Borrowing at the moment isn’t easy and a lot of this comes down to bank credit policy in this market and their appetite to lend. Credit policy varies across banks, however, in most respects, they remain very similar. This article helps to explain the importance of debt servicing when applying for your first home loan.
Here at The First Home Buyer's Club, we get excited about helping first home buyers through the process of purchasing their first home. But often, this excitement is hit with a dose of reality when we discover the amount of debt they have on board.
Schnauer and Co. are a North Shore-based law firm that has developed its legal expertise to encompass nearly every area of the law – so they can walk alongside their clients throughout their lifetimes, and those of their families. They combine the experience of their more than 30-year history and expert team with a lateral thinking, flexible approach to problem-solving.
In partnering with The First Home Buyers Club, Schnauer and Co. have expressed a commitment to helping educate and advise first home buyers through the process of buying their first home.
You can take advantage of Schnauer and Co.'s First Home Buyers' Member Offer here.
The Sale and Purchase Agreement can be a daunting document for first home buyers. That is why we always strongly recommend first home buyers seek independent legal advice from a lawyer before making an offer.
One of the top questions we get from first home buyers is "How much deposit do I need?" The answer is entirely dependent on your situation, if you have favourable circumstances, a low deposit loan could be possible.
The challenge of putting together a deposit for your first home is a daunting one. With the house prices where they are it can seem like an impossible task to get to a target of around 20%.
Schnauer and Co. are a North Shore-based law firm that has developed its legal expertise to encompass nearly every area of the law – so they can walk alongside their clients throughout their lifetimes, and those of their families. They combine the experience of their more than 30-year history and expert team with a lateral thinking, flexible approach to problem-solving.
In partnering with The First Home Buyers Club, Schnauer and Co. have expressed a commitment to helping educate and advise first home buyers through the process of buying their first home.
You can take advantage of Schnauer and Co.'s First Home Buyers' Member Offer here.
The Sale And Purchase Agreement can be a daunting document for first home buyers. As a legal document it is important that you make sure that you are fully informed about your legal obligations. It is also the opportunity to ensure that you include all the conditions needed to be able to check out the property to satisfy yourself and the bank that it is a solid purchase.