Page 6 - Wilson Property RCI buying a home

Have you thought about

/ What Can You Afford?

Everyone’s situation is different. How much you can afford to borrow depends on your income and financial
commitments, house deposit, plus any other savings, credit score and credit report.
Be realistic about what repayments you can afford. If interest rates rise, your loan repayments could go up.
So give yourself some breathing room.
Find a balance between the lifestyle you want and what you can comfortably afford.

/ First Home Owners Grant?

The Australian Government grants provide eligible owner-occupiers (including first home buyers) with a
grant to buy a new home, build a new home, substantially renovate an existing home or buy an off-the-plan
home/new home.
We recommend checking the www.sro.vic.gov.au website for all the up to date information and eligibilty.

/ Finance?

When looking for a good deal on a home loan, the interest rate matters. A home loan is a long-term debt, so
even a small difference in interest adds up over time.
With many lenders to choose from, you may decide to get a mortgage broker to find you the right home
loan. Regardless, make sure you get loan options personalised for your situation.
Finally, consider getting loan pre-approval. Pre-approval lasts for a few months and shows you’re eligible
to apply for a loan up to a certain amount. It doesn’t commit you to a loan. It lets you set an affordable price
range, and tells Vendors you’re serious about buying.

T ABOUT
..?
10 / OFFER ACEPTED
6 / WHA