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PLANNING YOUR FIRST HOME OR NEXT HOME?

•By Rachel Hutchinson
Put Your Best Foot Forward and Get That ‘YES’
Preparation is everything. Getting a ‘No’ from the bank can be disheartening, but it doesn’t have to be the end of the road. With the right planning, guidance, and a team behind you that’s focused on your success, a ‘Yes’ is absolutely within reach.
Every buyer’s situation is different, there’s no one size fits all approach.
At McCallum & Co, we don’t offer cookie-cut solutions – instead we work with you to build a personalised plan which gives you more control, more clarity and more confidence with your home buying journey. 
Our tips to help you get that YES!
Know your numbers
Understand what you can realistically afford. Use our free online budgeting tools to best know your current financial commitments and assess your outgoings. Our online calculators can also give you a guidance.
Have a budget
And keep to it. Banks want to see that you have a track record of success and can live within your means. A consistent and clear budget shows financial discipline and builds your credibility as a borrower.
Have a savings plan​
Regular savings, even small amounts will help support your financial stability. A one-off lump sum won’t cut it.
Familiarise yourself with the buying process
Team up with a local real estate agent and attend open homes and auctions. The more confident you are with the buying process the more prepared you will be when it comes to buying for yourself.

Get your pre-approval 
This is essential to ensure you keep to your price range but also gives you the go ahead to act when the right home comes up.

Have your support crew 
We are not here just to crunch numbers, we are here to support you during the entire journey and beyond. We build relationships to help you now and in the future. We connect you with the right professionals and provide you options tailored for your individual situation.

Connect with a team that does things different. 
A common trap is assuming you’ll get the same result from every lender. But each bank assesses applications differently. We know the criteria, we know the right questions to ask, and we know how to package your application to get it across the line.

Whether you’ve been turned down before or you’re just getting started, the right plan can make all the difference. Our team is here to help you map out a strategy that’s realistic, smart, and tailored to you. With McCallum & Co – a previous no from the bank is just the start of our plan to get you a ‘YES’

This article aims to offer a brief overview of the home loan process and does not claim to be exhaustive or offer tailored advice. We recommend you book a consult with us for tailored advice.

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