How Do I Finance My New Home?

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.

Whether you’re looking at a first home, second home or investment purchase, a financial health check will let you know whether you’re financially ready to buy. Don’t forget there are both upfront and ongoing costs when owning a property.

Engaging professional help

If you’re having trouble getting your head around the finances involved in buying a property, you’re not alone. Domain’s survey found that over 50 per cent of Australian home buyers listed “understanding all the costs and fees” to be stressful, while 17 per cent found it to be the most stressful factor of buying a property. Getting professional help can make you feel like you’re in good hands and reduce the stress of going it alone.

Financial advisors: A financial advisor can help you understand your financial position, including how much you can spend, how to structure your mortgage and how to manage ongoing costs. A tax agent can provide advice on your investment’s tax implications.

Do you need more detail on this subject? Head on over to the full article https://www.domain.com.au/advice/how-do-i-finance-my-new-home/ for more ideas and perspective. Afterwards, why not drop me an email to share your thoughts [email protected]; or call me on (0418) 708-112.

Thanks,

Melissa