Buying your first home is an exciting experience. It’s also one of the biggest commitments you’ll ever make. Realising a major life dream like buying property is a lot easier with the support of people who’ve been there before you.
Come in and chat to one of Tassie’s experienced and accredited mortgage consultants. We’re here to guide you through the whole process of buying your home, to make it as simple and clear as possible.
Owning your own home brings many wonderful financial and personal benefits.
There’s the advantage of replacing rent payments with a tangible investment in a property of your own. As your property increases in value, so will your financial security, independence, savings and tax benefits. Building equity in your property can also provide the finance for other investments or create savings to help fund your retirement.
Then there are the personal benefits a place you can call your own, a secure environment for you and your family, and a house you can adapt to fit your personality and lifestyle.
To decide if home ownership is for you, it’s important to understand the responsibilities of buying a home, as well as the benefits.
Buying a property will mean a significant financial commitment, so think about the effect this will have on your disposable income and your lifestyle. Most loan periods are between 25 and 30 years and you need to be sure you can service your loan payments and manage any increases in interest rates.
In the early years of owning your home, when your equity is low, the financial advantages to you are small. But as your equity increases, the balance will swing heavily in your favour.
Download our e-guide to have the biggest investment of your life sorted!