5 Essential Financial Tips for First-Time Homebuyers in Australia
1. Save for a deposit: Aim for a 20% deposit to avoid paying Lenders Mortgage Insurance. 2. Budget for additional costs: Factor in stamp duty, legal fees, and moving expenses. 3. Get pre-approved for a loan: This will give you a clear idea of your budget and help you avoid disappointment. 4. Consider the long-term costs: Think about ongoing expenses such as maintenance, rates, and insurance. 5. Don’t overstretch yourself: Be realistic about what you can afford and don’t take on too much debt. […]
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