Saving For Your First Home
Step 1: Saving a Deposit
The first step is for us to help you find out how close you are to buying your own home. You will be required to contribute a percentage of the purchase price of a property as a deposit.
Tips for saving for your deposit:
- Keep your savings separate from your money used for day-to-day living expenses by opening a separate account. E.g. Greater Bonus Saver Account.
- To remove the temptation of easy access to your funds, have a passbook only account.
- Arrange for the money you plan to save for your deposit to be taken directly from your pay and credited to your savings account.
- Set short-term and long-term goals as reaching them gives you a sense of achievement and encourages you to keep saving.
Step 2: Pre Approval
More on Pre Approval
