The battle between first home buyers and investors is heating up, according to leading mortgage broker Loan Market.
As a solution to heated competition, Loan Market Director Mark De Martino says having a pre-approved home loan could be all it takes for first home buyers to get ahead in the competitive auction market.
"Pre-approval gives a purchaser the confidence to know exactly what their limits are and what going above their target price range will do to their repayments," he said in a November 7 statement.
Getting pre-approved also gives you a competitive edge over the other buyers, as you'll have your finance set and ready to go!
When financing a Carnegie real estate purchase, it's best to seek out expert advice. By talking to an experienced mortgage broker, you can ensure your home loan product is suitably matched to your financial situation and needs.
Loan Market is an international mortgage brokering service that has helped more than 29,000 Australians secure home loans worth a total of $6 billion last year alone.
Whether purchasing your first home, an investment property or refinancing, Loan Market can help are the experts who can help you secure the right loan for your needs.
With access to over 800 different loan products from a wide panel of banks and secure lenders, you can be confident with your Loan Market mortgage broker.
For further advice and information on financing your first real estate purchase, contact Matthew Hurlston at Ray White Carnegie today.