Knowing the market is crucial, so do some research on the areas you are targeting, check out auction clearance rates and recent sales, as well as price trends in the area. We can help you by providing a depth property report at no cost to you. Contact us for the report. Once you are aware of what you are looking for and the approximate price, the next step is saving a deposit.
While some lenders will offer loans at 5% deposit if you have saved less than the usual 20 % deposit, being able to show a record of good saving habits will aid in getting your loan approved.
Then, when you talk to talk to us about applying for pre-approval on the right type of loan and we can go through if you can afford in terms of repayments.