MenuCall Us

Purely Finance

(08) 9453 8888

(08) 9453 8888

  • Home
  • Home Loans
  • Mortgage Broking
  • Finance
    • Business Financing
    • Car & Equipment Financing
    • Investment Loans
  • Financial Planning
    • Building Wealth
    • Superannuation & Retirement
    • Personal and Business Insurances
    • Newsletters
  • Property Investing
  • Calculators
  • News
  • Why Us
    • Team
    • FAQs
    • Customer Reviews
    • Downloads
      • First Home Owners Grant
  • Contact
    • Feedback and Complaints

Understanding the Basics of Borrowing

Taking out a home loan is sometimes necessary for the purchasing of property in Perth but it’s important to understand exactly how the system works to make the process easier and protect yourself from being duped. To be a smart borrower, it’s important to realise how loans would practically work for you and what that means for any of your Perth purchases. If you can learn how to effectively work your finances with your loans, property buying will be a much smoother process.

Timing and Affording

The first question to ask yourself when going to mortgage brokers in Perth for a loan is whether you can afford it or not. Odds are that if you are looking for a new home, you probably can, but it is a good idea to take stock of your finances anyways. Maybe there is a better option for you rather than borrowing money.

Checking your credit score and making it healthier will increase your chances of getting a better loan if you need to. Try to calculate what kind of income you will be generating in the near future and to only take a loan that you know you will be able to pay back with relative ease.

Problems with Repayment

Paying back a loan often comes with more problems than trying to get one in the first place. When going for a mortgage or other financial product, remember to keep in mind what you can afford so that you aren’t tricked into buying something that you can’t.

If you do borrow money, make sure to keep your monthly payments at a manageable amount so that not all of your income will go into it. You’d like to keep some luxuries and it’s easy to get bogged down with too big of a mortgage for something you really can’t repay.

The Financial Game

Buying property and taking out loans may seem like a very scary process but it isn’t as hard as you might think to stay ahead. Remember to only take out what you know you can afford, both now and in the near future and keep monthly payments manageable.

Do this and everything should work out well. To find out about how our financial planners in Perth can help you, call (08) 9472 9766.

Find Out More

  • Home Loans
  • Mortgage Broking
  • Financial Planning
  • Investment Property
  • Finance
  • Building Wealth
  • Superannuation & Retirement
  • Personal and Business Insurances

Our Location

Links

  • Privacy Statement
  • Home Loans
  • Mortgage Broking
  • Financial Planning
  • Property Investing
  • Growing your Wealth by Investing
  • Superannuation & Retirement
  • Personal and Business Insurances
  • Feedback and Complaints

Contact Info

Purely Finance Pty Ltd - Australian Credit License 384337

Purely Finance is an accredited member of the Professional Lenders Association Network Australia (PLAN), a full member of the Mortgage and Finance Association of Australia (MFAA) and a full member of the Australian Financial Complaints Authority (AFCA).

VISIT US

Level 1, Suite 29 133 Kewdale Road Kewdale, WA 6105

PHONE

Phone: (08) 9453 8888
Fax: (08) 9453 8899

EMAIL

E-mail: enquiry@purelyfinance.com.au

Contact Us