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Buying your first house doesn't need to be a daunting experience – and with the <a href="https://www.urban.com.au/guides">right guidance</a>, you'll be equipped with the tools you need to create a <a href="https://www.urban.com.au/guides/-how-much-are-you-required-to-save-for-a-house">sound financial plan</a>.

Recently I had the opportunity to chat to <a href="https://unohomeloans.com.au/">Uno Homeloans</a>' Vincent Turner about some of the financial considerations <a href="https://www.urban.com.au/guides/first-home-buyer-guide-24-simple-steps">first home buyers</a> 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:

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/xX1Nxv3kD_U" width="660"></iframe>

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: <a href="https://www.urban.com.au/news/two-key-lender-changes-you-need-to-know-about-before-you-get-your-loan">Two key lender changes you need to know about before you get your loan</a>

<h2>First home buyer guides</h2>

<a href="https://www.urban.com.au/guides/first-home-buyer-guide-24-simple-steps">First Home Buyer Guide (24 simple steps)</a>

<a href="https://www.urban.com.au/guides/how-to-navigate-australias-first-home-buyer-grants">How to navigate Australia's First Home Buyer Grants</a>

<a href="https://www.urban.com.au/guides/20-things-you-should-look-out-for-before-you-buy-property">20 things you should look out for before you buy property</a>
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