HOMEBUYER MISTAKES you can avoid
New Idea|January 02, 2023
HERE'S EVERYTHING YOU NEED TO KNOW
Andrew Winter
HOMEBUYER MISTAKES you can avoid

As someone who bought his first home at the age of 18 (with a questionable home loan and very little deposit), I had a youthful sense of enthusiasm that I was doing the right thing. It helped that I had already spent 12 months in a property environment, so I was aware of what I was doing – but for those who aren’t, what should you beware of?

WATCH OUT FOR HIDDEN COSTS When it comes to extra costs, stamp duty is often the most crippling additional charge that people forget to factor in. If you have less than a 20 per cent deposit, you should also watch out for LMI (lenders mortgage insurance), which can be in the thousands.

Diese Geschichte stammt aus der January 02, 2023-Ausgabe von New Idea.

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Diese Geschichte stammt aus der January 02, 2023-Ausgabe von New Idea.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.