If you’re not sure where to start, that’s ok – that’s what we’re here for. We’ve outlined the general process that you can expect to go through when you’re buying your first home. And remember, at Aussie we’re here to help and are only ever a phone call away.
How much can you borrow?
Working out how much you can afford to spend on your new home in an important step when you’re searching for property – after all, knowing your budget means you can focus on the properties that you can afford and not waste time on those that are out of reach.
The extra costs when buying a property
When you buy a new home there are more costs than just the price of the property. Some of the costs you might come across include stamp duty, pest and building inspections, legal fees, borrowing costs, insurance plus post-purchase costs such as moving fees, council rates or strata fees. On top of this there are also any potential renovations or furniture purchases you might need.
The First Home Owners Grant
If you're struggling to get together the money to get a foot in the door of your first home, there are a number of first home owner grants available across the country. Check out what’s on offer in your state and to see if you’re eligible.
Choosing the right type of loan
There are several types of loans that you can choose from, with pros and cons for each. Become familiar with these to choose the right one for you.
Understanding loan features
Will the money-saving features really save you money? Will the convenient features save you time? The features of a loan can vary, and you need to make sure they’re right for your needs. Be sure to understand what’s involved by getting personalised home loan advice from a mortgage broker.
Find your property
Let the fun begin! This is where you get to imagine your life in your new home. Remembering your pre-approval limit can help guide this step.
Steps to buy your property
From reviewing contracts, getting valuations through to settlement – this is when the home hunting journey ends and your new life begins.
It’s never too early to start chatting with a broker! Contact us today.
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- Chapter One : Getting started
- Chapter Two : Your Dream Home
- Chapter Three : Money Matters
- Chapter Four : Ways to Purchase
- Chapter Five : Understanding Interest Rates
- Chapter Six : Understanding Home Loans
- Chapter Seven : Lending Sources
- Chapter Eight : Getting Your loan
- Chapter Nine : Choosing a Home
- Chapter Ten : Steps to Settlement