fbpx

Latest Blogs

A Complete Guide for First Time Homebuyers

home loan broker in Melbourne

As a first-time homebuyer, you might feel a little out of your depth. The process of buying a home starts way before you move into your new house. If you’re not sure where to begin, we have outlined a guide for you to follow:

Select The Area You’re Interested In

The home you buy will likely be your family home for many years to come, so deciding the area you want to live in should not be a decision you take lightly. Keep in mind proximity to work, schools, public transport, parks, and other infrastructure.

Determine What You Can Afford

If you have savings, now is the time to budget them and figure out what you can afford. Take into account all of the expenses you will face, including down payments, monthly payments, realtor and broker fees, taxes, repair costs, and utilities.

Assess Your Credit

Find out your credit score, clear up any discrepancies, and make moves to improve your score in the next few months if it is possible. It would be a good idea to hold off on making any big purchases for the time being and lower your debt-to-income ratio by paying off old debts. The better your credit score is, the better a deal you can get on your mortgage.

Find The Best Realtor

The best realtor in town will keep all of your needs and requirements in mind and help you find the home of your dreams. Find a realtor with experience in the area and knowledge about local life.

Get A Down Payment Ready

As soon as you find your dream home, you’ll have to put down a down payment. Ideally, your down payment should be 20% or more of the house’s purchase price. It would be a good idea to get together your savings and investments to put down a solid down payment. This will also make the monthly payments less of a burden on you.

Find A Good Home Loan Broker

A home loan broker can help you get a better deal on a home loan or mortgage. A broker can help you find different loans that might suit you best, explain the different terms of the loans to you, and help you apply for the loan. The primary role of a home loan broker is to understand your needs and goals.

If you need more information about the home buying process, your brokers can help you understand the process. Don’t just go with any name; trust Opulent Finance the best home loan broker in Melbourne,

With an experienced team focused on your needs, at Opulent Finance , we specialize in helping first-time buyers get their dream homes.

Share

Quote

captcha

Siraj Ahmed
Siraj Ahmed
2020-11-18
Verified review
Excellent service. Got us a great loan option and also worked with the bank to get the loan approved during the heights of COVID.
Dhruv Satra
Dhruv Satra
2020-11-18
Verified review
Malaka Ekanayake
Malaka Ekanayake
2020-11-10
Verified review
We have had a very pleasant experience working with Opulent Finance. We did not have that much experience with house loans as we were first home buyers but working with Opulent  Finance team specially with Ishara, made that experience stress free one. She helped us secure an incredibly competitive interest rate and offered her guidance so we can take advantage of the future interest rate drop. Thank you Ishara, Dayan and team for your incredible support and we have no hesitation what so ever in recommending Opulent Finance for your financial needs
Uma Gunaratne
Uma Gunaratne
2020-11-04
Verified review
Ishara is highly knowledgeable and if you are a first home buyer and new to the intricacies of all that home loans entail, she will really take you under her wing and impart her knowledge and experience and treat you as one of her own. She is also extremely patient but will also be very truthful and upfront in situations which is honestly what you need. She did a very complicated loan for us, and was so incredible efficient and organised with all the paperwork that was required. Not only that, she helped us secure an incredibly competitive interest rate! Ishara has probably spent hours and hours explaining to me details and giving me really good guidance through this momentous period in life! During the cooling off period and settlement, she was constantly chasing up our loan and honestly took a personal interest in the outcome. Our solicitor was also very happy about working with Ishara as she was following the entire process, was always up to date and very easy to work with. Considering that our entire process happened during the covid-19 lock-down and work from home environment, we have nothing but good things to say about how professional Ishara was as she didn't let a single thing slip. We are so glad that we have both Ishara and Dayan in our corner. We will definitely be using them for all future financing needs. Thank you Ishara, Dayan and team!
Harsha Ill
Harsha Ill
2020-10-11
Verified review
Opulent Finance gave professional advice for my unique home loan requirement. They respond quickly with the proper information. The process was smooth and I felt comfortable to deal with the team. The team is friendly and professional to deal with. Highly recommended for any one looking for finance.
S P
S P
2020-09-22
Verified review
I have been dealing with Ishara at Opulent Finance for over 6 months now and she has been faultless. She has helped me secure a loan pre-approval in no time and assisted me with my property purchases. I could not recommend Ishara highly enough.
Afshin Koohestani
Afshin Koohestani
2020-09-22
Verified review
Good service and offers.
Janaka Kumara
Janaka Kumara
2020-08-22
Verified review
A big shout out to Dayan and his team for the seamless service provided during the refinancing process. Thoroughly professional team that pays attention to every detail and has been extremely transparent throughout the process. A team that always has the best interest of clients in mind and makes all efforts to provide the right advise and outcomes to the clients. Highly recommended!
Rakesh Mistry
Rakesh Mistry
2020-08-19
Verified review
They called me back with solution
Indra Jaya
Indra Jaya
2020-08-12
Verified review