First Home Buyers

Home Loan Options for First-Home Buyers

We understand that buying a first home is always a big decision, but there are plenty of sweeteners aimed at helping first homeowners buy a place of their own sooner. Some of the top reasons why now could be a great time to get into the market include:

Buying your first home puts you on the property ladder. Providing you with a secure home.
First home buyers can enjoy a helping hand (first home guarantee scheme, first home owner grant, stamp duty concessions).
Various lenders are offering incentives exclusive to first-home buyers to assit your success

How much can you borrow with a guarantor?

While a guarantor can help you in your home buying journey, having a guarantor does not mean that the amount you can borrow will increase. Your borrowing capacity can be determined by taking into account your income, liabilities (credit card, personal loans etc) and expenses to understand the amount of a loan you can service with your remaining income.

With a guarantor loan, you can borrow 100% of the property purchase price or even slightly above that in some special cases, as long as your income is enough to repay the required loan.

A guarantor loan can have many benefits including:

Help you get onto the property market sooner
Unlock better loans with more favourable rates
Buy a property as early as now (you may not need a deposit)

Want more information?

If you would like to do some of your own research first, make sure you check out our home loan resources below!

To arrange an appointment, call Michelle Schaafsma or Jeff Fullick at 0488 858 056 or Schedule a callback

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The right home loan for your first home

Our mission is to find the right home loan for your individual needs and to always have your best interests at heart. Plain and simple. Which is why we have such a wide range of lenders to choose from. We can search through hundreds of products to find something tailored to your situation. ~