First Home Loans | Mornington & Mt Eliza

Are you excited about buying your first home, but not sure how to get started? Our team in Mornington & Mt Eliza are here to help you through every step of the process, from figuring out your budget through to getting the keys to your very first home.

Working out your budget

The first step in the process is working out your budget and how much you can afford to spend and repay. Have a look at our handy home loan calculators here to do some preliminary sums on your borrowing capacity, stamp duty and more.

Mortgage Choice Mornington can help you put together some more detailed figures based on your income, living expenses and debts. Based on your detailed figures, our team will then do the shopping around for you from our panel of over 20 lenders, presenting a few options to you with the right rate and features.

Figuring out what incentives you're eligible for

The VIC government has some incentives available to help first home buyers purchase their first home. They include significant discounts on stamp duty, as well as a first home owners grant and possible other cash backs. Our team will figure out which ones you're eligible for (so you don't have to) and make an application on your behalf. 

Check out our blog on the newest incentive: What we know about the federal government’s First Home Loan Deposit Scheme

"Sally was a friendly and trustworthy face in an otherwise daunting time for us first home buyers. No question was too silly and Sally did her best to inform us to the best of her abilities. Sally was the key to help us sleep at night." [K.Noble, First Home Buyer, Mornington]

Getting pre-approval

Pre-approval is the next part of the process, allowing you to get a conditional green light from your chosen lender. This means that you can confidently bid at auction and make offers on properties you like - confident in your upper limit.

It can also give you a great bargaining chip with real estate agents, who will ask if you are pre-approved for your loan. It can make the process move much faster when you have found the home you want to buy. 

Let our expert team help you!

Sally, Mark and the rest of the team at Mortgage Choice Mornington & Mt Eliza are ready to help you get started on your first home loan journey! In the meantime, download our free e-guide: Investing in property.

You could also have a look at: our blog post My offer has been accepted - now what? or do some quick sums with our home loan calculators. 

Call us today to discuss your home loan or financial planning needs on 03 5973 4011 or click on Contact Us at the top of the page.

Mortgage Brokers servicing Mornington, Mount Eliza, Mount Martha, Macrae, Safety Beach, Rye, Rosebud, Red Hill, Balnarring, Somers, Hastings, Baxter, Somerville, Pearcedale, Tyabb, and other locations on the Mornington Peninsula. 

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Contact us today.

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