What is a buyer's market?

Are you considering becoming a first-time homebuyer? It's an exciting venture, but one that requires careful planning and a clear understanding of your financial capabilities. Think about it: Do you know what you can truly afford when it comes to mortgage repayments each month?

For first-time buyers, the home loan application process can feel quite overwhelming but if you are prepared for all the financial questions ahead you will be in a much better position to have your bond approved.

If you are thinking about going from renting to owning a home, there are a few things you need to consider before taking the big step.