I wish I was taught that at school

Over the next two weeks, Evelyn and Emily take you through a two-part series on how to buy your first home.These episodes provide a snapshot into our First Home Buyer Seminars in Melbourne, where we provide a more in-depth overview of the process, answer your questions directly and discuss specific examples.Part 1: From the initial decision to buy, to obtaining your pre approvalWhat is a mortgage broker? Why would you consider using one?Step 1 - When is the right time to sit down with your mortgage broker/banker?Step 2 - How much can I borrow? What does a bank look at to determine this?Step 3 - How does this then transfer into a purchase price?Step 4 - Putting an application together for pre approval.Step 5 - When you find "the one", how is your pre approval converted to formal loan approval?Terms discussed:If you are confused about any of the following terms mentioned in this episode, or wonder how they may apply to you, feel free to reach out to Evelyn!Assets and Liabilities, Borrowing Capacity, Lenders Mor