June 01, 2016
We used to talk about home ownership as the ‘great Australian dream’. Is it still an achievable goal? Tim Kerin, home loan expert in Kingsley, believes so, and here he explains how you can make your property dreams a reality. Call Tim and the Team at Mortgage Choice in Kingsley on 08 9309 4780 to achieve your home ownership goal or read on to learn more.
No matter whether you are a first home buyer or taking your next step on the property ladder, it’s likely you have a particular ‘dream home’ in mind.
For first home buyers in particular, high property prices can be the key stumbling block preventing that dream becoming a reality. But there are a number of ways to get into your first home even when property values seem stacked against you.
Now is the ideal time for a home loan in Kingsley
To set the scene, no matter whether you are a first home buyer or upgrader, the current environment offers excellent opportunities to get into, or take the next step in, Perth’s property market.
Interest rates are at record lows, and Perth property values have cooled over the last 12 months. Upgraders may see this as a drawback but the reality of lower property values is that it’s now a lot more affordable to upgrade to a better quality home or a more desirable suburb.
Add in a highly competitive Kingsley home loan market and it’s easy to see why now is such a good time to upgrade to the home you have always dreamt of.
Strategies for first home buyers in Kingsley
Back to first home buyers. There are several strategies available that can help first timers achieve their dream of home ownership even if you don’t have a significant cash deposit. Bear in mind, some lenders will accept deposits as low as 5% of your home’s value. You will need to have funds to meet other costs such as stamp duty, and having a loan above 80% of the property value will mean paying lenders mortgage insurance. But it’s a way into the market. Call us on 08 9309 4780 to discuss the minimum deposit you need for a home loan.
Alternatively, as a first home buyer, if you have a parent or other family member willing to act as a guarantor for your loan, you may be able to avoid lenders mortgage insurance altogether and get into a home of your own sooner.
Make your dreams come true
The bottom line is that as Kingsley home loan experts, part of our role is to help you achieve your dreams. So let’s make it happen.
Call Tim Kerin and the Team at Mortgage Choice in Kingsley on 08 9309 4780 for expert help with your home loan in Kingsley and across Woodvale, Duncraig and Wanneroo. The sooner you call, the sooner you can be on your way to achieving your personal goals.