6 Home Loan Tips For First-Time Buyers

I’m always happy to pass on great info...and this is great info! I’ve included a few snippets below lifted from the full article.

Buying your first home is an incredibly exciting time, but it can also be a frightening one, especially when considering the cost associated with such a purchase. But before you apply for a mortgage, there are a few things you should know first. Understanding the process will help you make a more informed decision and get the most out of your mortgage.

Here are a few mortgage tips that all first-timers should know.

1. Don’t Take Out the Amount You’re Approved For

The amount that a lender agrees to loan you isn’t necessarily the amount you should agree to take out. Just because you’ve been granted approval for a certain amount of money doesn’t mean you should take it. In fact, you’d be wise not to. Instead, you might only want to take out a fraction of what you’ve been approved for.

Do you need more detail on this subject? Head on over to the full article here for more ideas and perspective. Afterwards, why not drop me an email to share your thoughts [email protected]; or call me on (0400) 032-110.

Thanks,

Bill Mitchell