Get Up and Grow : 2012
Buying your first home? 3 This is one of the biggest financial commitments of your life, and saving for the deposit is only the first part of a long journey. Once you’ve done this you have to find a home, find the right loan, and work out how you are going to juggle your lifestyle while financing repayments. Here are some things to consider before you sign on the dotted line: Can you afford your home loan – While it’s tempting to want to get the biggest loan you’re granted by your lender, it’s important to be honest with yourself about your financial situation so that you don’t end up with a loan you can’t service. It’s a good idea to go through a thorough budget with a financial adviser to ensure you don’t over- extend yourself. Protect your asset and your loved ones - Now you have a big debt, it’s important to cover yourself financially against accident and illness. Just think: if something were to happen to you and you couldn’t work, how would you pay your mortgage, let alone juggle bills and medical expenses? A financial adviser can help you find the right protection plan to protect your most valuable assets – your home and your loved ones. Listen to Julia’s story play Click here to view a comparison chart showing the cost of insurance for your most valuable assets.