From Doubt to Confidence: Initial Steps with Madd Loans
Sebastian’s Take: “When I first spoke with Costa from Madd Loans, it was in a casual setting among friends and family. As a 21-year-old (then), the prospect of home ownership seemed daunting due to the expected 20% deposit and my single-income status. However, Costa quickly eased my worries and introduced me to the concept of a guarantor loan, which significantly assisted the financial burden.”
Seeking Confidence in a Broker: Why Sebastian Chose Madd Loans
Sebastian’s Perspective: “Initially, what I was unknowingly seeking was confidence. My situation was unique: I had a dual income, one from Content Creating (which is obviously not your standard income) and another from my full-time job, along with the added complexity of a guarantor loan. Costa provided the guidance and support I needed, even accompanying me to auctions and helping in negotiations. Without his support, I’d still be hesitating on the property ladder.
Expert Advice: Costa’s Tailored Guidance
Sebastian recalls Costa’s advice, “Costa simplified the complexities of home buying for me. He advised on suitable areas based on my budget, helped secure pre-approval and provided me with negotiation tips.
He even highlighted the importance of being ‘auction-ready’ —being pre-approved by a lender who has thoroughly assessed you, not just an automated system. This made a world of difference for me.”
From Pre-Approval to Property Owner: How It All Came Together
Sebastian Reflects: “Costa prepared me for each step of the purchasing process, from attending open homes to interacting with real estate agents at the auction itself.”
As Costa emphasizes, the trickiest part is not the contract conditions but deciding on the offer price. His guidance cut down the time it usually takes buyers to feel ready and confident to make an offer.
Where Is Sebastian Now?
Sebastian: “Currently, my focus is on reducing my mortgage as quickly as possible, whilst still upkeeping my travel goals for 2023.”
Costa’s Thoughts
“At 21, Sebastian’s achievement of purchasing his first house is notable. In Australia, the average first-time homebuyer is in their 30’s. His story outlines the value of having a knowledgeable and passionate broker in your corner.”
What’s Next for Sebastian?
Sebastian: “My immediate goal is to improve my property’s value through minor renovations, which will enable me to release the guarantors. This will, in turn, free up equity, paving the way for acquiring a second property within the next two years.”
Congratulations Sebastian!
A huge round of applause for Sebastian, who turned his homebuying dreams into a reality at just 21! We’re excited to see where his property journey takes him next.
If Sebastian’s story has inspired you, we’re here to guide you through your property journey. Contact us through our website at https://www.madd.com.au/contact/ or call us at 07 3899 0009. We’re committed to helping young Australians achieve financial freedom, one property at a time.
From buying your first home to refinancing, commercial or construction loans – our free service takes the stress out of getting finance. We offer our services Australia wide so why not reach out to us today. We’d love to hear from you.
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