As we have learned from the previous episode, there are several factors that are crucial, like your savings, in optimizing your borrowing capacity to purchase your First Home.
In this episode, we will be taking a look at another important aspect that the lender is assessing in your home loan application, your savings.
We will also talk about traditional deposits and the Minimum Genuine Savings that some banks are requiring. As well as different Government benefits for First Home Buyers and know if you are eligible for any of those.
We will guide you through several different saving options. We will also introduce you to the concept of Lender’s Mortgage Insurance. Then, provide you with the best way to avoid unnecessary payments in securing your First Home.
Watch the video here: https://youtu.be/sccRD4l9fP8
For more information call me on 0430 020 620 or send me an email.
Kind Regards,
Miguel Gonzalez
Mortgage Broker
My Loan Choices
m. 0430 020 620
e. miguel@myloanchoices.com.au
DISCLAIMER: This podcast provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
Next Episode → 7. An analysis of the Funds you need to buy your First Home
