Set a budget for your new home - and stick to it
Searching for your first home can be an exciting and daunting process - there are so many things to consider.
Size, location and budget are often the factors you begin your search with - usually based on your current lifestyle.
Your budget is paramount to your decision as a first time buyer and must be thought about very carefully.
After working and saving diligently for a deposit, it is important that you choose a home and mortgage that you can comfortably afford.
Taking on more than you can handle may lead to stress and heartache down the road.
It is advisable to speak to a mortgage broker about financing and home products that are available to residential property buyers.
Shopping around and doing your research will ensure that you'll find the best home loan option available for your specific situation.
First home buyers are also encouraged to investigate potential government grants you may be eligible for to offset some of the cost.
Buying your first home can be a wonderful experience - doing your homework and choosing the right mortgage can give you peace of mind knowing you made the right choice.