Alan’s home plan pays off

Sunday Herald Sun - - News -

YEARS of hard saving have set Alan Coignet on the path to achieve his goal of buy­ing his own home.

“I was for­tu­nate enough to put a saving plan in place and stick to it to put my­self in a po­si­tion for a de­posit,” he said. “Seventy per cent of the time I was liv­ing at home and the rest of the time I was out on my own. It’s a heap harder to save when you’re out of home, es­pe­cially liv­ing with mates — food, drinks, Uber — but I saved enough and am now look­ing to put a de­posit down.”

But he says there were some hic­cups along the way.

“The mort­gage lenders in­surance was the big­gest prob­lem I ran into — when you have less than 20 per cent for a de­posit, they charge you a pretty big fee in one go.”

Alan Coignet said liv­ing at home helped him save for his first house. Pic­ture: DAVID CROSLING

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