Brogan looks around her spacious light-filled three bedroom home in the pretty coastal town of Forster, NSW and smiles remarking, ‘I’m very lucky’.
But luck doesn’t come into it. It was Brogan’s hard work, patience and determination that saw her purchase her home last year and provide a secure future for herself and her young children.
When Brogan first decided she wanted to buy her own home she didn’t have enough saved for a deposit but by getting in touch with IBA early, she had help to set her goals and make a plan.
‘I got in touch with IBA and spoke to Cathy,’ says Brogan. ‘She helped me sort out what my options were and how much I needed to save. It was really straightforward.
‘I did want to own my home and didn’t think it was an achievable goal,’ she says. ‘My living costs made it hard to save for the deposit as I was paying $450 a week rent for my house. So, I moved in with my parents for 18 months to save money. It was hard living with my parents again and especially with having my toddler. But it was worth it.’
Once Brogan got close to her savings goal, she got back in touch with IBA and soon had her loan approved to buy her home which she moved in to in July 2016.
‘I love the new home, it’s so good owning my own place,’ she says. ‘Even just to be able to put up a painting without asking permission and just to know I am not paying dead rent is really rewarding.
‘Most importantly I know I am going to leave something to my kids in the long run.’
IBA home loans are targeted to Aboriginal and Torres Strait Islander first home buyers and have affordable interest rates, low deposit requirements, no mortgage insurance and a supportive application process.
Cathy Post, Principal Home lending Officer at IBA says: ‘Being able to assist customers like Brogan is very rewarding and I am pleased she has achieved her home ownership dream.
‘Even if, like Brogan, you haven’t got enough deposit saved to buy a home when you first get in touch with IBA, we can help you set your goals to work towards getting into home ownership.’
Brogan agrees, ‘If you really want something, do it,’ she says. When I first moved in to my parents I set myself a goal and I have now gained my own home. Thank you IBA for giving me a good go at being a home owner.’
Find out more about IBA’s Home Loans.