The process of buying a home can be stressful for first time buyers, especially given the gravity of the decision being made. After all, it isn't every day you decide to purchase property in Carlton – so you'll naturally want to take your time and find the right place for you and your family.
One great thing to consider looking into is getting your home loan pre-approved. This can help you save time and speed up the process of successfully buying your desired property once you find it, rather than going through the motions afterwards and potentially missing out on the home.
As the name pre approval suggests, speaking to a mortgage broker or lender before you start your property search means they can take a look at your finances and give you a general idea of how much you could borrow towards your property goals.
Getting this type of pre-approval can help direct your search as well, giving you a ballpark figure to narrow down your real estate shortlist and work within your own budget limitations. It's always worth checking out your borrowing potential before moving into your local market, giving yourself that extra bit of wiggle room when searching for property.