Mortgage advice to help you get ahead

Most people looking for a first home buyer loan probably find at some point or another that the process can be a bit daunting.

Apart from the uncertainty that can come with being a novice to securing home finance, there are many rules, conditions and requirements for first time buyers to adhere to just in order to apply for a home loan.

Not to mention there are several hundred different loan products out there!

It may come as a surprise then that finding a loan to buy your first home needn't be difficult at all.

That's because a mortgage adviser can work with you to find a finance solution. These experts won't just provide you with excellent advice – they'll get out there and do the hard work of finding the right home loan for your property purchase.

That starts with establishing your buying goals and how much finance you will be able to secure.

They'll sit down with you to work out your borrowing capacity. This is based on several factors, including your income, current debt and your savings.

From there, they will then discuss what sort of loan features you would like to have.

You might like to build some flexibility into your loan, so that you have the ability to alter its structure in five or ten years, if for example you get a raise and wish to try and pay it back more quickly.

Thinking ahead like this is important, as otherwise you might find yourself wanting to change some aspect of your mortgage but not being permitted to by the terms of your loan.

Once you've found a loan solution that works for you, your mortgage adviser will help you with each step of the application process – and also with loan pre approval if you choose to secure this before house hunting.