18/12/2023
End of year advice to people considering purchasing property and needing Credit Assistance in 2024❗️
✨Building your deposit, this is very important even before obtaining a home loan as having a strong deposit can help you: reduce the amount you borrow and in turn reduces your loan repayments, having a deposit that is 20% of the property's value will remove Lender's Mortgage Insurance (LMI) which will save you thousands of dollars.
✨To implement a budget, Budgeting is a great tool to help provide you with insights of your finances and will show you where your money is being spent and also how much money you can be able to save to help build you deposit.
Budgeting can also show you your regular financial obligations such as: Bills, Utilities, Subscriptions and Buy now Pay later services.
✨To review your Debt liabilities, did you know that by having personal debt in any form reduces the amount of income you have to service a loan and in result may have a drastic impact on your borrowing capacity. Always review your personal debt and where in a strong financial position to do so, removing this debt can help you borrow more when the time comes to purchase your home.
✨Seeking professional help, if you have implemented the advice above and you're now beginning to prepare for the property hunt. Always seek advice, especially Mortgage Brokers.
Mortgage Brokers like me, work solely for your benefit, your goals and objectives. Here at Bryce Broking Services, I use an extensive lender panel of 45+ different lenders to make sure I find the most competitive home loan product to help save money for my clients. To top it off, the work I provide for you is free, Bryce Broking Services doesn't charge any fees to its clients for services provided.
I look forward to hopefully hearing from you next year, to help make your dream, a reality.
Contact Information:
Instagram: Bryce Broking Services
Phone Number: 0480 442 004
Website: www.brycebrokingservices.com.au