Newcastle Mortgage Broker Shares 5 Tips for Home Buyers

Brad East shares his top tips for new home buyers. 

Are you buying a new home? Looking to get into the market as a first-time buyer? Perhaps considering an investment property to make the most of negative gearing tax incentives? Award-winning property guru Brad East shares the tips you need to know.

Brad East founded  Wisebuy Investment Group in 2015 and has since earned multiple awards for the outstanding service he provides. This includes: 2019 & 2020 Better Business Awards – ‘Rising Star’ winner, 2020 MFAA Excellence Awards – ‘Diversified Business Award’ winner and several more nominations.

With a brand new office in Newcastle, Wisebuy helps people across Australia with trained and experienced Mortgage brokers and Advisors. The expert team of industry professionals work with clients to compare home loan products from over 60 lenders. Whether you are looking to buy your first home, wishing to upgrade or are a seasoned property investor, Wisebuy Investment Group is here to turn visions into reality.

Brad’s primary goal is to deliver unparalleled customer service experience and exceptional home loan advice to his long term wealth strategies. They work with clients to assist them in growing wealth through property.

Low-interest rates do not always mean the best home loan, so they work to match client requirements with the right home loan

Brad has 5 tips for first home buyers:

  1. Know what you can afford

Create a budget and work out how much you can afford each week and ensure your repayments are well under that to allow for interest rate increases. Look around, if you can’t find the right home, broaden your search area or realistically re-assess your needs and wants.

  1. Save as much as you can

Consider opening a savings account that you do not have easy access to (no internet banking). You can ask your employer to split some of your pay into this account each pay cycle so you can’t touch it. Picking up a side-hustle or creating a secondary income can also help to increase your savings and create saving goals to make the process easier.

  1. Get pre-approved

Make sure you get a full credit assessed pre-approval. Some lenders only issue system-generated pre-approvals, meaning a human hasn’t looked at it. This can cause major issues when you find a house. This will also take away some of the stress when you do finally find the home you are searching for and can spend more time on other aspects of the purchase.

  1. Take your time

Don’t fall into the FOMO trap and purchase something because you are worried you will miss out. This may cause you to overpay and waste your money. The property market is constantly changing and new houses are released every week, waiting to find what you are looking for may take time, but it will always be worth it!

  1. Do all the checks

Make sure you invest in a qualified pest and building report. Make sure the investor is a qualified tradesman. Also, take note of any damages or potential repairs that may be needed and factor this into your budget to avoid any hidden costs.

To get in contact with Brad East and Wisebuy Investment Group, find them on Instagram or send them an email at [email protected] 

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