Finance

Some hints on home finance

There are many things to consider when financing a new home:

	How much can you afford to borrow?
	How much do you need or can you comfortably afford to use as a deposit?
	How much are the various fees and charges, (stamp duty, loan application fees etc.)?
	How much can you afford to repay, and still have an enjoyable lifestyle?

Comments from customers over the years suggest that it is better to borrow as much as you can comfortably afford, for as long a term as possible. This will ensure that you can meet your repayments now, and then as your earning capacity increases, you can pay off your loan a little faster.

It is also often easier to have one loan that includes such things as paving, landscaping, floor coverings and curtains. A loan that includes all the finishing touches means the home is complete.



Sources of home finance

Today, there are a number of sources of home finance. This provides you with a choice, so select the one that offers you the sort of conditions that suit you best.

You can choose from banks, building societies, credit unions, superannuation funds and more.

Or you may prefer to use the services of a finance broker, who will help you find the home loan best suited to your needs.

Note: Rossdale Homes is not a provider of investment advice. If you are in any doubt, you should seek expert financial assistance from an appropriate source.