Our mortgage brokers will be right by your side
Buying you’re first home can be daunting and complex. We can help you get your head and finances around everything. And save you mountains of time, money and stress along the way.
Make your life (and loan hunting) easy
We’re here to answer all your questions and explain how the whole home buying, loan-getting process works – in simple language, not baffling finance jargon.
Share sound advice and firsthand experience
We’ll give you guidance to make wise decisions – not just as expert brokers, but young home buyers who have been in your shoes and made good property moves.
Track down the right loan
Whether you need a loan to go home hunting (pre-approval) or have found your dream nest, we’ll compare home loans from up to 25 lenders to secure the right one for you.
Apply for first home buyer incentives
You could be eligible for First Home Owners discounts and incentives. If so, we’ll let you know and get it all sorted for you.
Support you at every stage
We don’t just organise great loans. We’re by your side when you need us all the way from your very first bashful question to settlement delight and years to come.
We do it all for free
Our mortgage broker services and expertise doesn’t cost you anything. Seriously. The lender you choose pays us a commission out of their money once your loan is settled. Nice, huh?
Popular home buyer questions answered
What can I afford?
Well this is an open ended question, but probably the most important. There is no point shopping around in suburbs you can afford, it will only be wasting your time. How much you can afford comes down to your “borrowing capacity”. You borrowing capacity is calculated by taking into consideration current financial situation. There are lots of determining factors but here are the four biggies;
1. Income and commitments
2. Deposit
3. Credit history
4. Lifestyle and living expenses
How much deposit do I need?
Banks will say 20% deposit is a great start. By paying 20% deposit you will avoid paying Lender’s Mortgage Insurance (LMI). How much deposit you will need comes down to the strength of your financial situation and how much debt you can service. The very minimum you will need is a 5% deposit (don’t forget about the purchase costs of buying).
If you don’t have a 20% deposit don’t worry that is one of our specialties, and we love a good challenge so give us call today
What are the costs of buying a home?
Buying costs is something not everyone accounts for. People don’t realise that all the purchase costs can add up to a substantial amount. As a quick rule of thumb I like to allow 5% of the purchase price will cover all the expenses.
For example if the property costs $500,000 then expect purchase costs to be roughly $25,000. This figure will vary depending on what state you are purchasing in and what the loan amount will be. If you would like a more exact figure than we will be able to assist you.
Should I go fixed or variable loan?
Interest rate movements have always been hard to predict, but even more so now that more lenders are acting independently of the RBA. No expert or physic knows what the future holds for interest rates you need to do what will work for you.
Fixed rates will give you consistency for a certain time period and variable rates will give you the flexibility should your situation change. Or, if you’re a fence sitter than a popular option could be that you do a split of both fixed or variable.
