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Your Local Mortgage Broker in Sale, Gippsland

First Home: Your Guide to a Smooth Purchase

Planning to buy your first house? We can help!

Buying your first home is an exciting yet nerve-wracking experience. It’s a significant decision that requires careful planning, budgeting, and extensive research. To help you get started, we’ve compiled some essential tips to assist you in the initial steps of planning to purchase your home.

Start saving now

Saving for a deposit is a crucial first step. The more you can save, the better position you’ll be in. If you don’t already have one, consider opening a high-interest savings account to maximise your savings during this period. Developing a regular savings habit is important, and a consistent savings history will be beneficial when applying for a loan. Set a budget to determine how much you can save each month, and stick to it.

First Home

Understand the Costs Involved in Your First Home Purchase

Understanding the various costs associated with buying your  home will help ensure you have enough saved and aren’t surprised by unexpected bills later. You should consider expenses such as stamp duty, legal fees, registration fees, building inspections, and moving costs. You may be eligible for a reduction in stamp duty or the First Home Owners Grant, which can provide significant financial relief.

Know What You Can Afford to Buy

Determining how much you can borrow for a home loan and what your repayments will be is essential when considering purchasing your home. Your borrowing power depends on factors like your income, current financial commitments, debts, credit history, savings, employment history, assets, and residency stability. Once you’ve saved up, obtaining a pre-approval is a great way to be more confident about your buying limit and your readiness to purchase.

Expert Advice, peace of mind

At Gippsland Mortgage Solutions, we relish the opportunity to help home buyers by offering expert advice and easing the stress of the process. We guide you through every step, ensuring you make informed decisions and secure the best possible terms for your home lo

Journey to home purchase

Contact Us 

Reach out to us today to find out how we can assist you with your first house purchase. Our team is here to provide the support and expertise you need to make your dream of homeownership a reality.

In conclusion, buying a house involves careful planning, disciplined saving, and a thorough understanding of the associated costs. By following these steps and seeking expert advice, you can navigate the home-buying process with confidence and ease. Contact Gippsland Mortgage Solutions to start your journey to owning your home.