The First Home buyer Advantage
Buying a home for the first time has its drawbacks - entering the world of home loans, complicated documents and mortgage payments can be a little intimidating at first.
However, being a first time buyer has a few perks that may help you out in the long run. The First Home Buyers Grant implemented by the government for example, can save you $7,000 on your purchase.
There are other grants available in different states as well, presenting a great opportunity for the astute buyer!
A meeting with a mortgage broker can also help you to discern between all of the different home loan products and lenders out there, many that were not available just a few years ago.
As a first time buyer, you are likely heading into a mortgage agreement fresh and with little outside debt. This provides you an opportunity to set up a detailed budget that can save you thousands over the long term.
A targeted repayment strategy may also help you to get to a state of debt-free home ownership sooner.
To get more detailed information on your situation, talk to a Loan Market mortgage broker today.