Finance—Sort it First!

Shopping for a new home? Finance is an absolute minefield. Sooner or later, you're going to need to apply for finance for your dream purchase.

Why not avoid those mines and sort your finance first. If you know your budget up front, you can avert a lot of wasted time and potentially avoid missing out on your dream property.

Do Your Homework

Don't just trot along to your bank and ask them for a loan or what they would be prepared to loan you, based on your current financial circumstances. That's one sure way to end up disheartened. The secret to shopping for finance is to do your homework. Check out as many finance providers as your time allows, to see who is offering the best loan product. Be prepared to spend quite a few hours researching. The time you spend could potentially save you thousands of dollars in interest and bank fees.

Time Poor?

Most of us are. There's always too much to do and never enough time to do everything we want or need to do. So how do you come up with a loan product to suit your circumstances when you don't have a lot of time available to undertake the necessary research?

Given loan products are constantly changing and new loan products being introduced seemingly all the time, how do you ensure you've selected a product that will suit you now, and cater for your requirements for the foreseeable future?

Finance brokers are the answer. Their daily role sees them exposed to a host of loan products, available from a broad cross section of lenders. A good broker will often chase lenders until they introduce a loan product to satisfy their clients requirements.

We're All Different

We're all different and so are our finance requirements. When it comes to finding a loan product to suit your requirements, coming across the right loan product for your circumstances may prove as difficult as finding the proverbial needle in a haystack.

From somebody who has spent copious hours researching finance products in an effort to come up with the best loan product available, only to have the line in the sand move when new products were introduced while I was doing my research, DON'T waste your time. Leave it to the experts. Finance brokers get paid to know what is available to suit your circumstances. Find yourself a good broker and stick with them, as long as they serve you well.

What About The Dodgies?

Word of mouth is a wonderful tool. The 'dodgy' operators quickly get a bad name. If you aren't happy with the service you receive, don't use the broker again, don't recommend them to your friends and family and keep searching until you find a finance broker you are happy with.

Whether you're refinancing your existing loan or seeking finance for your first home purchase, your finance broker plays a very important role in the overall. Yes, you also need a good builder if you are contemplating building a new home, but without finance, you won't be able to buy or build anything, so your choice of finance broker is critical.

I Don't Know Where To Start—Help!

Why not just try our own bank? STOP. REMEMBER THIS! You don't owe your bank any loyalty. Selecting the best loan product for your particular circumstances is a business decision. You owe it to yourself and your family to make the right decision. And your bank isn't going to tell you a rival lender has a better loan product - they're simply going to promote their own products, regardless of whether they are right for you...or not.

If you're a first home buyer or have never applied for finance before, you don't have to navigate the mine field by yourself. If you try, you're just inviting trouble.

Given you're gambling on not making a mistake with what is for most of us, the biggest investment we are likely to make in our lifetime, is it really worth taking the risk? A wrong decision is likely to cost you dearly.

Ready to Purchase

Ready to purchase a property? Need a helping hand with your finance? Why not have a chat to OurNewAddress' finance team. They'll guide you through the finance maze and recommend a loan product to meet your requirements.

Not sure whether you qualify...why not do a pre-qualification check. Let our finance team establish your purchase budget. And the best thing of all is our pre-qualification assessment won't show on your credit file, so your credit score won't be impacted when you apply for finance.

Find out today... contact us at http://ournewaddress.com.au/getting-started We'd be happy to assist you with your enquiry.