Are you ready for your first home?

How do you know if you are ready to take the plunge and get into your first home? We ask the important questions to help you decide.

If you are still stuck at home with your parents, or living in a share-house with the housemates from hell, then you might be thinking that it is time to move into your first home.
But how do you know if you are truly ready? If you answer yes to any of our questions below, then it might be time to organise the moving truck!

1. You’re smart with your money
Whether you already have some savings build up, or if you’ve managed to stay out of credit card debt, or even if you just pay all of your bills and rent on time – these are all things that will work in your favour if you need to apply for finance for a home. It also shows you are financially mature and will be ready to take on a big financial debt like your own home.

2. You are happy where you are
Do you love the city or town where you are living? If you are happy to stay settled in one spot for the foreseeable future, it might be time to put down some roots! We all hate moving, so imagine if you only had to do it once, rather than moving every couple of years as your rental agreements end!

3. You have a steady job
Stable employment is a big one, as this is something lenders will look for when you apply for finance. It also gives you more reason to settle down as you are unlikely to change jobs that require relocating in the near future.

4. You’re just over renting
Renting is exhausting. Paying off someone else’s mortgage while you are subjected to endless rental inspections, having to deal with property managers for issues with your home, and of course, having to pack and move each time your lease ends… not our idea of a fun time.

So, how did you do? Are you ready to take the plunge and get into your first home?
If your answer is “YES!” then your first step is to talk to the first home experts at Bluebay Home Loans about one of our great loan options so that you can get your finance sorted and stop renting, for good! Get in touch to arrange an appointment today!