First home buyers | South Melbourne & South Yarra

Taking the first step towards owning your own home is both exciting and a little overwhelming. But the rewards are outstanding. The team at Mortgage Choice South Melbourne & South Yarra can take the stress out of the process with expert advice and support. 

Figuring out how much you can borrow

One of the first steps is figuring out how much you can borrow so you can get out there, budget in hand, to find your first home.
While this can sometimes be a stressful step, we can help you! Mortgage Choice South Melbourne & South Yarra will go through your budget in detail, and figure out not only what the banks will lend to you, but what the repayments will be and how to structure it correctly.

Real story: Overcoming a decline as a First Home Buyer


Some of our home loan calculators:

Stamp duty calculator Use this home loan calculator to find out the stamp duty payable on your property purchase in your state or territory.

Compare Interest Rates Use this home loan calculator to compare home loans from different lenders based on interest rates, loan terms and fees etc. 

What can I afford to borrow Use this home loan calculator to calculate what you can afford to borrow based on your current financial situation.

Basic loan repayments calculator By using this home loan calculator you can work out what your minimum weekly, fortnightly or monthly home loan repayments would be for the amount you can afford.

LVR Calculator Your Loan to Value Ratio (LVR) is the proportion of money you intend to borrow compared to the value of the property. Use this home loan calculator to figure out what your LVR is.

"The team at Mortgage Choice South Melbourne went above & beyond to help me with a loan for my first home. They helped make the process simple and were able to get approval on a loan with a great rate & features incredibly quickly. Every aspect of the experience with them has been wonderful, with excellent communication & detailed answers to all my questions. I highly recommend them.


[ Brendan Fisher, South Melbourne ]

The first step: Getting pre-approval

If you haven’t yet found the right home, we can help to organise pre-approval so you can shop for your new home with confidence, knowing exactly what you can afford and that you're ready to go.
And when you've found what you're looking for, we will prepare all the paperwork and support you at every stage through to settlement. 

Apply for incentives

The VIC government has some fantastic incentives for First Home Buyers to help you get into your first home. This can include a Grant for first home owners, as well as significant discounts on stamp duty - all helping you get into your first home for less.
The team at Mortgage Choice South Melbourne & South Yarra will let you know whether you’re eligible for government incentives such as the First Home Owners Grant (FHOG) and help with the paperwork, right through to settlement.

Not sure what a guarantor loan is and how it can help you? Find out more here.


Our other home loan resources:

We have a range of home loan resources, to help you feel confident through the home loan process. To get started:

We would love to help you

We would love to help buy your first home. Chat to Paul & his team in South Melbourne & South Yarra by calling 9681 8182 or click on the Contact us button at the top of the page.

We look forward to chatting to you! Your local home loan experts for Albert Park, Middle Park, South Melbourne, Port Melbourne, Southbank, Prahran, Toorak, South Yarra, Kooyong, Armadale and surrounds. 

Photo by Kelsey Chance on Unsplash

Contact us today.

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