Want to go from renting to ownership in 2022?

Get home loan pre-approval

Home loan pre-approval can help make sure you don't miss out on securing your dream property when the time is right.

Most pre-approvals will be subject to you finding a suitable property. While you’re not obliged to take the loan, having pre-approval shows sellers you’re serious about buying.

Some lenders offer an indicative pre-approval online. While this isn't a formal pre-approval, it can be a useful guide as to whether the lender is likely to pre-approve you for the loan.

Be prepared to wait

With demand outweighing supply in the current property market, those looking to buy this year may need more patience.

And because buying a home is a big investment that comes with high changeover costs, you want confidence in your purchase decision.

Seek advice

From upfront buying costs to taxes, mortgage applications and settlement requirements, there’s a lot for first home buyers to learn before making any big decisions.

Speaking with a mortgage or finance broker can help you understand the buying process, get your finances in order and find the right home loan for your circumstances.

If you’re ready to step on the property ladder in 2022, contact a Liberty Adviser today.