fbpx

Latest Blogs

Essential Tips for First-Time Home Buyers – Opulent Finance

Buying your first home is a significant milestone, and it can be both exciting and overwhelming. Opulent Finance is here to guide you through this journey. In this blog, we’ll explore some essential tips for first-time home buyers to make the process smoother and more successful.

1. Set a Realistic Budget

Before you start house hunting, determine how much you can comfortably afford. Consider your monthly income, expenses, and future financial goals. Opulent Finance can help you create a budget that ensures you won’t overextend yourself financially.

2. Save for a Down Payment

Most lenders require a down payment, typically a percentage of the home’s purchase price. Start saving early to have a substantial down payment, which can help you secure better loan terms and reduce your monthly mortgage payments.

3. Check Your Credit Score

Your credit score plays a crucial role in mortgage approval and the interest rate you receive. Opulent Finance can help you review your credit report and provide guidance on improving your credit score if needed.

4. Get Pre-Approved for a Mortgage

Obtaining a mortgage pre-approval letter gives you a clear understanding of how much you can borrow and helps sellers take your offer seriously. Opulent Finance can assist you in finding the right lender and mortgage product.

5. Consider Additional Costs

Homeownership comes with expenses beyond the purchase price, including property taxes, insurance, maintenance, and utilities. Opulent Finance can help you budget for these ongoing costs.

6. Research Neighbourhoods

Thoroughly research the neighbourhoods you’re interested in to find the one that best suits your lifestyle and needs. Opulent Finance can provide insights into local property values, schools, and amenities.

7. Hire a Real Estate Agent

A professional real estate agent can be invaluable in the home-buying process. They can help you find the right properties, negotiate offers, and navigate complex paperwork.

8. Don’t Rush the Decision

Buying a home is a significant commitment, so take your time and don’t feel pressured to make a hasty decision. Opulent Finance can help you weigh the pros and cons of each property you consider.

9. Attend Home Inspections

When you find a property you like, attend the home inspection to identify potential issues. Opulent Finance can connect you with trusted inspectors who will provide detailed assessments.

10. Review the Contract Carefully

Before signing any contracts, have Opulent Finance review them to ensure your interests are protected and that you understand all the terms and conditions.

11. Plan for the Long Term

Think about your long-term goals and how this home fits into them. Opulent Finance can assist you in creating a financial plan that aligns with your homeownership objectives.

12. Enjoy the Process

Buying your first home should be an exciting journey. With Opulent Finance by your side, you can focus on the joy of finding the perfect place to call home.

In conclusion, Opulent Finance is here to support and guide you as a first-time home buyer. These tips, combined with our financial expertise, can help you navigate the complexities of the real estate market and make informed decisions that lead to homeownership success.

Share

Quote

captcha

Siraj Ahmed
Siraj Ahmed
2020-11-18
Trustindex verifies that the original source of the review is Google.
Excellent service. Got us a great loan option and also worked with the bank to get the loan approved during the heights of COVID.
Malaka Ekanayake
Malaka Ekanayake
2020-11-10
Trustindex verifies that the original source of the review is Google.
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
Trustindex verifies that the original source of the review is Google.
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
Trustindex verifies that the original source of the review is Google.
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
Trustindex verifies that the original source of the review is Google.
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
Trustindex verifies that the original source of the review is Google.
Good service and offers.
Janaka Kumara
Janaka Kumara
2020-08-22
Trustindex verifies that the original source of the review is Google.
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
Trustindex verifies that the original source of the review is Google.
They called me back with solution