Buying your first home is a significant milestone, filled with excitement and questions. As a first home buyer, understanding the benefits available to you can make the process smoother and more affordable. My role as your mortgage broker is to help you navigate these opportunities, find the right loan product, and secure the best outcome for your unique situation.
1. Access to Government Grants and Incentives
Many first home buyers can access valuable government grants and incentives designed to ease the financial burden of purchasing a home. These may include:
- First Home Owner Grant (FHOG): A one-off payment to eligible buyers purchasing a new or substantially renovated home.
- Stamp Duty Concessions: Discounts or exemptions on stamp duty, which can save thousands.
- First Home Loan Deposit Scheme: Allows eligible buyers to purchase with a smaller deposit without paying lenders mortgage insurance.
I can help you understand which schemes you qualify for and how to take advantage of them.
2. Lower Deposit Requirements
Thanks to various lender options tailored for first home buyers, you may be able to secure a home loan with a deposit as low as 5% (subject to eligibility). This reduces the upfront cash needed and helps you get into the property market sooner. I’ll work with you to explore suitable loan products that align with your financial position.
3. Tailored Loan Features
First home buyer loans often come with features designed to support your journey, such as:
- Offset Accounts: Reduce the interest you pay by offsetting your savings against your loan balance.
- Flexible Repayment Options: Make extra repayments when you can, helping pay off your home sooner.
- Redraw Facilities: Access extra repayments if needed for unexpected expenses.
I’ll guide you through these features to ensure your loan works for you.
4. Expert Guidance and Support
Navigating the home buying process can be overwhelming. From pre-approval to settlement, I provide personalised advice, answer your questions, and liaise with lenders on your behalf. This support is invaluable, especially for first-time buyers unfamiliar with the property market.
Ready to Take the First Step? If you’re a first home buyer looking to understand your options and benefits, get in touch with us.
24/7 Customer support : 1800 467 959
