First Home Buyers
Buying your first home can be a daunting task, especially without proper guidance. Our Mortgage Brokers will not only arrange your home loan, but will be happy to answer all your questions relating to the process. We can provide you information on Government incentives, guarantor loans, and strategies to ensure your applications success. We recommending starting by reading this article, but if questions still persist, please message or call us.
Our services are free to you, and we can arrange an obligation-free pre-approval for you with one of our 25 lenders.
|We can help with:|
|How much you can afford to borrow.|
|Helping explain the entire buying process to you.|
|Getting you a free pre-approval if needed.|
|Helping you understand the FHOG and Stamp Duty Concessions.|
|Finding which lenders will be most likely to approve your loan application.|
|Helping you decide the best home loan for you.|
|Completing the finance application for you.|
|Keeping you updated throughout the entire process.|
Frequently Asked Questions
How much do you charge?
For pre-approvals, home loans and general consultations: $0.
What do I need to apply for a home loan?
Every situation is different, but all most people will need a 5% deposit and a regular source of income. The bank will look at your assets, liabilities, income, expenses, and general lifestyle when assessing your home loan application. If you are self-employed you should expect to be asked for 12 – 24 months of financial documents.
How much do Home Loans cost?
Home loans have no upfront costs in many cases; however, they can have upfront fees of up to $600 or more depending on what home loan product you are looking for. Your home loan broker will walk you through this.
How long does it take to get a Home Loan?
This depends. If you are looking to get your home loan in a hurry, we have lenders that can approve home loans in only 24 - 48 hours. If you are looking for the cheapest interest rate, it may take 10 – 20 business days.
How much do I need for a deposit?
In most cases, just 5% will do. You will however often need about $3,000+ to cover other expenses such as solicitors and Government charges.