’re likely to have later down the track. Consider issues such as:

• Own or rent: Are you buying a home for your family or to rent out? If you’re considering renting, think about what your target renters are looking for. Check out sites like Realestate.com.au and Domain.com.au to see what’s available.
• Location: Is the house you plan to buy near amenities like schools and shops? How much do properties cost in your chosen location?
• Deposit: You’ll need a deposit of at least 20% if you want to avoid Lenders Mortgage Insurance, so it’s good to consider a savings strategy.
• Other costs: Buying a house involves other expenses such as legal fees, removal costs, stamp duty and loan application fees. If you’re a first-time buyer you may be entitled to a Government Grant.
• Budget: Working out your home loan finances can be complicated and it’s important to understand what effect your repayments will have on your household budget. Using a repayment calculator makes life easier.

 

Compare home loans

So you’ve found the house, you’ve decided your budget – now comes the tricky part. Which home loan gives you the best rates and suits your lifestyle? It’s easy to get lost in home loan jargon such as fixed rates, variable rates, redraw and offset.

 

That’s why we’re here. Call us today on 1300 MYMORTGAGE (1300 696 678). We're here to advise and help. Read our testimonials which includes some of our First Home Buyers.
 

Apply for a loan

Applying for a home loan doesn’t have to be stressful; in fact, our process is super simple and straightforward. Whether you’re after pre-approval or formal approval, we’re here to help. You can enquire online, by phone or you can make an appointment with a credit representative to visit you.

 

You’ll need to provide details of your income, expenses, assets, other loans and credit cards. We'll make it simple.