FIRST HOME BUYER LOANS
What an exciting time this is! Buying your first home is a major milestone in life – but can also be overwhelming – We are here to make this easier for you.
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Buying your first home is one of the biggest financial decisions you'll make, therefore getting the right home loan is key. That’s where we step in; we assist first home buyers to secure the best possible home loan rates and navigate the complexities of Government Grants, Stamp Duty, Transfer Fees, Lenders Mortgage Insurance and more.
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First-time home buyers are in a special position to capitalise on special offers, interest rates and financial bonuses. Our specialised team makes sure you take full advantage of all benefits offered to you.
The Loan Process
01
Getting to know
We will go over everything you need to know, including how much down payment you require and whether you qualify for the first-time homebuyer's rebate. We'll also look at your borrowing power to determine which home price brackets to consider. In most cases first home buyers can buy with as little as 5% deposit.
02
Making an offer
Once you’ve found the home you want and signed the contract of sale. You’ll need to pay a refundable deposit to the real estate agent to secure your offer as soon as you sign.
03
Your home loan application
We will set-up a meeting to understand your needs, so we can research the right home loans for you and provide you with loan recommendations best suited to your needs. Our mortgage specialist will handle the entire application process for your home loan.
04
Approval!
Our mortgage specialist will go over research results and home loan options with you. Understanding your home loan is crucial, so we'll take the time to go over the interest rate and fees, offset account, and money management. Once you’ve signed the application and while you pop the champagne, we’ll keep track of your application to ensure it all runs smoothly.
05
Settlement
Get excited, that home is almost yours! Settlement will be arranged by your solicitor and the bank. Enjoy the moment; we'll let you know when everything is settled, and your lender has released the funds.
FIRST HOME OWNER GRANT
Check with us to find our if you’re an eligible first home buyer in Australia. For those who qualify, the First Home Owner Grant (FHOG) is a fantastic bonus for budgeting the purchase of a first home.
Because the regulations and grant value vary by state, consult a mortgage broker to determine your eligibility for the FHOG. They will also assist you in better planning the purchase and ensuring that everything is done correctly.
