Home Loan Guide For First Time Buyers
Step 1: Speak to Carolina Espinosa from FINZEN
If you are a first home buyer, the most important step you’ll need to undertake is to reach out to an excellent Mortgage Broker, speak to Carolina Espinosa from FINZEN, she will be delighted to listen to you and help you find the most suitable lhome oan to meet your financial needs and goals.
Step 2: Budgeting
If you plan to purchase a property, it’s always essential to budget your finances and save, save, save. If you find yourself wondering where to start or how best to budget your monthly expenses, speak with Carolina Espinosa from FINZEN, they can help you to get on the right path. Make your dream come true as a first home buyer.
Step 3: Necessary documentation
Gather all your necessary documents to take to your mortgage broker, including:
– payslips;
– sufficient proof of id for each applicant;
And details of:
– any debts or loans to be paid;
– recurring income (ie rental income, pensions etc);
– your living expenses;
– your previous address, if you have lived there for less than three years;
– your previous employer, if you have worked at your current role for less than tow years.
Depending on your circumstances, your mortgage broker may need more information. Just ask.
Step 4: Important conversations
Carolina Espinosa from FINZEN will discuss your plans and your circumstances with you to determine what you can afford and the most suitable home loan for your financial needs and goals. As a first home buyer, you need to know the statutory documentation to initiate the lending process and work out for you what home loan products will be appropriate in your circumstances.
Step 5 House & home research
Before you set out inspecting properties and measuring room sizes, it’s a good idea to first undertake some research and reach out to your Mortgage Broker – Carolina Espinosa. It’ll save you a lot of time and potential disappointment if you first research properties in your desired areas and using the information your adviser has given you. Remember, don’t place a deposit on a property until your adviser tells you that unconditional finance has been offered by a lender. A little work now can save a lot of disappointment later.
This is just an abridged guide to help you get started. Contact Carolina Espinosa from FINZEN https://finzen.com.au/contact/.
