Ready for Your Next Home?
Not much beats the excitement of moving into your first home - finally you are a home owner!
A few years down the track, however, it’s possible that your thoughts might turn to upgrading to a better home.
That’s not to say that there is anything wrong with your first house - but your situation may have changed.
Your family may be growing in number, you may have an eye on schools for your young ones, or you may feel that the time is approaching for a change.
Whatever your reason for developing the second-home itch, it might not always coincide with the financial circumstances needed to afford a move to a new home.
You might need to sit on your enthusiasm for a few months or years, while you build up your equity and savings.
So how do you know when you are financially ready? One of the best ways is to see a home loans expert.
A mortgage broker can help you to work out your borrowing capacity based on your income, your equity in your home, your savings and other factors.
They can help you factor in reality to your property dreams - you might be closer than you think to making them a reality!
To get more detailed information on your situation, talk to a Loan Market mortgage broker today.