How to Avoid Mistakes when Buying a Home

Make sure you know your budget

Make sure you've got your finances sorted

Inexperienced borrowers

Don't sugar coat reality and a bad credit rating

It's best to be honest here

Lenders consult

Don't assume your assets substitute your income

Consider your borrowing capacity

Repay the loan through a regular income

Make sure you choose a qualified advisor

Make a living from offering advice

Property advisor may not come cheap

Be very careful to select your mortgage broker

Understand your mortgage options

A mortgage insurance involved, if you have less

than 20% deposit

Never underestimate the costs involved in buying a

property

Make sure you adequately research or check out the

home first hand

Dedicated research and good old fashioned

haggling are just as good

Check before you settle on a property

Keep your eyes open for any 'Cover ups'

Make your mortgage repayment strategy

If you can afford to make more regular repayments on your home loan, go for

it

Decide whether you're buying for living or buying

for investment

Think about your prospective rental market

needs and wants

Ensure your property is distinguished

Thank You