Moving in together and buying your first home
Are you considering moving in together or planning your wedding and the next move is to buy your first home together?
From the day you get engaged you are planning your life together, buying your first home together is the biggest purchase you will make so you need to do it right.
Our first tip is to not rush it. Research the area you want to live in. Does the area have everything you want such as good sports teams to join, community swimming pool and parks, check out the local health facilities will they meet your needs now and when you have a family. If you rely on public transport make sure what is on offer works for you.
Next step is to work out if you can afford a home loan and to save your deposit. Generally you will need 20% of the purchase price as the deposit plus legal costs.
Next step is to work out if you can afford a home loan and to save your deposit. Generally you will need 20% of the purchase price as the deposit plus legal costs. If you don’t have the full 20% deposit there are options available with Lenders Mortgage Insurance.
Once you have decided on where you want to live and have your deposit it’s time to get a finance pre-approval so you have some bargaining power when negotiating your purchase.
Then you should contact a conveyancing firm or solicitor before you start your search. It will cost you nothing to call and ask some questions on conveyancing. Before signing any purchase contract have your conveyancing firm or solicitor look over it. We suggest you never sign a purchase contract without legal eyes looking over it to ensure you are protected.
You may be entitled to the
The Queensland First Home Owners’ Grant which has been boosted to $20,000, but only until 30 June 2017. For more details ……
If you don’t live in Queensland use this link to find out what is available in your state.
With a minute or so on the phone with us we can tell you what you can afford and answer all your questions about home loans.