Buying a home is exciting — but getting the right home loan is just as important. Before you dive into house hunting, here are five key things you should know:

1. Understand Your Budget

Before applying, get a clear idea of how much you can borrow and comfortably repay. A mortgage broker can help you assess this accurately.

2. Know Your Credit Score

Your credit history affects your loan approval and interest rate. Check your credit report and fix any issues in advance.

3. Save for More Than a Deposit

Besides your deposit, you’ll need to budget for stamp duty, legal fees, and other upfront costs.

4. Pre-Approval Gives You Power

Getting pre-approved helps you understand your buying power and makes your offers more credible to sellers.

5. Compare More Than Just Interest Rates

Look at fees, features, and flexibility. A lower rate isn’t always the better deal.

Need help navigating your home loan journey?
Contact Kamal at Mahant Loans for expert, personalised guidance — and take the stress out of buying your next home.