First Home Buyers

10 tips to consider before you buy your first home in the next 3 months

Looking for a new place to call home? Whether you’re building the nest or seeking your first property as a new buyer, it’s both exciting and nerve-wracking navigating the minefield of home loans here in Melbourne. Secure the property you love with the loan that’s right for your lifestyle with the most trusted and skilful mortgage brokers specialising in finding the best loans on the Melbourne market. You can view our basic mortgage repayment calculator or read on to discover the top 10 questions to consider before you buy your first home in the next 3 months.

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    • Sellers in Winter are generally more motivated to sell
    • The cold weather reveals the properties natural flaws (i.e natural light) helping the buyer make better decisions
    • Reduced buyer competition

    1Do you know your maximum borrowing capacity and your costing? As a mortgage broker, I can provide you figures in few seconds from the lenders who accept your situation.

    2Have you worked out, how much you can spend for your home loan as in monthly repayment?

    3Selecting a suburb, you want to live for next 5-10 years depending on your life style.

    4Have considered the capital growth of the proposed property, and do you have any statistics or sales history of the area? Do other mortgage brokers offer you this free service?

    5Do you know how many bedrooms and living spaces you want in your prospective home?

    6Have decided whether you want buy an establish home or you want to build your own from the scratch?

    7Do you know what the pros and cons when you buy an establish home compared to building?

    8Do you know your eligibility for first home owner grant (FHOG)? Please be aware that different states governments have different requirements.

    9Do you know what the off the plan purchase and pros and cons are for you?

    10If you are buying your first home with a family member or a close mate, have you worked out each liabilities and responsibilities towards the proposed mortgage?

    At Mel Finance, our passionate and knowledgeable team understand how challenging it can be to enter the Australian property market. Rising property prices, combined with an increased number of people looking for a place to live, have made competition fierce. When searching for the first home to buy it is important that you don’t list too many deal-breaking criteria, otherwise you may miss out on the best home for you. Thanks to our attentive and in-depth approach the team at Mel Finance are able to provide our customers with personalised and outstanding advice to aid in buying a first home in Melbourne. Our location in, and analysis of, the Melbourne metropolitan region allows us to give you the best advice at the best price.

    At Mel Finance we will walk with you from the beginning to the end of your journey to gain a mortgage. Thanks to our cutting-edge software we can search through thousands of mortgages to find the right one for you. Thanks to our approach our clients can focus on the property while we take care of the financials. Melbourne residents in this positions should speak to our housing and mortgage experts to gain a unique perspective on the advantages and disadvantages of being a first home buyer. To discuss your situation and desires with our attentive and reliable experts please feel free to contact us today.

    As a bonus to our valued customers we will provide you a comprehensive property profile report prepared by Corelogic RP data, the largest property data company In Australia.

    Find out how you can request a FREE property profile report by calling us on 1800 941 947 today.

    Did you answer these 10 questions with confidence? Have some doubts you’d like to get checked out?

    For comprehensive home loan and mortgage advice you can trust, why not book in for a complimentary appointment with one of the best Melbourne mortgage brokers at Mel Finance here.

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