Welcome to the first monthly blog by Ash Blue Finances for Naked Edge Real Estate. My name is Audrey and I am a local mortgage broker with 10 years finance experience and have access to over 1300 products and 40 lenders to help find you the best home loan for your needs.
I will be providing monthly market updates, tips and hints to help secure your next home!
This month,we look at best practice, by you – the buyer!
Stretching your budget:
Many homebuyers fall into a trap of spending more than they can afford to repay. You might be pleased when a lender offers you more than what you originally planned to borrow, but without knowing everything about you and your lifestyle, it is really just a computer throwing out a number. You are the expert when it comes to your own habits, and it is important to allow for unexpected costs, possible interest rate rises and deciding how much to borrow. Therefore it is important you have a good idea of what money is coming in and what is going out. Setting up a budget to know your outgoings is really important to ensure you can afford the mortgage you take and be able to improve your lifestyle. We can help with structuring and setting up a budget to maximise your savings potential.
Searching before obtaining pre-approval:
There is nothing worse than finding your ideal home, only to miss out because you’re still trying to arrange finance approval. To avoid disappointment, sit down with a mortgage broker before looking at the property listings! It can sometimes take a couple of weeks to have everything organised, but the moment you know exactly how much you can spend, you can hone in what to look for – and will find the approval process once your offer has been accepted is sped up!
By doing your homework, you will bring down your stress levels, save time, disappointment and find the home purchase a much easier and exciting transaction. Be sure to check out Naked’s mortgage calculators where you can get an idea of your mortgage repayments, borrowing capacity and buying & selling costs. When you are organised, understand and know what you can spend, you can set clear goals which can be obtained easier and make your dreams a reality!
Have a great month, and if you have any questions or if I can be of any assistance, feel free to drop me a line at audrey@ashblue.com.au or you can contact me on 0401 326 641 (mobile) 9291 4750 (office).
09 Aug 2015
Guest Blog: Audrey Greipl from Ash Blue Finances
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