First Home

Are you looking to purchase your first home?

Ready to achieve that big goal of purchasing your first home? Known to many as the great Australian dream, owning a home is a huge achievement and knowing where to start can be very overwhelming. However, Financia is here to help you purchase your first home seamlessly, without all the hassle.

So where should you start?

Do your research:

It is important to research the market and better understand what it is you are looking for in a property.

  • Which areas can you afford?
  • Is the property close to a local shopping centre?
  • Do you have access to public transport?
  • Do you wish to purchase an existing dwelling or build a new dwelling?
  • Will this be an investment property, or do you plan to live in it?

Whether it be a big block of land in the hills or a townhouse close to the city, it is important to ask yourself these questions to better understand the property you wish to buy.

Understanding your financial situation:

Having your finances organised is extremely important before purchasing a home. Therefore, it is a good idea to speak with your Mortgage and Finance Broker to better understand how much you can borrow with a lender. This will also give you a better understanding as to how much you can buy for and which properties will best suit your budget and lifestyle.

If you are actively looking to purchase a property, we recommend having a Pre-Approval in place. This gives you flexibility to bid on properties with confidence and negotiate with certainty.

So, what should you consider when it comes to your finances and purchasing your first home?

  • Fees involved
  • Government grants available to you
  • Deposit required
  • Will Lenders Mortgage Insurance (LMI) be applicable?
  • Do you have access to a guarantor?

Here at Financia, our Mortgage and Finance Brokers have sound knowledge of the industry and can provide a tailored home loan solution to suit your needs. With their high level of experience and first to know insights into new grants available and first home buyer eligibilities, your dream of purchasing a home will become a reality.

If you are ready to take the next step, please feel free to reach out to us today on (08) 7070 2755!

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

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