First Home Buyers

Buying your first home is a big step and like many first home buyers, you may not have a clue where to begin.

At ACT Home Loans, we help young couples and individuals take the correct steps towards purchasing their first home. Our team of experienced mortgages brokers take the time to understand your property requirements, guide you through the entire home loan process and help you obtain a pre-approval.

Like all new experiences, buying your first home can be a little stressful so it’s important to start off with the basic steps of purchasing your first home.

Be constant with your savings
When saving for a deposit, it’s crucial to not only pay down your debt but to have a regular savings plan as saving for a deposit doesn’t happen overnight. A savings plans will help you identify where your money is going, and where you can make changes to reach your deposit amount.

Research
Most first home buyers live in their home for a few years before upgrading. Before purchasing your home, it’s important to do research to find out if there are any plans for development in the area, if it’s within range of public transport and main shopping centres.

Understanding stamp duty and extra costs
For first home buyers, stamp duty can be overlooked and become an unwanted surprise when the time to pay comes. Other expenses you should add to your budget are:

• Strata fees
• Pest and land inspections
• Loan fees

Speak to an ACT Mortgage Broker
If you’re ready to purchase your first home or would like to speak to a member of our team about finance for your purchase, contact us today on 0419 241 231 or fill out our enquiry form and a member of our team will be in touch.