First home buyer
Start your property ownership journey, explore home loan options.
Purchasing your first property is an exciting journey, filled with both opportunities and challenges.
Our dedicated team is here to guide you, ensuring you comprehend the various options available and assisting you in securing an appropriate home loan. You may qualify for the First Home Owner Grant, designed to help Australians fund their first home purchase or construction.
Before attending your first “Open Homes,” it’s crucial to understand your budget and determine your spending limit.
Discuss pre-approval with us, and our team will assist you in searching for, selecting, and finalising your loan. Reach out to us today.
Key Features:
- Deposit Requirements: First home buyers may access loans with lower deposit requirements, sometimes as little as 5% of the property value.
- Government Schemes: Various government incentives, such as First Home Owner Grants or stamp duty concessions, can reduce upfront costs.
- Loan Options: A range of mortgage products are available, including fixed-rate, variable-rate, and split-rate loans, catering to different financial situations and preferences.
- Lenders Mortgage Insurance (LMI): Required for deposits less than 20%, LMI protects the lender in case of default but adds to the loan’s cost.
Considerations:
- Affordability: Assess your budget to determine how much you can realistically afford to borrow without overstretching your finances.
- Additional Costs: Factor in other expenses associated with buying a home, such as conveyancing fees, building inspections, and moving costs.
- Interest Rates: Our job is to investigate the interest rates available and compare them across different loan products to find a competitive rate that suits your budget.
- Loan Features: We’re going to look for loan features that offer flexibility, such as the ability to make extra repayments or access to offset accounts.
Role of a Broker
As a broker, we provide guidance and support tailored to first home buyers, helping to demystify the home-buying process. Our services include:
- Market Knowledge: We offer insights into the latest loan products from a range of lenders, ensuring you’re aware of all available options.
- Personalised Service: By understanding your specific needs and financial capacity, we can identify loan solutions that align with your goals.
- Application Process: We assist in preparing and lodging your loan application, ensuring all necessary documentation is in order and compliance with lender requirements is met.
- Communication: We act as the point of contact between you and lenders, managing negotiations and correspondence to streamline the approval process.
- Ongoing Support: From pre-approval to settlement, we provide continuous assistance, answering questions and offering guidance throughout your finance journey.
If you’re ready to take the next step, please reach out to our team today.
