First home owner tips
Marigold-first-home-owner-blog

Everything to consider as a first home buyer

It’s one of the most important and exciting times in anyone’s life – your first home. As with anything new, you may either have little knowledge or feel overwhelmed by all the information out there. Marigold not only offers you competitively priced packages by some of Australia’s top builders but is also here to guide you through owning your first home. Here are some of our top tips. 

Understanding Your Financial Situation 

Taking a holistic view of your finances requires more than just saving for your deposit, it requires a realistic understanding of all the costs associated with buying a home, from fees and stamp duty to the fact that you will be solely responsible for paying all the maintenance and upkeep of your home. This understanding will allow for a happy transition to a homeowner with minimal surprises along the way. It can be surprising to learn that a mortgage can be relative to or even cheaper than the rent you’re currently paying. Also, with record-low interest rates, it’s never been a better time to start your homeowning journey.

Your deposit matters 

The usual aim is to save up 20% of the loan value to avoid lenders mortgage insurance and make your mortgage repayments far easier in the long run, however, it is possible to purchase a home with a deposit of far less, just be aware of the extra cost you will incur. To sweeten your first home loan deal, Marigold will pay your interest for the first 12 months of your loan. The process is easy. Choose your dream lot up to $380,000 purchase price, select your builder and dream home then once your land settles you don’t have to worry about your repayments for 12 months. See here ​for more details. 

The First Home Owners Grant 

In purchasing a house and land package you stand to have quite a few benefits coming your way, from the First Home Buyers Grant (if you meet the eligibility requirements), which currently offers $10,000 for Victorian applicants buying or building a new home valued up to $750,000 to save on stamp duty – which is only paid on the vacant land, not the future house. 

Always seek pre-approval 

There is a degree of certainty with pre-approval that allows you to pursue a dream home knowing what you can comfortably afford, a mortgage that allows you to have the home and the lifestyle you desire. 

Marigold is here to answer all the questions that you’ll have on your journey to a homeowner, so give us a call on 1300 888 181 or drop on by and chat with the team at 1030 Dohertys Road Tarneit VIC 3029 

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We’ll Pay Your Interest for 12 Months

Make Marigold your new home and we’ll pay your interest for 12 months.

Our Build & Save promotion is valued up to $15K and available
on lots over 350m2.

Start your next chapter today and we will help out with the heavy lifting.

This offer expires on the 30th of September 2020