Once you’ve worked out how much you can afford to borrow and repay, saved your deposit, factored in all the costs involved, and investigated the home loan that’s right for you, now comes the fun part – buying your home! We investigate the steps involved in this page and on our downloadable guide below.

Step-by-step guide to home ownership
There are many steps involved in purchasing a property which can vary between residential and investment properties. This guide explains each step in order as well as what is involved at every stage of the purchasing process.
Once you and your Mortgage Choice broker have chosen a home loan that’s right for you, it’s time to submit an application. The process varies between lenders, but we’ve provided a general order of events below.

Latest home loan interest rates
Find out how much you can borrow and the costs involved with our free quick quote!
You've done your homework, you’ve saved and saved, now comes the exciting part ... searching for your first home!
Choosing your property: what to consider
Mortgage Choice broker tip: Make a features list
Draw up a list of features that you would like your first home to have ... balcony, air conditioning, built-in-robes, car park, view and so on. Take it with you to home inspections to note the features each property offers. Use this as a scorecard to compare between homes.
Watch our Pandemic property update video series to understand the market trends during COVID-19
Your local Mortgage Choice expert
Making an offer for ‘the’ property is nerve-wracking stuff, but it pays to play it cool.
Our tips to securing your ideal home at your ideal price!
Do I need home loan pre-approval?
While it's not compulsory, pre-approval can allow you to further understand your borrowing power and helps determine what properties are in your price range.
Our video explains the benefits of pre-approval to help you decide if it's right for you.
Get your pre approval process started by speaking to your broker or with our free home loan quick quote.
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Step-by-step guide to home ownership
There are many steps involved in purchasing a property which can vary between residential and investment properties. This guide explains each step in order as well as what is involved at every stage of the purchasing process.