5 Key Questions to Answer Before Buying Your First Home

by | Jun 11, 2024

Dreaming of owning your first home?
Wondering how much you really need to save?
Confused about how to get in the market and when to take the leap?


At Finselect, we love to help guide you through this process.


Here are 5 questions to help you get clear on your next steps and to see if you’re ready:


πŸ“ Stable Income: Do you have a reliable and steady source of income?

πŸ“ Savings: What do you have for a down payment and related costs?Β 

πŸ“ Credit Score: Is your credit score in good shape to qualify for a mortgage?

πŸ“ Debt-to-Income Ratio: Is your debt manageable compared to your income?

πŸ“ Emergency Fund: Do you have a reserve for unexpected expenses?


Pro tip 1: Get clear on these things way before you even start thinking about looking at property. Why? Having the end goal in mind will make the path much easier to navigate.
Pro tip 2: Consult with a trusted broker (like us) to have someone guide you through the planning stage. We can help you better understand your options and talk about things you might never have considered, such as guarantor loans and rentvesting.


Ready to take the next step? Contact us today for your get-ready-to-buy plan.Β 
Christian Paterson, Auctus Coaching

Christian Paterson

Director, Head Coach

I love nothing more than helping hardworking brokers to work smarter and enjoy their business while growing an incredibly profitable and efficient operation.