Recent Government changes have now made it easy and cost effective to switch your home loan. It is important to ensure that your existing loan is the best and most suitable for you. With so many great products and competitive interest rates being offered by several different lenders at present, if your loan is not the best on the market it could be costing you thousands of dollars. To ensure that your home loan is still the most suitable for you, please contact us for a free no obligation home loan health check.

Below are some tips to help you when buying your first house.

Five top tips when buying:

• Indecision at the start – do an evaluation of the pros and cons to look at the practical issues.
• Under or over-estimating – do your homework first, to get a picture of the current market price.
• Financial uncertainty – knowing your financial position gives you the power to make decisions.
• Confused needs or wants – draw up a list of property must-haves to enable you to choose wisely.
• Disagreement in the ranks – make sure that everyone involved in the buying decision is in agreement.

Contact us at Capital House Home Loans for a free, no obligation home loan application. We can get you in your first house quicker than you think.

• Study to save sanity – consider all the hidden charges.  If building, allow $50,000 for floor coverings, curtains, landscaping etc but remember new homes need less maintenance.  Consider any government grants and whether an investment will have tax benefits.
• Look at the landscape – every market is different.  Compare the price of vacant land and building with buying an established home.  Building can be cheaper, unless you buy an existing property at the bottom of the market.  Do your sums carefully.
• Get organised – being well prepared can stop the financial headaches.  When building, your lender will want a copy of your fixed-price building contract – any changes that cause costs to go up may need to come from your own funds.
• Use your head – building a house means you design exactly what you want but, as will renovating an existing property, it’s important to consider the re-sale value.  Do not overcapitalise or go too way out.
• Consult an expert – the building process can be daunting and complicated.  Build strategically and talk to experts, including your mortgage broker, to end up with a better product.

Obtaining investments are a great way to build wealth.  Benefits of capital growth and income streams can be a way you grow wealth.  Many people believe it is too hard and complicated and never take the time to enquire.  At Capital House Home Loans, we would like to show you how easy it really is.  Contact us today for a free, no obligation consultation.