Ready to Buy a Home? 3 Things to Do Before You See a Mortgage Broker

There are three things you can do before you look to apply for a home loan, around about three to six months before you approach your mortgage broker. 

1. The first is start to save as if. You've already got the mortgage and that is the amount that you need to put aside for the repayments and the property expenses. And when you do that, you're physically preparing yourself, the discipline of putting that money aside so you don't have to wait until you get the mortgage to find out if you can afford it or not. 
2. The second thing you can do is tidy up your room, tidy up your fiscal situation. Get rid of the small debts, get rid of the small personal loans, the after pays, the little bit of credit card debt that you might have. You've got a small hex balance, really consider getting rid of it because all those things will reduce your borrowing capacity. If not, it will also make it a bit harder when you do get a home loan to repay those items and also your new mortgage or your home loan as well. 
3. The third thing is do your research. If you do your research, you're more prepared and the time comes when you speak to your mortgage broker and start to look for a property, you know what you're looking for. Do your research where you wanna live. Do your research on what you want, how many bedrooms, is it an apartment or is it a house? The location, how close to the train station? Do you need parking? 

So by the time you come to have the conversation with your mortgage broker and put an application in, you know your budget, you know what you want, so the whole process becomes a lot easier.