Perfect lending solutions 4u | Property

Perfect lending solutions 4u

Phone: +61 401 645 730

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22.01.2022 Basic rules of buying a house! 1. Affordability: Don’t get confused with this, check what you can afford & not what you can borrow. People tend to buy a big house, based on their maximum borrowing capacity, which may not work for them in the long run. Just a suggestion stick to your needs & affordability. 2. Check your credit history: It’s always a good idea to check your credit history even before you are ready to make a purchase. A good credit may attract a cheaper rate in... comparison to the bad credit history. On an average a mortgage lasts for over 10+years. You may want to think this wisely. 3. Stable Job: if you don’t have a stable income don’t buy a big house as average mortgage stays around 15-30 years, that’s a long time. Think about how many jobs have you had over the last 2-3 years. This will be an important question as you don’t want to over commit yourself. 4. Deposit: 20% is ideal or 5% for the first home buyer. If you have less than 20% or not applying under first home buyer, watch out you will pay additional costs like LMI (lenders mortgage insurance). To book an appointment, please feel free to contact us on 0401 645 730. If you are unable to come to us, we will be able to visit you.

12.01.2022 High cost of the pandemic pause on mortgage.