Uno Homeloans founder Vincent Turner shares financial advice every first home buyer needs to know
Buying your first house doesn't need to be a daunting experience – and with the right guidance, you'll be equipped with the tools you need to create a sound financial plan.
Recently I had the opportunity to chat to Uno Homeloans' Vincent Turner about some of the financial considerations first home buyers should take into account. Vincent covered everything from loan pre-approval and boosting your borrowing power to mortgage maintenance as well as sharing some of his top financial tips.
Watch the interview:
00:22 - How do you decide when is the right time to buy a house?
01:31 - How to identify a good time in the property market cycle
02:24 - How can you boost your borrowing power?
05:40 - How much should you spend on a mortgage?
07:53 - What is an offset account and how does it work?
09:43 - What happens if you want to set up a business but you have a mortgage?
10:58 - What are the benefits of getting home loan pre-approval before beginning your property search?
12:46 - What are your top 5 financial tips for first home buyers?
More from Vincent Turner: Two key lender changes you need to know about before you get your loan
First home buyer guides
First Home Buyer Guide (24 simple steps)
