Buying a property is always a big step. But this process can be even more daunting for first home buyers. For a first home buyer, the process is new and unfamiliar. It can also be a little more complicated, by things such as the first home owners grant. There are also things like eligibility for stamp duty concessions to consider.
It’s notoriously hard to get into the Australian property market. With rising prices, saving up that all important deposit, can be hard. So it’s no wonder that many younger people get a little help from their families. Often this is in the form of a financial gift, which is used as a home loan deposit.
The prospect of buying your very first home is an exciting one. There are so many factors to think about. Of course, one of the main considerations is price. The amount you can afford will have a large bearing on your choice of property.
Today, we’d like to talk about the importance of getting an early pre approval. Often clients come to us needing urgent property finance. They may have signed a contract months, or even a year earlier. This is common with off the plan, or unregistered land purchases. People lose track of time, or think getting finance will be easy. So they leave it to the last minute.
If you ask people what they want in a home loan, a good interest rate is probably high on the list. Lenders may use a great interest rate to attract customers. This happens so often, that many people think the interest rate is the most important thing about the loan.
We provide expert advice to help you purchase your next home, or to refinance when your needs have changed. We stay up to date with dozens of lender policies. This can save you hours of hunting around, looking for the best options. Leave that to us!