Buying your first home | Mortgage Choice in Bayside
Buying your first home can be daunting. Especially if you're on your own and unsure of the process. The team at Mortgage Choice in Bayside have a huge range of home loans to choose from and do all the paperwork and follow up - at no cost to you.
We have hundreds of home loan choices
Going straight to your bank to ask for home loans will only give you a limited range of products to choose from, all from the same lender. That can leave you stuck in a home loan that doesn't suit you.
At Mortgage Choice in Bayside we have a panel of over 20 lenders, from the big banks through to boutique lenders, so we have something to suit everyone!
We sit down with you to go through your budget, what you can afford to repay and what lenders will likely suit you best (it's different for everyone!). We also have some tricks and tips to help you pay off your home loan even faster.
Once we figure out some of the basics, we search through hundreds of home loans to find the right one for you, with the features that suit you best. We then negotiate with the lender to get it at a great low rate for you.
We do all the paperwork and follow up
"Being a first home buyer, I was understandably nervous and overwhelmed by the process of securing a home loan. However, the friendly service, reassurance and explanations I received from Mortgage Choice Bayside made the process much more manageable. Tim & Karen took everything off my hands...I would highly recommend Mortgage Choice Bayside, and plan to use their services again in the future." [ Laura Brown, First Home Buyer ]
One of the most time consuming parts of the home loan process is figuring out how to complete the paperwork and following up with the lender. And it's also one of the reasons first home buyers love using a mortgage broker!
Not only do we help you find the best home loan for you, but we also complete the paperwork on your behalf, answer any questions they have and do the follow up for you. This gives you a lot more time to spend online searching for the perfect first home and going to open houses! You can leave the paperwork to us.
Our service is no cost to you
One of the things our clients love about Mortgage Choice in Bayside is that our service is no cost to you, as the lender pays us after your home loan settles, so you can enjoy our support and advice without worrying about the cost.
But what sets Mortgage Choice apart? Our paid the same philosophy means that as Mortgage Choice brokers, we're paid the same commission regardless of the home loan you choose from our wide choice of lenders.
What's the home loan process?
It can be hard to even know where to start!
The first step in buying your first home is to get pre-approval on your loan amount. This means the bank has pre-approved a set amount for you to spend on a property. That means you can go to open houses confident that you can make a bid or offer if you love the property - and knowing exactly what you can spend. Check out more about the home loan process in our video.
We would also suggest doing some quick sums on our mortgage calculators to give you an idea of what you can borrow, how much you can afford to repay and how long before the house is completely yours.
First home buyers grant & stamp duty concessions
There are a range of great incentives & concessions available from the state & federal government to help first home buyers save and purchase their first home. For starters if you're purchasing a property for under $600,000 you are looking at paying zero stamp duty, and have a considerable discount available to you if the purchase is between $600,000 & $750,000. Seeing as stamp duty can be tens of thousands of dollars - that's a considerable saving!
We help you figure out what you're eligible, and make applications for the grants you could benefit from. It means you're getting the best bang for your buck!
Learning more about your first home loan
If you would like to learn more about buying your first home, check out some of our educational resources and mortgage calculators from Mortgage Choice in Bayside - available to help you answer some basic questions.
- Do some quick sums with our mortgage calculators
- Watch our simple Money Chat home loan videos to answer questions like: what is a guarantor loan? What is pre-approval? or how much can I borrow?
- Blog: Stamp duty & First Home Owners grant
- Click here to download our e-guide: buying your first home
Get started with us
When you're ready to get started on getting the finance for your first home, book a time to chat with Mortgage Choice in Bayside. In our first meeting we'll figure out what you want from your home loan, what lender will suit you best and your budget.
Call our team in Bayside anytime on 03 9589 7277 or click the Contact Us button at the top of the page.
The team at Mortgage Choice in Bayside service the suburbs of Bentleigh East, Brighton, Brighton North, Brighton East, Hampton, Hampton East, Hampton North, Moorabbin, Moorabbin East, Heatherton, Bentleigh, McKinnon, Ormond & surrounds.
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. ~