Whether you’re planning to take out your first home loan, refinance your existing mortgage, or invest in a property, one of the key decisions you...Read more
Tips for buying your first home home
Buying a home is a huge financial commitment. If you are saving to purchase your very first home, you probably want all possible advice. Here are a few tips to help you prepare wisely and realise property ownership sooner. Save for down payment and other buying costs. The first thing you need to do is work out your finances to make sure that you have enough to cover your down payment and property buying costs such as stamp duty, legal fees and lender’s fees. This prevents unexpected expenses and gives you a realistic picture of how much you can afford before you start house hunting.
Check your eligibility for the First Home Owners Grant (and other incentives). This scheme offers Australians who are building or buying a first home up to $20,000 financial assistance, the amount depending on their state or territory. If you are eligible, you can use the funds towards your down payment, moving expenses or renovation costs on your starter home. Seek the sharpest home loan rates. Search for home loan offers from multiple lenders to ensure you’re looking at the best possible deals. Find out which one best fits your needs by comparing interest rates, lender’s fees and loan terms. Trusted mortgage brokers from Rateseekers can make this process easier at no cost to you.
From finding the best mortgage rates to expert home-buying tips to easy loan approvals, Rateseekers is your one-stop shop for your home loan needs. If you’re ready for the next step in buying your new home, our qualified mortgage specialists are here to make your application faster and simpler.
Buying a second home? Here are some considerations to keep in mind
Whether it’s by the beach or up in the mountains, buying a second home is one of the most exciting property investments you can make. If you’re ready to take the plunge, we recommend getting an expert’s opinion before applying for your second mortgage. Most lenders impose stricter mortgage qualifications for vacation homes and offer slightly higher interest rates. And if you’re planning to rent out your vacation home as a source of additional income, then your home becomes an investment property. Rateseeker has processed successful second mortgage applications throughout the years. We can help you outweigh the costs of owning a second mortgage, and help you secure the loan when you’re ready.
Thinking of buying a second home, but don’t know where to start? Talk to us about your goals. Our mortgage advisers will shop and compare the top mortgage offers so you can pick out the deal that is right for you. Connect with one of our experts today and we’ll get in touch within the next 24 hours.