Buying First Home

Buying your first home is exciting, but it can seem a little overwhelming. We are here to make the process as easy as possible by providing you with the necessary information and resources before you start shopping for your first home. The more you know, the easier it will be to turn your dream of owning a home into a reality.

Your loanshome.com.au Website and Home Loan Consultants can help you answer all of your questions about buying your first home.

Start your free loan comparison service and borrowing capacity check.

How much deposit will I need?

Most lenders require a minimum deposit of 3% to 10% for a home loan; however, there are options that may allow you to purchase with a 0% home loan deposit with 100% home loan mortgages.

With a guarantee from family, a deposit is not always required for buying your first home. Without a guarantee, you will normally need 3% of the purchase price. Not all lenders require a savings history for the 3%—a gift may be acceptable. Your Zar Mortgage Brokers Consultant can calculate the exact amount you will need when buying your first home. Click here for more information or use our home loan deposit calculator.

How do I arrange the first home buyer incentives?

Both the federal and state governments offer generous incentives to first home buyers. Zar Mortgage Brokers Consultants can help you arrange the First Home Owner Grant and stamp duty concessions. For many first time home buyers, grants are the deciding factor in buying their first home. The information is covered in detail at first home owner grants.

What are all the costs of buying?

The costs of buying and financing your first home include the lender’s application fees, mortgage insurance if you are borrowing more than 80% of the property value, your own costs (conveyancing, inspections, etc.) and government duties, such as stamp duty. Stamp Duty Calculator

How much can I borrow?

How much you can borrow to buy your first home depends on your income and the deposit amount. With our free comparison service, your Zar Mortgage Brokers Consultant can calculate this quickly and easily. Provide your details on our How Much Can I Borrow Calculator for your free loan comparison service and borrowing capacity check.

How much will my repayments be?

Once you choose the loan to buy your first home, your Zar Mortgage Brokers Consultant will let you know how much your repayments will be. Use our Loan Repayments Calculator for an estimate.

How do I acquire a loan?

Eliminate the hassle of shopping around when buying your first home—your Zar Mortgage Brokers Consultant will do the work and help you choose a loan solution that is right for you.

Start your free loan comparison service and borrowing capacity check.

Looking for more information? Click Here