Your Guide To Buying Your First Home
Buying your first home is exciting, but it can also be a daunting and stressful process. It’s common for first home buyers to feel overwhelmed with emotion and a little out of their depth.
Here are our best tips and tricks to help you navigate the complicated world of securing a mortgage and buying your first property.
Our First Home Buyer’s Guide
Buying your first home can be incredibly confusing, and first home buyers are often faced with an overload of information. Yet, at the same time, buyers also need to move quickly in order to secure the right property, especially if they’re buying property in a competitive market like Sydney or Melbourne.
We created this first home buyer’s guide to help first home buyers who are just getting started to navigate the process. Read on to discover everything you need to know when starting out on your property journey.
Decide On Your Property Strategy
We know your journey is just getting started because we’ve been in your shoes. We also know that potentially you could outgrow this property. Therefore, you’re faced with a couple of options, should you sell or convert into an investment property? We can discuss these options with you and take a longer-term approach when it comes to how to set up your loan.
Understand Your Options
The big questions you want answered are – what is my borrowing capacity; what deposit do I need; how much can I buy for and what will my repayments be? We’ll help to answer all these questions and more, giving you a wide range of options.
Get Help Early
When buying your first home, it’s never too early to get organised and be prepared. Even if you’re not ready to buy your first home just yet, it helps to engage a mortgage broker early in the process so that you can have your finances in order and understand your potential borrowing capacity. In some cases, you can even find out ways of making small changes which can maximise your borrowing capacity. Enlisting the help of an Atelier Wealth mortgage broker does not cost you anything, but can make a huge difference when it comes time to buy.
Find An Experienced Mortgage Broker
It’s crucial to find an experienced mortgage broker who has a strong track record of helping many Australians with buying their first home. Our brokers can help first home buyers navigate through the journey while providing them with additional information and catering to their unique situation. We understand that every client faces their own challenges and has a unique plan in mind. We help work through your questions one by one and take the lead when it comes to getting your loan approved.