Mortage Broker For First Home Buyers

We’re all unique when it comes to our finances and borrowing needs. Contact us today, we can help with calculations based on your circumstances

There are so many different loans available for first home buyers. We specialise in helping you to figure out how much you can borrow and what features you’d like in a home loan. Then, once we’ve found the loan that matches your needs, we prepare an application for you and take care of the paperwork. Buying your first home is a huge, exciting step, and we’re here to use our expertise in the lending space to make buying your first home simple. Get started now.

Most Australian lenders require you to have a minimum deposit of 5% – 10% of the purchase price, plus enough savings to cover your purchasing costs (eg. stamp duty and conveyancing).

If you’re not quite there yet, give us a call and we’d be happy to provide you with some pointers on saving more of a deposit or next steps. There are also some great resources on our blog to help you save a deposit to buy your first home.

There are so many different loan products, some with lower introductory rates, so we really need to talk to you to understand your needs, before we can quote your repayments. Talk to us today to see what’s currently on offer from our lending partners. We’ll work with you to find a loan set-up that’s right for you.

Most lenders offer flexible repayment options to suit your pay cycle. We recommend that you aim for weekly or fortnightly repayments (as opposed to monthly). In doing so you will make more payments in a year, which will shave dollars and time off your loan.

What’s wonderful about using a first home mortgage broker in Australia, is that it costs you nothing. The banks pay the brokers for their referral.

Grants and first home buyer mortgage schemes are always changing and vary by state. You can visit government websites such as the Queensland revenue office for up to date details of what’s available.

Yes! Give us a call on 1800 115 626 or get started online.

We can assist you with finance in person or remotely via phone calls or zoom. We are not restricted by location, so give us a call wherever you’re located.

Sunshine Coast suburbs we service include…

Caloundra Area:

Maroochy area

Yes! Give us a call on 1800 115 626 or get started online.

This first home owners grant is available to Australian citizens or permanent residents who wish to buy or build their first home, which will be their principal place of residence within 12 months of settlement. Contact us to find out more about eligibility requirements in your state and how much grant money you could receive.

There are a number of fees and costs involved when buying your first home, or any property. To help avoid any surprises, the list below sets out the most common costs:

• Stamp duty — This is the big one. All other costs are relatively small by comparison. Stamp duty rates vary between state and territory governments and also depend on the value of the property you buy. You may also have to pay stamp duty on the mortgage itself. Ask your Loanright Mortgage Broker to estimate your possible stamp duty charge.
• Legal/conveyancing fees — Generally around $1,000 – $1500, these fees cover all the legal requirements around your property purchase, including title searches.
• Building inspection — This should be carried out by a qualified expert, such as a structural engineer, before you purchase the property. Your Contract of Sale should be subject to the building inspection, so if there are any structural problems you have the option to withdraw from the purchase without any significant financial penalties. A building inspection and report can cost up to $1,000, depending on the size of the property. Your conveyancer will usually arrange this inspection, and you will usually pay for it as part of their total invoice at settlement (in addition to the conveyancing fees).
• Pest inspection — Also to be carried out before purchase to ensure the property is free of problems, such as white ants. Your Contract of Sale should be subject to the pest inspection, so if any unwanted crawlies are found you may have the option to withdraw from the purchase without any significant financial penalties. Allow up to $500 depending on the size of the property. Your real estate agent or conveyancer may arrange this inspection, and you will usually pay for it as part of their total invoice at settlement (in addition to the conveyancing fees).
• Lender costs — Most lenders charge establishment fees to help cover the costs of their own valuation as well as administration fees. We will let you know what your lender charges but allow about $600 to $800.
• Moving costs — Don’t forget to factor in the cost of a removalist if you plan on using one.
• Mortgage Insurance costs — If you borrow more than 80% of the purchase price of the property, you’ll also need to pay Lender Mortgage Insurance. You may also consider whether to take out Mortgage Protection Insurance. If you buy a strata title, regular strata fees are payable.
• Ongoing costs — You will need to include council and water rates along with regular loan repayments. It is important to also consider building insurance and contents insurance. Your lender will probably require a minimum sum insured for the building to cover the loan.

A specialist mortgage broker for first home buyers will access all the government grant and deposit schemes available to you, allowing you the best financial leverage possible. They’ll explain the lending process, including the terms and the risk. They’ll help you understand what you can afford and prepare all loan documents and paperwork required for your application. Theri service costs you nothing.