Buying a place?
One of the most common mistakes I see in the industry, is when buyers have not fully realised the borrowing requirements they need to meet to be accepted for a loan.
Whether you are looking for your First Home, your Next Home or an Investment Property, there are some important questions any buyer should be asking.
- Is buying property a financially viable option for me right now?
- How do I want to structure my loan for maximum benefit?
- Is the value of the property I am looking at worth that much?
- What do I have to do first to make my application more attractive to a lender? (cut down credit card limits? Pay down personal finance?)
- Have I taken LMI, Stamp Duty and Application Fees into account?
- What features do I want in a loan?
- Should I have pre-approval before making an offer?
- How much can I afford to borrow!
And most importantly… What am I trying to achieve?
So, you can have a search on the net, take a browse around our site and even download a couple of our free reports. You can even give Mortgage Matters a call for any tips on your current situation. Whichever way you do it – after arming yourself with an arsenal of info, you will hopefully be better equipped to make an informed decision… and more likely – the right one.
Regardless, it’s certainly an exciting time for you – so good luck!
