First Home Buyers

Home Loans for First Home Buyers

Buying your first home is a significant and often nerve-racking process. It is a good idea to have an experienced Mortgage Broker to assist you through the finance and real estate maze – not to mention the government regulations – to ensure you find the right home loan and take advantage of all the benefits available to you.

I have worked with a lot of first home buyers and as such, have a very good understanding of your needs. To ensure the smoothest possible purchase, I work with you to identify the costs involved in buying property, establish how much you can borrow and of course which loan package suits you. I also ensure that your first home owners grant application is processed where applicable. Just as importantly, I work closely with your solicitor and real estate agent to ensure the whole process continues to flow smoothly right up to settlement.

Home Loan Pre-Approval is Essential for First Home Buyers

The market in many areas is very competitive because of the demand from first time buyers. These buyers are motivated by the lowest interest rates in 45 years. That’s why it’s essential for you to secure home loan pre-approval from a lender so you are ready to act quickly. Working closely with a good real estate agent will help you find the right property.

I know how important it is for you to be ready to negotiate when you find the home you wish to buy. I have also seen the disappointment for clients that have had their loan “verbally” approved by a lender only to find out they actually don’t qualify. A formal home loan pre-approval from a lender is the safest way to ensure you secure a property and don’t lose any money. A home loan pre-approval is quick, secure and doesn’t cost you anything. With a pre-approval in place you are in a strong position to negotiate.

Even if you think you may not qualify for a home loan right now, there are a number of things first home buyers can do to get into a good buying position.

Getting the right home loan for your finance needs is important but so is managing your loan once you have it. Make sure you meet all your repayments on time – a poor credit history restricts the choices you have in the future. If you can’t make your repayments for some reason, contact your Mortgage Broker as soon as possible to discuss your options.

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