Taking out a mortgage is one of the biggest financial decisions you’ll ever make, which is why it’s important to ensure all of your bases are covered. A financial advisor can help tailor an income protection/insurance package to help eliminate any gaps for unplanned events such as falling ill or having an accident where you may not have a sufficient amount of leave to cover you. It’s a scary situation, but a responsible plan to have when taking out a new mortgage.
Financial advisors can also assist with budgeting tips, help you establish your short and long term financial goals and make you aware of additional strategies, such as first home buyers super contributions, which can help you save on tax whilst boosting your deposit.