First home buyers | Mortgage Broker in Hurstville, Penshurst, Mortdale
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How to prepare for your first home loan
If you’re looking to enter the property market, there are a few things to prepare before you secure your first home loan. Things like a thorough understanding of your finances, your income, your budget, and what loan structures suit you best are vital to know before you make any big decision. Unfortunately, gaining a firm grasp on all these factors (and obtaining the necessary documentation alongside them) can be overwhelming at the best of times.
That’s where mortgage brokers come in. Brokers are here to serve their clients from initial discussions to settlement on their new property. Brokers won’t just complete all the necessary paperwork, they will find and guide you to the best options available for your circumstances, all while educating you on how the property market works as a whole.
If you’re curious as to how a broker can truly make your home ownership journey that much easier, reach out to Hurstville’s premier broker, Pramod Dhakal.
What do you need to secure your first home loan?
When seeking a home loan, you will need to provide certain documentation to allow the lender to assess you. The documentation required can be difficult to obtain if this is your first time dealing with a lender. Some of the important documentation required includes:
- Photo ID
- Information on your living expenses
- Estimates of assets and liabilities
- Bank and credit card statements
- Current employment details
- Current income details
Even with the lender providing a list of their requirements, it can be difficult to ascertain how to enact certain requirements. Luckily, with the assistance of a mortgage broker, understanding and fulfilling lender requirements is made simple.
If you’re looking for some assistance with your first home loan, get in touch with Hurstville broker Pramod Dhakal.
Home loan calculators
If you’re wanting an idea of what to expect when you go searching for your first home, check out our free loan calculators. From gathering an understanding of your borrowing power to conceptualising your monthly repayments.
For tailored guidance and expert advice on navigating the property market, contact Pramod on 0401 031 136.
Pramod is also able to assist with other aspects of the property market, such as:
