First home buyer
There is much to consider and plenty to research as a First Home Buyer. First, you need to work out how much you can borrow. This is where our services will really help you. Make sure you have an accurate and detailed budget that takes into account all expenses associated with purchasing a property including stamp duty, council rates and other fees. We can help you identify these extra costs. Use our budget planner to get a realistic picture of where your money goes now. Use our loan calculator to estimate your repayments. Many first home owners forget to budget for things they haven’t been used to paying for themselves like electricity, water and other utilities and for items such as insurances. Budget for maintenance and even simple things like stocking up the fridge and pantry for the first time – many of the things we take for granted when living at home. Ensure you go to many open inspections and do your research on the internet before purchasing to ensure you have a good indication on property prices in your desired location. If you find that you cannot afford to buy your dream home in your desired location consider adjacent suburbs that may be more affordable.
Consider Options Suited To Your Requirements:
- Think about the different loan options, and how they relate to you and your spending habits. This includes considering options that would reduce the loan faster, avoiding the expensive costs of long term debt.
- If you’re in trouble, ask for help. We understand how, during the term of your loan, some circumstances are out of your hands, which affect your ability to repay your loan. We can negotiate with your lender on your behalf, to ensure that your best interests are taken into account.
- Be careful who you listen to. Your friends and family will offer you advice, but don’t just take their word for it! Make sure their advice is backed with evidence, and don’t hesitate to share their feedback with us.
- Get excited. Owning your own home is one of the most exciting and gratifying experiences you will have in your life!