From tenant to home owner
“If you don't own a house now then forget it!” Well, if you believe what you read in the paper then that’s you’d think. I'm not going to sugar coat this, it may not be easy, but what worth having comes easy.
I love the ocean and beach and at the ripe old age of 50 decided to I’d love to learn to surf. Seriously it was hard, I had to get fitter, be patient, had lessons, experiment with equipment and just keep at it. Now I love the sport and go out catching a wave most weekends, but it was hard at first.
The biggest hurdle can be closing the gap between the known and unknown. Here’s 20 questions you should address, and that’s just off the top of my head. There are plenty more that will come up in the process.
How to go about the process of buying and finance?
What do I need to know?
What is Credit rating? And how does it effect me borrowing?
Who should I be dealing with?
How much deposit do I need?
How much can I borrow?
How much can I afford as repayments?
What loan amount equates to affordable loan repayments service?
What other expenses involved in buying a property?
What conditions do the lenders require me to meet?
My family would like to help, what can the do?
What about buying with my friend or sibling?
Can I get the first home buyers grant and how much is it?
How can I save on stamp duty?
Should I use fixed or variable rate home loans?
What are the loan features I should have?
Will it be easier to use my current bank?
What about insurances?
What is Lenders Mortgage Insurance (LMI)?
How much does LMI cost?
If you’re willing then come on board and we will guide you on the journey to picking up the key to your first home!
Reach out, I'd love to help you answer your questions and get you on the right track to owning your first home.