Three essential things you need to know before getting a mortgage

Buying your first home is one of the best things you will achieve in life. After putting up with years of long working hours, numerous overtime, and years of savings, finally having your own keys to your own home is a dream come true. When a mortgage comes into your life, aside from consulting a home loan broker in Melbourne, you should still brush up on your knowledge and learn what to do before applying.

1)   Credit is very important – Before applying for a mortgage, getting your credit check to figure out the status of your credit is highly important.“Before risking their money on your mortgage, Financial institutions are very mindful of whom they lend money to.”

2)    Know how much you can afford – understand your requirement and borrowing capacity. Always keep in mind the future not just the present. Lotus Smart Accountants has a team of experienced mortgage brokers in Melbourne who can advise you on your borrowing requirement. We will thoroughly check how much you can borrow relative to your income to ensure that you can repay it.

3)    First home buyers – Are you a first home buyer? If so, you may qualify for some benefits that could help you with your home loan. Lotus Smart Accountants can always help you to identify opportunities that could make your purchase easier.

Lotus Smart Accountants has an exceptional team of qualified mortgage brokers that can help you regardless of your financial situation. Our combined knowledge, experience, and attention to individual needs and requirements make us one of the best home loan brokers in Melbourne.

Call us at 03 9561 9922 OR visit our website at www.lotussmart.com.au.