Buying a home at any stage in life can be a learning experience, but none more so than as a first home buyer!
There will be terminology that you are not familiar with and understanding the processes of both the purchasing and borrowing the necessary funds can be very daunting.
Mortgage Express pride themselves on walking you through your first home purchase and taking the time to explain the ‘how’ and ’why’ aspects of the transaction.
Some lenders have loans targeted at First Home Buyers and we’ll help you to determine which option is suitable for your circumstances.
Things to consider include whether you want a fixed or variable rate, whether you will be living in your first home for many years to come or if you will upgrade within a few years. You may also consider whether you will try to hold onto your first property as an investment when you upgrade. No matter what your plans are, we will develop a strategy that will get you on the right path.
As a first home buyer, you may also be considering a guarantee arrangement with a partner or relative to assist with the purchase. Guarantees are where another person’s property or assets are used to secure your loan. These arrangements are common but it is very important to set them up correctly and in a manner that will suit your short, medium and long term goals of property ownership. Of course, we can help you with this.
Source: Mortgage Express Website