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News Corp Australia Network
Have you considered taking the plunge and moving in with your partner? Picture: Supplied
Director of Aus Property Professionals Lloyd Edge. Picture: Supplied
One of the biggest hurdles that an individual will face in their property journey is obtaining finance. If you apply for a mortgage with your partner, there is a higher chance of approval, as your combined income will lead to a more competitive interest rate and a larger borrowing capacity.
If both of you have a stable income, it could increase your chances of getting home loan approval. Picture: Sarah Matray
Property is an emotional investment, as you’re choosing a specific area and dwelling that will become a huge part of your life. Setting up a future and making a lifelong commitment to a person is a huge milestone that you should be proud of.
One of the properties Mr Edge bought as part of his investment portfolio. Picture: Supplied
Be sure to be aware with the potential downsides of shared property ownership too.
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Maddy and partner Sam purchased their first house and land package for about $650,000. They have opted for a variable rate home loan. Picture: Mark Stewart
Lloyd Edge with his wife and their child. Picture: Supplied