Posted in First Home Buyers

Navigating the world of home loans can be overwhelming, especially for first-time buyers. With numerous lenders offering a variety of mortgage options, it’s crucial to find the right one for your financial situation and goals. A mortgage adviser like us can help simplify the process. Contact us today to discuss your options.BOOK NOW1. Principal and interest loansMost home loans consist of two key components: principal (the amount borrowed) and interest (the cost of borrowing). A principal a...

Buying your first home is an unforgettable experience. There’s nothing like the thrill of hearing that settlement has gone smoothly and that you own your very own home.If you’re an aspiring homeowner who is struggling to save a deposit, there may be other options to get you over the line and into your first home sooner. A guarantor loan is one of them.To understand more, book an appointment with us and we're more than happy to assist you. BOOK NOWA guarantor loan is where a relative, ...

In May, the Federal Government delivered the 2024-25 budget. It included several measures such as energy bill relief and rent assistance aimed at easing the cost-of-living pressures on Australians. For aspiring homebuyers, there are a few important announcements to be aware of that may help you get into the market sooner rather than later. Let’s take a look. Help to Buy Scheme funding The government allocated $5.5 billion towards its shared equity Help to Buy Scheme in 2024-25 for as...

Purchasing your first home is an exciting milestone, but saving 20% for deposit – particularly if you’re also paying rent and navigating cost-of-living pressures – can feel like an impossible mission. To understand your options, BOOK NOW. Consider options like Lenders Mortgage Insurance (LMI) to help achieve your dream of homeownership. Let's discuss the basics of LMI and answer some FAQs: 1) How does LMI work? LMI is a type of insurance that a lender take...

Getting ready to buy a home starts with saving for the deposit. It might seem challenging, but with a solid strategy, you can make it happen. To help you understand your options, BOOK NOW. Here are several things to consider to get you started and on track for home ownership sooner than you think. 1) Set a Realistic Savings Goal Determine how much you need for a home deposit based on the property you want to buy and your lender's requirements. Typically, a deposit of at least 20%...