10 First Home Buyer Mistakes That Cost You $200,000+ (Avoid These)

Buying your first home? These are the 10 most common - and most expensive - mistakes first home buyers make in Australia, and exactly how to avoid each one. From paying Lenders Mortgage Insurance when you don't have to, to missing your settlement statement, these traps can quietly cost you well over $200,000 over the life of your loan. Watch before you sign anything. Chapters: 00:00 Intro - the $108k couple who got blindsided 00:52 Mistake 1: Your credit card LIMIT (not balance) 02:30 Mistake 2: The question to ask your partner tonight 04:09 Mistake 3: Car loans & novated leases 05:34 Mistake 4: Afterpay & Buy Now Pay Later 06:46 Mistake 5: Pre-approval is NOT approval 08:39 Mistake 6: Adding parents to the loan 10:15 Mistake 7: Paying LMI when you don't have to 11:47 Mistake 8: Tenanted property & the lease trap 12:49 Mistake 9: Settlement statement surprises 14:15 Mistake 10: Fixed vs variable - the honest answer 15:46 Recap & free borrowing capacity assessment 📚 My Free Resource Hub & Education Community 👉 https://go.huntergalloway.com.au/hub 🤝 Need home-buying help? Work with me: https://go.huntergalloway.com.au/free-assessment 📈 Find out your borrowing capacity today: https://www.huntergalloway.com.au/mortgage-calculator/ For more info https://www.huntergalloway.com.au/ DISCLAIMER: Full Disclaimer here – https://www.huntergalloway.com.au/youtube-disclaimer/ https://www.huntergalloway.com.au/mortgage-broker-brisbane/ For home loan enquiries https://www.huntergalloway.com.au/contact/ Find Jayden here: https://www.huntergalloway.com.au/free-assessment/ https://www.facebook.com/MortgageBrokerBrisbane/ https://www.huntergalloway.com.au/mortgage-broker-brisbane/ https://au.linkedin.com/in/jaydenvecchio T: 1300 088 065 E: https://www.huntergalloway.com.au/contact/ Mortgage Broker Brisbane - Hunter Galloway Head Office: Level 10, 179 North Quay, Brisbane QLD 4000 PO Box 12780, George Street Brisbane QLD 4003 CBD Office: Level 20, 300 Queen Street Brisbane, QLD 4000 Hunter Galloway are an Award Winning Mortgage Broker based in Brisbane. We help clients from our local area, Australia, and all over the world. We believe buying a home should be stress-free and uncomplicated, and we will work for you to make your dreams become reality. Next steps and settling your first home Our team here at Hunter Galloway is here to help you buy a home in Brisbane. Nathan & Joshua Vecchio are Senior Mortgage brokers who specialise in making your home journey easy. Unlike other mortgage brokers who are just one person operators, we have an entire team of experts to help make your home loan journey as simple as possible. If you want to get started, please get in touch and we can book a time that suits you – either a phone call information session or a face to face meeting (which doesn’t cost anything for you). https://www.huntergalloway.com.au/contact/ Hunter Galloway Finance Pty Ltd T/A Mortgage Broker Brisbane - Hunter Galloway ABN 20 605 252 926. Credit Representative 476903 is authorised under Australian Credit Licence 389328. Your full financial situation would need to be reviewed prior to acceptance of any offer or product.