First Home Buyers: 10 Rules You Can’t Ignore

Buying your first home does not have to be overwhelming if you know the rules. In this episode of Property Now, host Michael Carbone sits down with Aidan Hartley, founder of Owl Home Loans and self-proclaimed “First Home Buyers’ Mortgage Broker”, to unpack his 10 Commandments for First Home Buyers.From buying with as little as 0% deposit, to avoiding costly LMI, choosing the right bank, cleaning up your credit score, and knowing when to walk away from a property, these are the strategies that could save you thousands and fast track your home ownership journey.Whether you are saving for a deposit, ready to make an offer, or just starting your property research, this episode is packed with practical, no-nonsense tips that every first home buyer needs to hear.🔔 Don’t forget to subscribe to our channel for more discussions on property trends, financial strategies, and insights into the Australian property market. Hit the notification bell to stay updated with our latest episodes!🌟 If you have a question for the team, a PropTok you would like to send us or are interested in coming on the show, head over to our website to get in touch! https://www.coposit.com.au/resources/property-now📢 Found this video valuable? Give it a thumbs up and share it with friends, family, or anyone interested in saving money and getting ahead in the property market.🏠 This podcast is brought to you by Coposit, where $10k means you can buy a brand-new home. To learn more about how it works and browse properties, visit: www.coposit.com.au00:00:00 - Introduction00:00:27 - Aidan Hartley's Career Start00:01:26 - First Home Buyers vs. Investment Buyers00:02:00 - Trend Shift in Home Buying00:03:45 - The 10 Commandments for First Home Buyers00:03:47 - Commandment 1: No Need for 20% Deposit 00:08:30 - Commandment 2: Lender's Mortgage Insurance (LMI)00:10:49 - Commandment 3: Always Get Pre-Approval00:13:27 - Commandment 4: Pick the Fast Bank00:17:14 - Commandment 5: Offset vs. Redraw00:22:28 - Commandment 6: Broker Fit00:25:20 - Commandment 7: Credit File Cleanup00:32:57 - Commandment 8: Don't Overshare00:35:21 - Commandment 9: Property Checks00:40:05 - Commandment 10: Don't Panic 00:41:48 - Aidan Hartley's Experiences and Predictions