Federal and State Governments may be handing out incentives left, right and centre, but this doesn't mean that you no longer need to prepare an extensive cost analysis before buying a home.

The costs involved in buying a property can go all the way up to 11% of the purchase price for some people. If you have a $44,000 deposit for your $400,000 home, that's your entire deposit spent on costs.

If you're a first homebuyer, the costs can be eased by the first home Owners Grant, but bear in mind that the miscellaneous expenses could really weigh on your finances.

In the current issue of Your Mortgage, we show you how to prepare for the costs ahead - so pick up a copy at your local newsagency or supermarket TODAY!

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan