Related Pages

First Home Buyers In Adelaide – What You Need to Know

Buying your first home is a big life event. It is also one of the biggest investments that most Australians will ever make.

In the midst of all of the excitement that comes with this momentous event, as a first home buyer, you need to be certain that you’re making informed, rational decisions.

Getting the right loan is a matter of knowledge, and experience. Your options need to be assessed with care, and the more informed you are the better.Happy Young Couple Shaking Hands with a Mortgage Broker Across Her Desk

AAA Mortgage Solutions in Adelaide are here to help. We navigate the important aspects of finding a suitable loan for you, keeping you in the loop and on-board the whole time.

Handy Tips For Buying Your First Home

Are You Financial? 

The first thing to think about when approaching your loan is your financial situation. Do you currently have outstanding debt or a high cost of living? Have you taken in to account stamp duty on top of the cost of the home? Do you have a deposit saved? All of these things can affect your financial standing when applying for a home loan. Generally speaking, deposits are a minimum of five percent, and this usually has to have been saved in your bank account for a minimum period of time.

There are alternatives though, such as pledge (or family guarantee) loans. Our lending managers can have a chat to you about the different options on 1300 555 888.

Your Employment Status 

Your employment status is something that is considered when applying for any loan or line of credit. Typically you need to be working full-time, part-time, are self-employed as a sole trader or be a casual employee. You also generally need to have been working in your role for a minimum period of time.

First Home Owners Grant 

This grant is a financial incentive available to Australian citizens or permanent residents and is only available for your first home. If you are purchasing the property with your partner then both of you will need to meet the eligibility criteria. Please feel free to have a chat with one of our experts to find out more about this, and other available incentives.

Contact Us For More Information

Please don’t hesitate to get in touch with us for more information. We have expert mortgage brokers available to chat on 1300 555 888.

Book a FREE appointment with a professional mortgage broker now!

http://www.aaamortgagesolutions.com.au/first-home-buyers/

AAA Mortgage Solutions   1300 555 888