The client was a young couple with two young children. In their situation money was a bit tight and the clientfound it difficult to save alot of money at once. The client was not even sure if they could enter the housing market. We thenproceeded to meet the client and chat about their financial situation. After doing that, we decided that with their deposit situation they needed more time to save some money. We then came up with a savings plan to achieve that. We decided on how much to put aside each month and to not touch any of that money. This is so that when the bank looks at it, it would be viewed as genuine savings. Letting the client know what grants were available to them and which ones they were eligible for is also an extremely important step in the process. After looking at the available options, the client decided it was a better decision to build their house instead of buying it. This is because they can then use the first home buyers grant.
To find out the whole story without missing any details, be sure to watch the video above. For more information on getting your first home or investing in your first investment property, check out Rise High TV, or read more about home loans, construction loans, debt consolidation to pay off your existing debts, or refinancing to save money and achieve your financial dreams and goals sooner!
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