How to Get a Home Loan in Australia in 2024 (Step by Step Process for First Home Buyers)

Navigating the Australian property market as a first home buyer? This step-by-step guide breaks down the entire home loan process for 2024 including the importance of mortgage brokers!

In this video, we'll cover: • Pre-approval explained • Understanding Lender's Mortgage Insurance (LMI) • The role of mortgage brokers • Household Expenditure Measure (HEM) and how it affects your borrowing power • Loan-to-value ratio (LVR) and its importance • The valuation types (desktop vs. in-person)

Whether you're a first-time property investor or looking to buy your dream home, this comprehensive guide will help you navigate the complex world of property finance in Australia.

** Please note this is not financial advice. For personalised advice, always consult with a licensed financial professional. **

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