First Home Buyers
Buying your first home is a big step, and the rules around deposits, grants and lender fees can feel like they were written to confuse. We take you through each one, set out your options honestly, and help you get to "sold" with a loan that suits your life.
What you need to know
Many lenders want 20% to avoid lenders mortgage insurance, but plenty of buyers get into the market with 5–10%. We show you what your savings can actually buy, what the purchase costs on top of the deposit look like, and how lenders view gifted money and genuine savings.
The federal 5% Deposit Scheme, First Home Owner Grants and state stamp duty concessions can save you tens of thousands. Eligibility and price caps change, so we check what applies to you at the time you buy and fit the schemes together properly.
A family member can use equity in their own home to guarantee part of your loan. It can remove the need for LMI and a large deposit, but it carries real risk for the guarantor. We explain both sides plainly so the whole family can decide with clear eyes.
Pre-approval tells you how much a lender is likely to lend, and it lets you bid or make offers with confidence. We match you to a lender whose policy fits your income and situation before you start house-hunting, so there are no nasty surprises after you sign a contract.
LMI protects the lender, not you, but it is often what makes an early purchase possible. We show you the real cost, whether it can be added to the loan, and when waiting to save more makes sense and when it doesn’t.
Book a discovery call
Book a free, no-obligation discovery call with Andrew. We’ll look at where you are now, where you want to be, and the clearest way to get there. In person on the Sunshine Coast, or by phone and video anywhere in Australia.
