Buying your first home to live in is one of the most exciting times of your life. There can be a few hurdles to jump as a first home buyer, so it’s important to know the ins and outs of how to obtain the right finance.
We offer advice on how to get started buying your first home and guide you through the whole process. It’s important to have the right approach, as this will build your confidence as you search for your first home to call your own.
The first step is to establish your goals as a first time home buyer. You may have been renting for some time now and want a home to call you own instead of paying off someone else’s mortgage.
There are many benefits to be had as a homeowner and also provides security for you and your family.
Finding your first home that ticks all your boxes can take some time so we arrange a pre-approval which allows you time to go shopping for that perfect home.
Saving for a deposit can be the biggest hurdle but the good news is some lenders only require a 5% deposit for your first home. It’s also important to pay off any other small debts if possible as it can increase your borrowing power. Lenders generally require you to save the 5% deposit over 3+ months as part of their lending criteria so it’s important to have a good savings history before applying for your first home loan.
There are also some lenders who allow your family to help out if they are in a position to do so. These types of loan structures are becoming more common as of late as it allows you to fast track saving for a large deposit.
Call us today for a free chat with an experienced mortgage broker and make your first home purchase a reality.
Disclaimer: Your complete financial situation will need to be assessed before acceptance of any proposal or product.
Clint Thomasson
Clint has over 14 years experience in Financial Services working with major corporates including NAB, AMP, ANZ, and AXA. With a passion for Mortgage Broking, coupled with his outstanding interpersonal skills, Clint’s drive is all about matching your needs with the right financial solution. Whilst many businesses offer Finance Broking services, the difference you’ll find with Clint is his ability to listen, engage, retain knowledge and accurately match your requirements. Not only that, but he’s also a very friendly and genuine person with a great work ethic – you’ll have full confidence that he will deliver in a timely and highly efficient manner, every time.
