On average (in the 2017-18 census), renters paid $366 per week on housing, while housing costs for owners with a mortgage were $484 per week. At Boston Money we often meet with our clients to discuss the transition from renting to that next step of buying their own home. Before you apply for a home loan, start to prepare what you will need for a straight-forward and successful application process:
Your last 2 pay slips or the last 2 years of Financial Statements if you are self-employed
Print out your savings summary from your current bank account statements (3-6 months’ worth)
Set yourself a budget
Write down all of your ongoing financial commitments such as groceries, transport, recreation, health, etc.
How much you can save each week?
Every loan Boston Money process is tailored to meet the borrower’s requirements. By assessing your budget, income, assets and the property you want to buy, we can help you put forward a case for the best rates and terms.
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.
