Home Buying Tips
Work on your credit
Your credit score has a direct impact on your mortgage rate and future home loan. Control your credit and keep track of your spending record. Improve your score by paying off debt.
Plan for your deposit
Create a home-buying savings account. Put part of each paycheck directly into this account via debit order. Work with your financial advisor to explore your options to help with this process.
Get pre-approved
Speak to your bank or a bond originator to find out what amount you can borrow for your home loan. Getting a pre-approved loan will give you a major advantage when house-hunting. It will assist you in knowing what your budget is. And it will give a seller more confidence when making an offer for their property.
Prioritise your wants and needs.
Create a list of desired wants and needs and categorise them. There are certain must-haves and nice-to-haves and things that are not important. By creating these lists, you will determine what’s essential and what’s not.
Go through these lists with your property professional.
