Now may be the time to find a home loan that suits your circumstances.

It is always a good time to buy your first home – as soon as you can afford it. And affording it is easier than you may think once you have a regular income and savings for your deposit. Here are the simple steps you need to follow to work out if you are ready.
Build up your savings and show some regularity of savings.
Talk to Boston Money (your Financial Specialist) to determine your borrowing power, after allowing for the level of deposit you can afford and your future loan repayments.
We can help you determine if you are eligible for any Government Grants, that are available for certain buyers (e.g. first home buyers). These grants could come in the form of Stamp Duty savings, or cash grants on eligible purchases.
Get pre-approval of your borrowing capacity, so you know exactly how much you can afford.
Now you are ready to buy so the next few steps are all it takes.
Look for residential properties in your price range. It may help if you take a friend or relative who has bought a property before as this can be quite a daunting experience for a first home buyer. This may take a while, as there are many properties available and not everything will suit you and your budget
Once you have found something you like that is in your price range, then you can put an offer in and once it is accepted, then you take the contract to your solicitor and Boston Money (your Financial Specialist) to give you unconditional approval on your loan.
Once the loan approval is unconditional, you can then proceed to exchange and settlement of your new home.
Call Boston Money to see if you are ready to buy your first home.
Disclaimer
This document has been prepared by Boston Global. Documents published on this website are for general information only and are not intended to provide you with personal financial advice as we do not take into account your personal objectives, financial situation or needs. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. Replication of this information requires prior approval and appropriate referencing to the entire document.
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