Buying a house is more than just an investment… it is a place to call home and create memories that will last a lifetime. However, buying property is a big decision and it can be hard to know where to start – especially if you are a first-time buyer! Fortunately, your bank will guide you in the process and give you all the important information you need to help you to buy the home of your dreams!
Applying for a Home Loan
The first and most important step before you buy a home is to make sure you qualify for a loan. To qualify for a home loan:
Important to remember
As a rule, your monthly home loan instalment should not be more than 30% [WG1] of your gross monthly salary. You also need to remember that you will have other expenses on top of your home loan instalment every month – you will have to budget for things like insurance, rates and taxes, water and electricity.
Take the next step…
Talk to your bank about the types of Home Loans they offer. Find out upfront how much your monthly bond repayment will be, how much interest you will have to pay and what your options are. Then you can take the next step to becoming a proud home owner!
Next article: The cost of buying a home
Join our international team and you could move your career forward from the start.
Bank wherever you are.