They say that it’s better to own than to rent. The idea of paying monthly home rentals is not quite as attractive as paying monthly mortgage fees. Home rental is like throwing your money down the drain. You spend a specific amount of money but you will only place a roof over your head temporarily. Paying mortgage fees, on the other hand, is much better with the knowledge that the money you will spend will actually place a roof over your head permanently.

1. Tired of Looking for the Right Home Rental
in Perth – Why Not Look Into Perth Home
Loans Instead?
© The Mortgage Gallery Rockingham

2. They say that it’s better to own than to rent. The idea of paying monthly home rentals is
not quite as attractive as paying monthly mortgage fees. Home rental is like throwing
your money down the drain. You spend a specific amount of money but you will only
place a roof over your head temporarily. Paying mortgage fees, on the other hand, is
much better with the knowledge that the money you will spend will actually place a roof
over your head permanently.
Even with the high prices of home rentals in Perth, many residents are still daunted with
the thought of owning a house. Why?
 High Mortgage payments
 Down payments
 Credit history
 Council rates
 Utility fees
 The list goes on
Now is a great time to buy a home in Perth and it’s the best time to look into Perth
mortgage rates. Brokers at The Mortgage Gallery Rockingham want to help you look at
each of these areas a bit closer to put things into perspective.
Mortgage Payments
If you want a home loan, Perth banks can assist you with it or you can also seek the
services of mortgage brokers. The problem is going to the wrong mortgage provider will
cost you a big amount of money. That is why Perth and surrounding area residents
often come to The Mortgage Gallery Rockingham for advice about the best mortgage
plan. Your monthly payment could be less than you expect, particularly if you can get a
decent down payment together.
Down Payment
Having a down payment of 5% or 10% of the property price might be acceptable but a
15% to 20% down payment will make a big difference. You will be paying lower monthly
mortgage fees thus saving you money. It’s not always easy to come up with a bigger
amount of down payment though; this will require an aggressive budgeting campaign on
your part.
© The Mortgage Gallery Rockingham

3. Credit
Your credit history can be a barrier to securing favourable terms for your mortgage.
Brokers in Perth and the surrounding area are often willing to check your credit
situation. They recommend that you personally check what you look like on paper
before you apply for home loans to any mortgage provider. There may be options for
people with a poor credit history but the truth is, the better you look on paper, the higher
odds for getting a home loan approved.
Perth Council Fees and other Extra Expenses
It is but natural to be paying Perth Council Fees and other extra expenses when
acquiring a property. It is also wise to stash away a large sum for unexpected home
repairs or even renovations. You might see this as a liability in owning a home. But just
bear in mind, 100% of your rental will never be retrieved while 100% of your mortgage
payment will give you a house which can add up to your financial asset.
Now is the perfect time to look into different options when buying your first home
in Perth. Mortgage brokers at The Mortgage Gallery Rockingham are available for your
needs. Take time to review your options to save a lot of money on home loans. Come to
us, we can help.
© The Mortgage Gallery Rockingham