26.07.22
Looking for your first home loan and don’t know where to start? We’ll take the stress and burden out of the process by doing all the heavy lifting for you.
Book An AppointmentAt Mortgage Broker Melbourne, we’ll work with you to understand your financial situation and evaluate loan product options that are appropriate for your needs. Unlike the lenders themselves, Mortgage Brokers are duty bound to act in the best interests of their clients so you can be confident our recommendations will be tailored just for you.
Our team will step you through the process from the pre-approval all the way to settlement and beyond, handling the application and paperwork while keeping you updated at every stage.
We work with you to understand your financial situation and compare a range of loan product options which have the features that are important to you.
We can handle all the paperwork and application for your pre-approval to ensure that you have peace of mind when surveying the market.
We will consult with you through the process of purchasing a property and dealing with different lenders.
We can help manage your finance and settlement deadlines. Beyond settlement, we will continue to check in on your loan annually and make sure it suits your circumstances.
We evaluate your loan on an annual basis to make sure your rate stays sharp.
For over 20 years, we’ve worked with thousands of clients to help them secure their home loan and find their dream first home. As one of the five star rated mortgage brokers in Melbourne, our first priority is ensuring that all our clients are supported throughout the entire home buying process and walk away with the best possible deal.
We’ll help you successfully navigate the home buying process and break down each step along the way to ensure you’re making informed and confident decisions.
Our service is ongoing even after you’ve obtained your loan. We check-in with your loan annually to ensure you’re still getting the best deal and can help you make any changes to your loan features.
When you engage with us, you won’t have to pay any fees for our services. We are paid a commission by the lender you choose and that is fully disclosed to you from the get-go. (Lender fees and charges may apply)
As a first home buyer purchasing a property that is exempt from stamp duty, ideally you would have at least a 5% deposit saved up. The more you contribute initially though, the less interest you’ll be charged in the long run so it is always best to contribute as much as you can, whilst leaving yourself a buffer just in case.
If you are contributing less than 20% you may have to pay lenders mortgage insurance to cover the lender, not you unfortunately! This is a once off, upfront fee that your broker will explain in detail. Lenders mortgage Insurance can be waived by some lenders for specific industry professionals. Alternatively, the insurance premium can be avoided if a parent is able to offer a property they own to reduce the risk to the lender. Your broker will fill you in on all the details.
A pre-approval should be the first step to the home buying process and involves applying to a lender for approval, subject only to them being happy with the property you buy. Your broker will handle all the elements of your pre-approval application so you can get peace of mind that a lender is satisfied with your credit history and borrowing capacity, enabling you to safely buy at auction. We always recommend first home buyers organise a robust pre approval with as few conditions attached as possible, before embarking on your home buying journey. If you don’t find a property straight away, your broker will make sure your pre approval remains active to give you all the time you need to find the right property for you.
When buying a first home in Victoria, you may be eligible for certain concessions including: stamp duty reduction, the First Home Buyers Loan Deposit Scheme or a First Home Owner Grant. Eligibility depends on each scheme’s set criteria. Your broker will help you through that aspect too.
26.07.22
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