February 14, 2017
My lovely clients, Jackson & Vanessa, bought a flat off-the-plan in 2015.
They moved in late last year and couldn't be happier. Even puss Barney has a multi-level palace on the balcony.
Jackson & Vanessa have kindly shared their story as first home buyers (and first mortgage hunters!) in this short video. I hope it will be useful to some future first home buyers.
A few tips for aspiring first home buyers
- as a guideline, establish how much you can borrow, using this calculator
- aim to have saved 20% deposit + costs, to avoid LMI (savings may also come from gifts, guarantees etc)
- keep a clean credit history
- when you're ready to go home hunting, come to me for a home loan pre-approval, so you have confidence about how much you can spend
There's a wealth of information for First Home Buyers here. An educated buyer is a canny buyer!
As ever, please don't hesitate to contact me with any questions about mortgages or any other lending.
Cheers, Marvin Ph 0431 376 008