Melanie O'Connell

First home buyers in Narellan, Campbelltown & Camden

Buying your first home is an exciting step, it’s your opportunity to stamp your character on a place, create wonderful memories and invest for your future.

It might seem like a distant dream, but with our help, it is a reality that’s just around the corner. Melanie from Mortgage Choice in Narellan will guide you through the entire process and answer any questions you may have!

Plus, Melanie will help you determine if you're eligible for any government grants, such as.

First Home Guarantee Scheme

We can help you achieve an allotment in the First Home Guarantee Scheme the benefits you get from this federal incentive is, it will help to reduce your contribution to only 5% of the purchase price + purchase costs.

First Home Owner Grant

To help 'boost' your funds to complete as you are a first home buyer in NSW you are entitled to New home First Home Owner Grants $10,000 (must be new build), these funds can go towards a contribution of your purchase, if you are buying an owner occupied property.

First Home Buyers Assistance Scheme

For new and established you may be entitled to First home buyers assistance scheme which reduces or waives NSW stamp duty costs.

Need help savings for a deposit

Please investigate the FSSS Scheme this tax effective way of making pre-tax contributions to your superannuation fund to help boost your deposits for a first home. Funds which can be claimed for settlement of your new home.

Family Pledge or having a Guarantor

If you don't qualify for a Scheme, a Guarantor can held you avoid lenders mortgage insurance (LMI). Simply put this is where a person (a relative) allows you to use up to 25% of their own properties equity to help support your loan.

To find out if you're eligible for any grants, simply get in contact with your local mortgage broker in Narellan, Campbelltown & Camden. Call Melanie on 02) 4627 7447.

What steps are involved in buying your first home?

1. Budget & Save
Plan your budget to see how much you can afford to repay, and set a plan to start saving for a deposit.

2. Establish your capacity
Meet with our team of brokers from Mortgage Choice Narellan & Campbelltown to discuss your finance options and work out how much you can borrow

3. Choose your loan & lender
Work with us to select the right loan for you and request loan pre-approval. As your mortgage broker, we will take care of the application and paperwork.

4. Operation dream home
Let the fun commence! You now get to search for your new home, safe in the knowledge of how much you can afford to spend.

5. Assess and inspect
Organise building and pest or strata inspection on the home of your choice.

6. Make an offer
To buy through a real estate agent, make an offer and begin negotiating on price. To buy at auction, place a bid and hold your nerve!

7. Sign & exchange contracts
Once an offer has been accepted, contracts are signed and exchanged. At this stage, you will pay your deposit, usually 10% of the purchase price.

8. Cool off
You now have a few days to change your mind about the purchase. If you back out, you may forfeit some of your deposit. There are regional differences in cooling-off periods, and if you have bought at auction, you won’t have the option. Auction purchases are final!

9. Settle & celebrate
Settlement usually occurs four to six weeks following the exchange of contracts. The keys are handed over, and you are officially a home owner!

Renting vs Buying?

"We want to say thank you for all your help and advice over the past year. We couldn’t have done it without you and the process has run so smoothly because of your tireless efforts. Would definitely recommend you to anyone needing a Mortgage Broker."

- A. Higgerson

As your mortgage brokers in Narellan, Campbelltown & Camden, we can help you find the best home loan for your needs. Book your free appointment today by calling Melanie 02) 4627 7447.

As your local mortgage broker in Narellan, we can help you with: