4 Steps to Help You Crack the Property Market in 2018

I’m always on the hunt for relevant info and I loved this - one of the best articles I’ve seen on this topic for a while. Here are a few paragraphs as a taster...

Could 2018 be your year? The year you finally crack the property market? 

Market trends and property data will only get you so far; first you need to be in a position to part with the cash.

Let’s approach this step by step.

Step #1: Pay down your debt

Let’s be real, if you’re saddled with debt it’s unlikely you’re going to be able to save for a home.

Paul says reducing any debt – from personal loans to those you incur on your credit card – can help you in more ways than one before purchasing a home.

“It puts you in a better position as a borrower when you apply for a home loan,” he says. “Lenders will assess you on a range of factors, and your debt level is one of these.”

“The less debt you have, the more cash flow you’ll also have to put towards mortgage repayments. It’s simple: The less debt you have, the better position you’ll be in financially.”

Pretty valuable stuff, I’m sure you’ll agree! Why not check out the whole article here and share your thoughts with me afterwards: call (0400) 315 550 or email me at [email protected].

Thanks,

Christine