Home Loans

As a first home buyer, you can obtain finance (a loan) from a financial institution either to purchase or secure against the property, with our assistance.

Features of a mortgage such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan and other characteristics can vary considerably. It’s always best to speak with a professional mortgage broker to discuss your options.

Contact us today to get started.

Things to consider when buying your first home

How much can you afford to borrow?

The first step in buying your first home is to work out how much you can afford to borrow. This will give you an idea of the price range of properties you should be looking at.

There are a number of things to consider when calculating how much you can afford to borrow, including:

– Your income

– Your current debts and expenses

– Your savings

– The type of loan you choose

– The interest rate on your loan

How much deposit do you have?

The next step is to calculate how much deposit you have. This is the amount of money you’ll need to put towards the purchase price of the property.

The amount of deposit you’ll need will depend on a number of factors, including:

– The price of the property

– The type of loan you choose

– The lender you choose

– Your income and savings

What are the ongoing costs of owning a home?

Once you’ve bought your home, there are a number of ongoing costs to consider. These include things like council rates, water rates, insurance and maintenance.

It’s important to factor these costs into your budget so you can be prepared for them. Our mortgage brokers can help you calculate the ongoing costs of owning a home and find a loan that meets your needs.

What features do you need in a home loan?

There are a number of features to consider when choosing a home loan. These include things like the interest rate, the term of the loan, the repayment options and the fees and charges.

It’s important to compare these features before you choose a loan. Our mortgage brokers can help you compare home loans and find the one that’s right for you.

Are you eligible for any government incentives or grants?

If you’re a first home buyer, you may be eligible for government incentives or grants. These can help you with things like the deposit, the stamp duty or the costs of buying a home.

First home buyers

Need some help getting into your first home?

If you’re thinking about buying your first home, our team of experienced mortgage brokers can help. We’ll work with you to find a loan that meets your needs and budget.

Contact us today to get started.