Embarking on the purchase of your first home is daunting, with so many things to consider:
- How much can I borrow?
- Can I afford the repayments?
- How much is this financial commitment going to impact me and my current lifestyle?
- What if I buy a ‘lemon’ and it needs thousands of dollars in repairs – money I don’t have now?
- Will the banks lend to me?
- Where is the best place to buy?
- When’s the best time to buy?
- Who’s the best lender with the best deal?
- How does the process work?
- Can I trust the real estate agent?
- How can I ensure I don’t pay too much?
- How do I understand the value of property?
- Am I eligible for any government assistance, such as the First Home Owners Grant?
- How do I negotiate with the real estate agent?
- Do I need to get a pre approval?
- What’s the best way to buy at auction?
- What’s the best type of loan structure for me?
- Can I negotiate conditions into the contract?
- What type of properties shouldn’t I buy?
- Which is the best type of title?
- What does Loan to Value Ratio (LVR) mean?
- What is genuine savings?
- Can my parents or family member help me get the loan?
- What if…….?
- What if…….?
- What if…….?
Once you announce to your family and friends that you are considering buying your first home, there is a mixture of feedback –
Mum – are you sure you can afford it honey?
Dad – let me guide you, I’ve done this twice in my life – its not hard at all
Friends – I wouldn’t do that, we are still young and that means I’ll never see you out again!
Family – Uncle Frank – don’t buy property, it’s going to go down in value – don’t you read the papers!
This mix of well wishes and ‘nay sayers’, make the process more complicated than it already is.
Your best move is to get advice from experienced professionals, who have your best interest in mind. That doesn’t include real estate agents who are trying to sell you their listed properties, or bank staff, trying to sell you one of their different loan offerings.
You need to align yourself with professionals that will offer well balanced, unbiased and detailed information to allow you to make the most informed decision possible. Empower Wealth’s Mortgage Broking Services are operated by experienced specialists in their field, with specialist lending knowledge. Furthermore, the Empower Wealth team is committed to providing affordable Educational Workshop’s, such as our free First Home Buyer information events.
Would you like to give us a try?
Then click on the FREE Finance & Wealth Review link, to learn more about this no obligation opportunity.
WANT MORE.......
First Home Buyers Information Night
Achieve your own 'Great Australian Dream'
Attend our FREE information night on how to purchase and finance your first home.
This free session is an informative and easy to follow workshop covering the following topics:
· What can you afford to buy & how much can you borrow?
· What savings or deposit will you require?
· Qualifying for the First Home Owners Grant
· Overview of Federal Government Boost, State Government Bonuses & Stamp Duty Concession
· Type of mortgage/ loan products available
· Other costs to consider when purchasing property
· Learn how to better understand the value of property
· Buying Tips
· What to look for and where to buy - The importance of the RIGHT property purchase
· Dealing with Real Estate Agents and negotiating a purchase
This FREE, no-obligation information night is packed with hints and tips from experienced property and finance advisors who have helped hundreds of people secure their first home.
It's simply a MUST ATTEND event for anyone interested in getting into the property market, whatever level of knowledge you think you have.
With rents tipped to keep increasing and housing prices slowing, there has never been more incentives on offer to turn the 'Great Australian Dream' of owning your own home into reality.
Click here for full schedule of upcoming workshops and to make a booking
