Purchasing your first property is an exciting milestone, but it can also feel a bit overwhelming. With the right approach, you can confidently navigate this important financial decision.
Start by taking a close look at your savings, income, and credit score. While online mortgage calculators can give you a rough idea, I strongly recommend consulting a mortgage broker for a more accurate picture.
Mortgage brokers offer their services for free and have access to a wide range of lenders. They can provide personalised solutions and often negotiate better terms and rates for you. It’s a smart move to ensure you’re getting the best deal!
Securing pre-approval from your bank shows vendors that you’re serious about buying. And here’s a tip: try to keep your budget under $600k to take advantage of free stamp duty for first-home buyers. If your budget is closer to $750,000, you’ll still benefit from discounted stamp duty.
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