Top Tips when Buying a Property with Your Partner

I think the following raises some excellent points about Buying a Property. I’ve included a few of the highlights for you to get the gist of the article:

Taking out a mortgage together means commitment, compromise and a number of considerations.

For starry-eyed couples, buying a home and moving in together can be an exciting time.

It’s also a big step in a relationship, particularly as the most common loan terms in Australia are 25 and 30 years, and a mortgage is likely to be the biggest debt you’ll ever take on together.

With that in mind, there are some financial considerations you’ll want to discuss with your partner early on, which could also help you to avoid any nasty situations down the track.

Are you on the same page?

Before you start researching lenders and trawling through real estate websites, there are a few things you should probably discuss with your partner first, if you haven’t already.

This might include things like:

• Your views on money management
• Your financial situation—income, expenses, assets and debts
• Your credit history, as this could impact your borrowing potential

What do you think? Maybe you’d like to read on? Check out the full version here… then give me a call to discuss how this might impact your own business:(0400) 302-171. Alternatively, email me at [email protected].

Thanks,

Sam Saggers