First home buyers | Mortgage Broker in Cessnock, Central Coast, and Maitland
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What to know as a first home buyer
As a first home buyer, you’re entering the property market with a fresh pair of eyes. This means that with a world of opportunity and options, pitfalls are plentiful and easy to fall into. As such, it’s important to know what to look out for as a first-time buyer to ensure that you’re first property satisfies your goals both now and in the future.
Home loans are a common pitfall for first-time buyers, as the complexity of loan structures and the options available (or lack thereof) can be overwhelming at the best of times. Certain features of a home loan to be aware of include:
- The interest rate structure of the loan, such as fixed or variable interest rates.
- What the monthly repayments of the loan will look like.
- The length of the loan term.
- If the loan has any features that can benefit you, such as loan splitting.
Even with the knowledge of loan structure and processes, knowing how they can positively apply to your goals and circumstances is a skill that takes both time and a detailed understanding of your financial situation.
George Wilson is your local mortgage broker for Cessnock and the Hunter Valley, and is here to help you understand and navigate through the complicated processes of home loans and property ownership. If you’re interested in learning how George can simplify the home loan process, book a commitment-free meeting or call today.
Why use a mortgage broker for your first home loan?
Brokers are here to help you in achieving your goals within the property market. They do this by reducing the workload that their clients have to complete, and educating their clients on both their available options relevant to their goals and how the processes involved operate.
Some of the major tasks a broker will do for you include:
- Liaising with lenders to find loans unique to your goals and finances
- Source and apply for applicable government grants for assistance
- Provide guidance on your options for the short and long term
- Advise on which loan options are best for you and how best to secure them
After learning the benefits a broker can provide, it’s common to question how affordable a broker’s service is. Fortunately, brokers are paid a consistent rate by lenders, not borrowers, meaning that you can rest easy knowing that your broker has nothing but your best interest in mind.
If you’re ready to enter the property market with the confidence that you’re making the right choices for your future, reach out to George Wilson, your local Mortgage Choice broker.
Call your trusted mortgage broker, George Wilson, on 0413 473 005 to discover your property ownership options today.
George is experienced in all areas of the property market, including but not limited to:
- Home loans
- Investment loans
- Refinancing
- Self-employed loans
