Episode 126 - First Home Buyer Pre Approval: The Biggest Mistake Buyers Make Before House Hunting

DescriptionShould you start scrolling through realestate.com.au before speaking to a mortgage broker?In this episode of the First Home Buyer Program Podcast, Maryanne Elliott explains why getting a First Home Buyer Pre Approval should be your very first step before attending open homes or making an offer.Many first home buyers fall in love with a property before they know exactly what they can borrow.Unfortunately, this often leads to disappointment when the numbers don't stack up.Maryanne breaks down how lenders assess your borrowing capacity, why two people earning the same income can have very different borrowing limits, and why there's a big difference between the maximum you can borrow and what you should borrow.She also explains why a fully assessed First Home Buyer Pre Approval can give you greater confidence when you're ready to make an offer.Whether you're just starting your home ownership journey or already searching for your dream home, this episode will help you avoid one of the most common and costly mistakes first home buyers make.In This Episode You'll LearnWhy a First Home Buyer Pre Approval should come before house hunting.What banks really look at when assessing your borrowing capacity.Why your borrowing power is about more than just your income.The difference between the maximum you can borrow and what's comfortable to repay.Why a fully assessed pre-approval provides greater confidence when buying your first home.Resources MentionedRead our blog: First Home Buyer Pre Approval: Avoid This Common MistakeLearn more about the First Home Buyer ProgramBook a free strategy session with 360 Mortgage SolutionsConnect with 360 Mortgage SolutionsBuying your first home doesn't have to be overwhelming.At 360 Mortgage Solutions, we help first home buyers understand the process, compare lenders and secure the right home loan with confidence.Visit our website to access free resources, educational guides and information about the First Home Buyer Program.If you're ready to understand your borrowing power, we'd love to help.Keywords - First Home Buyer Pre Approval, Home Loan Pre Approval, First Home Buyer Australia, Borrowing Capacity, Mortgage Broker, First Home Buyer Tips, Home Loan Process, Buying Your First Home, First Home Buyer Podcast, Fully Assessed Pre Approval.