First Home Buyers

Your home loan will likely be one of the biggest investments of your life. It’s crucial to obtain thorough research and support when making this decision. At C U Thru Finance, we are here to assist you in choosing the right loan for your unique circumstances.

First Home Buyers

Here’s how we can help:

Budgeting and Borrowing

If you’ve never rented before and are still living at home, owning your home for the first time comes with many overlooked daily living expenses. We ensure you have an accurate and detailed budget that considers all expenses associated with purchasing and living in a
property, including stamp duty, council rates, and other fees.

We can help you identify these additional costs. If you don’t already have one, ask us for our budget planner.

Budgeting and Borrowing

We can help you identify these additional costs. If you don’t already have one, ask us for our budget planner.

Considerations for Buying Your First Home

Type of Property: Freestanding house, townhouse, or unit?
Condition: Renovated or one requiring renovation?
Size: How many bedrooms do you need?
Amenities: Pool, second bathroom, or extra garage if your budget allows?
Essential Features: What do you need now and what can come later?

Decide your priorities and the personal activities and indulgences you’re willing to trade off to save money.

Considerations for Buying Your First Home

Type of Property: Freestanding house, townhouse, or unit?
Condition: Renovated or one requiring renovation?
Size: How many bedrooms do you need?
Amenities: Pool, second bathroom, or extra garage if your budget allows?
Essential Features: What do you need now and what can come later?

Decide your priorities and the personal activities and indulgences you’re willing to trade off to save money.

Location Matters

Invest in a property in an attractive street in a popular suburb with easy access to transport, shops, and schools. Consider the aspect of the property: north-facing kitchens and outdoor areas are highly desirable. Look for a nice outlook, street appeal, and plenty of natural light. Ensure it will be easy to sell if your needs change. Inspect the property at different times of the day to assess factors like morning sun or peak-hour traffic. Think about how the property can grow with your lifestyle.

Research Your Area

Attend many property open inspections and research online to understand property prices in your desired location. If you can’t afford your dream home in your preferred suburb, consider adjacent, more affordable suburbs.

Location Matters

Research Your Area

Account for All Costs After Purchase

A mortgage is a big commitment that may require changes to your regular spending. First- time homeowners often overlook budgeting for utilities, insurances, maintenance, and even initial stocking of the fridge and pantry. Don’t stretch your budget to the limit; account for potential interest rate increases and unforeseen expenses. Maintaining the same repayment when interest rates drop can help you pay off your loan faster and build a buffer for future rate rises.

Consider Loan Options

Choose a loan product that best suits your needs and spending habits. Numerous products are available, and it’s essential to find one that helps you reduce the loan faster, avoiding the high costs of long-term debt. Our guidance is invaluable in finding the right product for you.

Account for All Costs After Purchase

Consider Loan Options

Seek Help if Needed

If circumstances change during your loan term, such as illness or job loss, we can help negotiate a proactive solution with your lender to protect your best interests. Don’t hesitate to ask for help.

Be Careful Who You Listen To

You’ll receive advice from friends and family, but ensure it’s backed by evidence. Share this feedback with us to verify its accuracy.

Get Excited!

Owning your home is one of life’s most exciting experiences. At C U Thru Finance, we’re here to make this journey as smooth and rewarding as possible.

First Home Buyers