Purchasing a property
Finding the right property and making all the arrangements to buy it can take time. It’s a big financial decision so it’s important to look at as many properties as possible and make the right choice. It’s also a good idea to speak with property experts such as real estate agents, bankers and mortgage brokers.
Before buying a home you should:
- consider the financial costs involved
- find the right lender and home loan
- identify where you’d like to buy
- find the right house
- arrange building inspections
- think about how you’ll repay the home loan.
Buying your first home
Some questions you may wish to consider include:
- Am I better off renting than buying?
- How much can I borrow?
- How much deposit will I need?
- What additional costs will I be up for when I buy a place of my own?
- Are concessions for first homebuyers?
- What should I do with my money while I try to accumulate a bigger deposit?
- What types of loans are available?
- What should I look for in a loan?
- How do I find the right mortgage for me?
How we can help
- Work out how much you can borrow based on current financial capacity
- Calculate the deposit you are likely to need.
- Identify strategies to save for a deposit in the timeframe you set.
- Set a budget to cover your mortgage commitments when you have purchased your property.
- Review, recommend and organise appropriate insurances.
- Recommend if you need to create or review your Will.
Want to know more.
If you need help with personalised advice on financial planning, be it wealth strategies or protection for you or your family, or a need to discuss your present or future retirement options give us a call today on 03 6343 1007.
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FinancialPartners (Tas) Pty Ltd ABN 26 160 284 739 is an Authorised Representative and Credit Representative of AMP Financial Planning Pty Limited ABN 89 051 208 327 Australian Financial Services Licence 232706 and Australian Credit Licence 232706.
‘This blog post contains information that is general in nature. It does not not take into account the objectives, financial situation or needs of any particular person. Because of this, before acting on any advice, you need to consider your financial situation and needs before making any decisions based on this information.
If you decide to purchase or vary a financial product, your financial adviser, AMP Financial Planning and other companies within the AMP Group may receive fees and other benefits. The fees will be a dollar amount and/ or a percentage of either the premium you pay or the value of your investment. Please contact us if you want more information.’