In an environment where interest rates on mortgages are constantly changing, locking in a rate can be a useful option to protect your interest rate for a set period of time (usually 30 to 90 days).
Buying your first home is a goal for most, but it can be overwhelming with a lot to consider. Here are some of the steps we suggest you take before buying your first home.
- Calculate your income and expenses, savings and any debt you currently have including credit cards, loans and HECS-HELP
- Understand the associated costs behind buying your first home and what incentives you may be eligible for
- Find out how much you can afford to borrow and calculate repayments
- Compare home loan options to find out which loan is best-suited for your situation
- Arrange pre-approval
The team at Azura are proud to say we have helped many of our clients buy their first home, and we stick with them throughout the entire journey. We can help you with all of the above steps, so please get in touch today if you would like some assistance.
We are happy to have a non-obligatory chat!