First Home Buyers
Purchasing or Buying your first home is an important decision. It can be a daunting process which is why it is essential that you do your homework, have a plan and budget, and seek Phillip’s expert advice before jumping in. Here are some tips to help avoid the common traps when purchasing your first home.
- Avoid looking at properties that are out of your price range. Be clear on what you can afford to spend.
- Work out which home loan is best for you and check the ongoing repayments taking into consideration interest rate increases over time. Please use our Mortgage Calculator.
- So you know exactly what property you can afford, get pre-approved for your loan.
- Understand hidden costs such as stamp duty, pest and building inspections, insurance and legal fees.