First Home Buyers

Buying your first home is an exciting time - but it can also be complicated - our job is to make it easy for you.
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Securing a home loan in Australia is a bit like crafting the perfect Aussie barbecue. First, you gather all your ingredients—financial documents, credit history, and a dash of determination. Then, you fire up the grill (or rather, the application process) and start sizzling.

Just like flipping burgers, there’s a bit of finesse involved. You’ll need to choose between fixed or variable rates, find the right lender (akin to picking the juiciest steak), and negotiate terms that suit your taste.

But hold onto your apron—there are some unexpected flavors along the way. You might encounter terms like “Lenders Mortgage Insurance” or “Stamp Duty,” spicing up the conversation with a bit of financial jargon.

Once everything’s cooking, the bank assesses your financial recipe. They’ll scrutinize your financial history, employment status, and possibly even your avocado-toast-eating habits (okay, maybe not that last part).

If all goes well, it’s time to celebrate! You’ve got the loan approval, and you’re ready to enjoy the fruits of your labor—your very own slice of the Aussie dream. Just like a good barbie, a home loan in Australia might take some patience and skill, but the payoff is oh-so-satisfying. Cheers to making your home sweet home down under!

The loan process

From a quick chat to settlement, these are the steps to owning your first home.
  • 1

    Say hello

    It all starts with taking about one minute to answer a few simple questions right here. When you’re done, we’ll meet to talk about your goals, opportunities and next steps, in person or online.
  • 2

    Get those goals

    Once we know what you need, we’ll research 60 banks and lenders to provide you with loan recommendations best suited to your needs.
  • 3

    The nitty gritty

    Found your lender? Well sit back. We’ll do the paperwork and package, sign and lodge your documents to get you primed and ready for pre-approval.
  • 4

    So… How much can you borrow?

    If your pre-approval gets the tick, your borrowing power will be revealed. This amount is valid for three months and gives you a clear idea of what you can spend. Let the house hunting begin!
  • 5

    Seal the deal

    After all the ups and downs of the home buying hunt, you’ve found a home and made an offer. While you pop the champagne, we’ll keep track of your application to ensure it all runs smoothly.
  • 6

    Settlement - your big day!

    Get excited, it’s time for settlement. Sit back and enjoy the moment, we’ll let you know when everything is finalised and your lender has released the funds.

Loan types and features

There are a number of loan types available to you; variable rates, fixed rates, guarantor loans and more, scroll through some of the options below to get a better understanding of what the differences are. We’re here to answer your questions when you’re ready.

Variable rate loan

As the name suggests, the interest rate can change over the life of the loan. This gives you flexibility, but can also leave you open to rate rises. These loans offer more flexible features like unlimited additional repayments, redraw, and offset accounts.

Fixed rate loan

Basically, this is the opposite of a variable rate loan. Your interest rate and repayments will stay the same during the fixed term, no matter what. So no surprises.

Split loan

You’re able to fix part of your loan, while leaving the rest variable.

Packaged loan

Professional packages offer discounts on standard variable and fixed rates, the waiving of fees, and in some cases, great deals on other products from the same lender. A packaged loan usually comes with one annual fee for the bundled products.

Introductory rate loan

Also known as ‘honeymoon’ loans, these offer a low interest rate for a short period (eg. a year), after which the rate moves to the standard variable rate.

Interest only loans

As the name suggests, you only pay the interest on the principal balance for a set term, with the principal balance unchanged.

Guarantor Home Loans

A guarantor uses the equity they’ve built up in an existing property to help you purchase your property sooner. Guarantors could be your parents, parent-in-law or a step parent or grandparents.

Get in touch

Calculators

Use these calculators to help you understand your borrowing power and calculate how much stamp duty you might need to pay.

How much can I borrow?

Your borrowing power is a critical number to know because it helps you understand how much you can spend on a property. Find out how much you can borrow now.

How much is Stamp Duty?

Find out how much budget you need to set aside to cover Stamp Duty costs and what the requirements are in your state or territory.

FAQs for
first home buyers

We’ve got your questions covered.

Typically lenders ask for 20% of the total house price before they’ll consider giving you a loan but there are a number of ways around this. Some lenders will accept a smaller deposit but it’s likely that you’ll need to pay Lenders Mortgage Insurance (LMI).  There might also be grants that you can take advantage of. Get in touch to chat about your options.

Of course! Borrowing capacity refers to how much you can borrow from a lender. To get an estimate of your borrowing capacity go to our calculator: How much can I borrow? If you want to get an in depth review of your borrowing capacity, get in touch today.

With over 60 lenders, you and I are spoiled for choice. I narrow my search down through talking to you about your wants and needs. I will show you your options, listing the pros and cons of each loan and ultimately we will come to a decision together.

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