5 Tips
for Purchasing Your First Home

Knowledge is power! So, when buying your first home it is essential that you have a basic knowledge of what to do, so that you can confidently sign on the dotted line!

Loan Monsters Tips for Purchasing Your First Home

Step 1: Can you afford the loan amount?

One of the First things you should plan for is if the Loan you are going for is something that you will be able to comfortably make payments on. Make sure that before you apply, you create a budget which includes all income received and outgoings. This will give you an idea of any surplus money you have and if you can afford the loan.

It’s also good to be  aware of grants and incentives offered by the government that may assist with the purchase of your first home. A good mortgage broker should be aware of all the latest goverment grants and subsidies available and more.

Step 2: Research the area you want to buy a Home in!

Make sure you do  your homework! Make time to search online for properties and compare recent sales that have occurred in the area you are interested purchasing in. This will give you an idea of how much of a loan you will need, and give you potential bargaining power during the sale.

Step 3: and When you’ve done that research- Research some more!

There is an abundance of literature and resources that can support you when purchasing your first home. To avoid confusion throughout the process, it is best to have researched the process, and ensure you understand the common terminology used by the industry. If you have questions, your mortgage broker at Loan Monster can assist. Having a good grasp on these things can avoid problems down the track.

GET STARTED WITH
LOAN MONSTER

Are you looking to refinance? Want to buy your very first home? Need an investment property loan? We can take care of it all for you at Loan Monster. Get in touch with our team and let’s get started today.

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Step 4: Get Your Dream Home Inspected

Once you have found your home, things can be very exciting and if you aren’t thinking straight, problems can occur. It is important that at this stage you have the home inspected by a qualified inspector. He/ she will tell you if there are problems with the home such as structural damage or pests. It’s a small cost for peace of mind.

Step 5: Make sure to chat with a mortgage broker

If you haven’t spoken with a mortgage broker from Loan Monster, then now is the time to do so. He/ She has the experience to assist you all the way through the home loan process and beyond settlement.

A mortgage broker in Perth can answer questions such as :

  • How much do I need?
  • Can my parents go guarantor?
  • How much can I borrow?

Call Perth Mortgage Brokers Loan Monster today on (08) 93364489 or enquire at loan-monster.com.au now.

* The information contained in this website should not be taken as constituting personal advice. We recommend that you seek professional assistance before acting upon any information provided or linked on this web site.

GET STARTED WITH
LOAN MONSTER

Are you looking to refinance? Want to buy your very first home? Need an investment property loan? We can take care of it all for you at Loan Monster. Get in touch with our team and let’s get started today.

Get started today