It’s Time to buy your First Home!

You’ve been thinking about it for some time now; and you’re tired of waiting. Now’s the time you’re going to buy your first home, and sure that’s a really big step, but we’re going to go over a few quick things just to let you know that you’re heading in the right direction at the right time!

When is the right time to buy you first home?

First; how do you know it’s the right time? You hear everyone these days saying the market has gone to pot, and nothing is affordable anymore. This just isn’t as true as they’d make it sound. In fact interest rates are actually the lowest they’ve been in years. That’s where you get the affordability. The rates on a particular house are always going to fluctuate and often people don’t consider the asking price of a house worth it etc. but it’s not just about the price of the house.


So can you really afford the buy your first home right now? Many just think in terms of how much the home costs when it comes to affordability, but in actuality you should be looking at the interest rates on mortgages. As we just said, interest rates are at the lowest point they’ve ever been so that is causing quite the stir. Reports have even shown that now only 30% of an annual median family income is required for most home loans. Compound those tidbits with the fact that now every lender offering home loans is now vying for your business; you’ve got all manner of competition and incentive being brought forward to bring you into their offices as opposed to another when you’re looking for your loan.

Using a mortgage broker to help you with the tough stuff

So you’ve got affordable interest rates for your mortgages on your side; you’d got the dream of home ownership within your grasp; your next step should be to talk to a mortgage broker. They’ve got all the inside knowledge you need to make sure you can find the best home for your future. The world of home ownership, lending rates and other such entanglements can be a dizzying and trying affair; mortgage brokers can make this voyage all the easier and get you into your dream home faster!

So by all means; take your plans and dreams out and see what’s out there for you in Perth and the surrounding area if you like. Find your dream home, or describe it to a mortgage broker and let them find it for you (they have a knack for that sort of thing) because now is the time to buy your first home! Don’t let it be a dream anymore; let it become a reality, after all even the lenders are on your side on this one!

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