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Sorting out your home loan: What are the benefits of organising your finances early?

By Jamil Allouche

There are a lot of things should be taken care of before you begin looking for property in Brunswick. Some of these may be more important than others, but the most crucial to organise as soon as possible is your home loan. Knowing how much you're able to borrow towards a property will help streamline every other process involved. 

So, speaking with a financial expert as soon as possible is your best bet for a smooth, seamless transition into a new home. After all, once you know how much you're able to borrow towards your dreams, you can begin cutting down your list of potential candidates into a great short list of brilliant homes for you and your family. 

What type of home loan should you look for?

When it comes to what type of home loan to consider, as a first home buyer it's often recommended to get a fixed-rate home loan. This is simply because having this type of loan fixes the interest rate, which will help you to plan your payments. The repayment amount remains steady and devoid of any market influences – giving you the chance to focus solely on getting debt-free as quickly as possible. 

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