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Steve Chin - Your Local Home Loan Expert

 

Embarking on the path to becoming a first-time homebuyer is a significant achievement, signifying a substantial financial commitment. While the process of acquiring a home may seem daunting, it can also be an enriching and seamless journey when armed with the correct information and support. Purchasing your first home involves various considerations, spanning from financial planning and saving to selecting the ideal location and property type.

Having access to valuable tips and guidance becomes crucial for those venturing into homeownership for the first time. Our objective is to furnish you with the essential knowledge and resources needed to make well-informed decisions throughout every phase of your homeownership journey, ensuring you approach this crucial step with confidence and preparedness. 

 

 

 
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First home buyer's guide

Purchasing your first property can be an overwhelming process and there may be steps you are unsure or unaware aware of. This guide will walk you through all of the steps involved in the buying process.

Download now

   

 

The appointment process

  


Book an appointment

Starting with a chat, we'll find out what you are trying to achieve and how your loan fits into your financial and lifestyle goals. We'll then let you know what information and documentation you will need to provide to progress your enquiry to a personalised appointment.


Getting to know you

You will receive an email containing a secure link to access your MyHub portal. Through this portal, you can securely submit essential information and documents to us. Standard documents include identification, proof of income, and bank statements.


Launch your journey

Once your information is received, your mortgage specialist will give you a clear picture of your current position and recommend suitable lending products to achieve your financial and lifestyle goals as part of your comprehensive consultation.

 

 

  

Ready to talk to someone?

With over 65+ 5-star Google reviews from our lovely clients, check out what our clients say about our award-winning service.  Our experienced and dedicated team are here to guide you through the process so contact us to get started today! 


Book an appointment Call: 08 8270 5138  What to expect at your appointment

 
 

First Home Buyer FAQs

The amount you can borrow, commonly known as your borrowing capacity or borrowing power will be determined based on your unique set of financial circumstances. Your income, assets, liabilities and credit history can all affect your borrowing power. How much money you can borrow will also differ from lender to lender.

Our home loan calculator will give you an initial idea of how much you can borrow. Your local Mortgage Choice broker can give you a complete individual assessment of your situation.

We can help you find which of the hundreds of home loans offered by our panel of lenders will best suit your needs. Consider the questions in choosing the Right Home Loan to see which loan features are likely to be most important to you.

 

The deposit required depends largely on the type of home loan and, of course, the lender you select. As a general rule, if you are an owner-occupier you’ll require 5-10% of the purchase price as a deposit. Some eligible first home buyers can get a deposit as low as 5% under the Government's First Home Loan Deposit Scheme, click here to learn more.

If you are an investor, you’ll ideally require 10% of the purchase price, although it's possible to purchase with less.

Mortgage Choice has a savings calculator you can use to help you determine the amount you need to save each month and how long it will take to reach your desired deposit.

The First Home Owner Grant scheme is a one-off payment which varies by state or territory (from $10,000 up to $30,000) to assist eligible first home owners with purchase or construction costs. 

Find out more about the FHOG in your state: 

 

Stamp duty is a state government tax based on a property's selling price. Each state or territory has different rules and calculations; some states offer discounts or exemptions to first home buyers. Stamp duty can be a significant additional cost when buying property.

Use our stamp duty calculator to get an idea of what you will need to pay.

 

If you're ready to buy your first home you may be wondering what government help is avaible.

In this video we explain the different Government Grants and incentives available to first home buyers, including the First Home Owner Grant, Stamp Duty Concessions and the First Home Loan Deposit Scheme.

 
 

If you're ready to buy your first home you may be wondering what government help is avaible.

In this video we explain the different Government Grants and incentives available to first home buyers, including the First Home Owner Grant, Stamp Duty Concessions and the First Home Loan Deposit Scheme.

 
 

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