Buying Your Next Home

Buying Your Next Home

Stage 1: Do Your Sums

The first step towards buying your next home involves a little self-examination. You need to assess the impact of buying a new home on your cash flow.

This is very important because you need to consider the additional cost of owning a new home such as:

• Additional loan repayment
• Cost of selling your new home
• Stamp duty cost on the purchase of new house
• Insurance cost
• Additional council rates
• Additional maintenance cost
• Additional repairs and maintenance cost
• Renovation cost

You also need to make sure that you can afford to hold onto your existing property in case you are not able to sell your existing property immediately or prior to buying your new property.

We’re here to help you

Dealing with banks can be a stressful experience but rest assured that our mortgage broker based in Glenelg (but our mortgage broker services the entire Adelaide Metropolitan area) can help you make the right decision about your mortgage. We will guide you at every stage of your loan process.

Contact us on 08 8376 0455 or drop into our office at 593 Anzac Highway, Glenelg SA 5045.

Next Stages

Stage 2: Set Your Goals and Dateline

Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.