So, life in isolation in your rental property (or your family home with the parents!), has cemented your goal to get out on your own and buy your first home.
You’ve been fortunate enough to retain employment over the last few months and actually have more cash saved than you’d anticipated saving at the start of 2020.
After all, you haven’t spent money on petrol. You haven’t spent money on dinners out with friends. You’ve maybe saved on childcare costs. And maybe you’re even considering using money you’d earmarked for an overseas holiday, towards buying your first home.
The good news is, with so many incentives and strategies available to help first home buyers right now, it’s a great time to explore your purchasing options.
If you’ve played with any online calculators, you’d be forgiven for thinking a lender will just look at your salary and approve your loan based on whether you can meet the loan repayments based at the current advertised interest rate.
There’s actually a bit more to it!
To find out how much a lender will let you borrow for your first home purchase (and what first home buyers concessions you may be eligible for), please leave your contact details here and we’ll reach out.
P.S To improve your chances of getting a loan approved quickly should you be ready to purchase soon, there are 5 things you can do right now.
You can find them in our Checklist, “5 Things to Do Right Now To Get Ready to Buy Your First Home.”
