First Home Buyers Entering the Property Market

For many home buyers, buying property is as much an emotional decision as it is financial.

A golden rule for home buyers is finding out early exactly what you can afford to borrow and being realistic about your budget. At Loan Market we have a number of free home loan calculator tools to help you compare home loans, fees and charges. And, just because you are a first home buyer it doesn’t mean you don’t have access to the same kinds of home loans as other borrowers.

Using a free online mortgage calculator tool will help you assess your borrowing power and help you manage and control your budget. When you book your free home loan assessment with me I will explain the home loan process to you, especially the interest rate – the interest rate on your home loan is only one part of the overall pricing you should be looking at when you take out a home loan.

3 tips for first home buyers:

1- Before you commence house hunting, I will help you work out your budget and how much you can afford to spend. This will ensure you look for a property in an area where you can realistically afford to buy.
2- After working out your budget and financial commitments I will work through your financial goals and help you calculate your maximum borrowing power.
3- Calculating your maximum borrowing power is important, however you also need to enjoy your life. Don’t stretch your finances so thin that you become stressed about your mortgage.

Ultimately, as a first home buyer you need to be confident that you are making a good decision about your financial future, as well as your new home. Talking to me today for a free comprehensive home loan assessment will give you the confidence you need to buy your first home.

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