To speed up the process of securing your land and building your home in enough time to secure the HomeBuilder grant, our advice is to establish exactly how much you can borrow and how much you want to borrow.
Knowing how much you can borrow is the best place to start. You simply can not effectively explore land choices and home choices without knowing exactly what you can (or are willing to) invest.
A mortgage pre-approval from a couple of months ago should be updated as a lot has changed in a short period of time with significant implications in relation to “jobkeeper” and “jobseeker”.
If you are relying on this grant to form part of your deposit, check with your lender first as many lending institutions do no consider the grant as part of your house deposit.
You really need to speak with a Lender or Mortgage Broker who can help you properly understand your position.
So, as the first step in building a new home this year, get in contact with a finance broker or your bank and find out exactly what is available for you.
Appointments with finance professionals are also booking out fast, so reaching out now is a great idea.
If you would like, we can provide local recommendations. We also have a number of contacts in finance that can assist with DHOAS Loans for Defence Members.