Have you heard the expression – “spring is the mortgage season”? and often asked yourself why?

The period over September to the end of November is historically the busiest time of the year for real estate agents and mortgage brokers.

For many Home Buyers this is the time of the year when Australians are looking at selling and or buying real estate and looking to take out home loans.

Start Planning for your new Home

Before you start looking around for your dream home, you should start planning by undertaking the following steps:

Step 1- Presentation

Because first impressions always count to the buyer, it is important to make sure your property looks its best from the moment it goes onto the market for sale.

Step 2 – Perform a Financial Health Check

Just as you have a regular medical check done on your health, you should also consider having a health check done on your finances. Because, performing a credit health check will tell you if your finances need attention or could be better.

Step 3 – Work out How Much You Can Borrow

Do your sums by using a Borrowing Power Calculator to work out how much can you borrow and what repayment amount can you afford?

Step 4 – Get your Home Loan Pre-Approved

By getting your home loan pre-approved, you will have the peace of mind knowing that your loan has already been assessed by a qualified finance/mortgage broker.

Step 5 – Choosing a Suitable Home Loan

Once you have sorted out your budget it is time to start choosing a home loan. When choosing a home loan, it is important to work out the features you need from your loan; and the cost of the loan in terms of fees.

Step 6 – Choosing a Suitable Licensed Real Estate Agent

You should consider appointing a licensed real estate agent who can assist you when you are selling your home and will assist you with your property search when you are buying real estate. Try and find a real estate agent that has a good knowledge of the demographics of your local area and has a good knowledge of comparable sales in your local area or the area you are looking at. A Good real estate agent will alert you to new listings before they reach the media and will be able to offer additional advice.

In Conclusion:

Selling your current home and buying a new one can be an overwhelming task for many. But, you can ensure stress-free and happy home buying process by employing the services of a qualified finance/mortgage broker. He/she will provide expert assistance every step of the way and ensure that you obtain the best home loan deal.

For happy home buying, you need to obtain pre-approved home finance. Finance Me’s team of expert mortgage brokers will go the extra mile in finding you the right finance.