Knowing the basics of the procedure of applying for finance is important for you and more so if you are a first-time buyer of a real estate property in Western Australia. Some of the important points are as follows: 1. Think about the amount you want to borrow and rate of interest: Lenders use a standard income tests for calculating the amount of money, a borrower is eligible to borrow. However, a greater challenge is how comfortable you are to make the repayments after managing other financial commitments. For nearly the last 5 years, the Reserve Bank Australia has kept…