First home buyer | Mortgage broker Bondi, Potts Point & Woollahra

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Buying your first home in Bondi and the surrounds

Buying your first home is a monumental undertaking, both mentally and in terms of your finances. That’s why Kate is there for you as your Bondi mortgage broker, to guide and support you through this process. From completing your application all the way through to settlement, Kate will answer all of your questions and use her considerable problem-solving skills to find you a personalised finance solution. There’s no need to worry about any stage of your home loan application, because Kate will make everything as simple as possible for you.

Getting home loan pre-approval

Pre-approval can be particularly helpful for first home buyers, as it gives a concrete budget to work with. There are also numerous other benefits to take advantage of, including

Allowing the final finance process to run smoothly
Helping prevent overbidding
The opportunity to plan your repayment amount in advance
Appearing as a more serious buyer to the seller

And securing your pre-approval doesn’t have to be difficult when you work with Kate as your mortgage broker. All of the difficult paperwork is taken care of for you, and she will keep you informed as your application progresses. Pre-approval can last for several months while you find the perfect home, so get in touch with Kate as soon as you are planning to purchase.

Using a guarantor to buy a home

If you are buying a home with less than 20% of the property price as a deposit, you will generally need to pay the dreaded cost of LMI. Fortunately, you can avoid this additional cost using several methods, including having someone guarantee your loan. Your guarantor acts as security on your loan, allowing you to get into the property market sooner with a smaller deposit. However, this decision also carries significant weight, as your guarantor will be responsible for your loan if you are unable to pay it. If you want to learn more about this option, contact Kate or download our free guide.

Download your guide to guarantors