Taking out your first home loan can be a daunting experience. However, if you're looking to take this plunge as a newlywed couple, it can be easier. Having someone there as moral support will be a great way to help navigate the whole experience.
Of course, with the two of you involved, this means taking an extra opinion into consideration. With your new union, considering your partner's opinion about things that will affect you both is something you need to take to heart.
It's different from taking out your own home loan and purchasing real estate alone. For one, you have the option of accommodating a family into the property in the future, which means ensuring you both find the place comfortable and appropriate for raising kids in.
Furthermore, finances could be strained following your wedding. Sitting down with your new life partner and discussing your budgeting options thoroughly, while making an airtight plan that you will both adhere to, will be the best way for you to achieve property success in the long run.
This is where finding the perfect house can help. By having an idea about exactly how much the two of you will need to save towards a deposit will allow you to begin seriously saving and chipping away at the overall down payment.
Seeking out professional financial advice could also help you to get your finances in order. Discussing the options open to you with both your partner and a third party will ensure you notice any loose ends or holes in the plan.
But after all is said and done, having a family home for you and your partner will be a symbol of your new life together.
You can contact a Smartline Mortgage Adviser on 13 14 97 for home loan advice. Or complete our call request form and we'll call you!
DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.