First Home Buyers

Are you looking for a First Home Buyer Home Loan?

mortgage broker first home buyer

It can seem challenging to enter the housing market as a first home buyer.  There is a lot of competition when looking for an affordable home.  There is also a lot of confusion about what steps to take when you find a house that you really like.  It can seem a bit overwhelming at first.

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Choose a mortgage broker first home buyers love to work with

Wendy de Graaf is a friendly and supportive mortgage broker who specialises in helping with first home buyer home loans.  Wendy offers a whole lot more than just finding a low interest rate.  Although she will definitely seek you out the most competitive interest rate and package to suit! But equally importantly, Wendy can help to navigate through the inevitable paperwork that is associated with buying your first home.  Buying your first home comes with a fair amount of stress, but you don’t have to do it by yourself.  Because experience is really important when it comes to signing on the bottom line.  Wendy De Graaf has been helping first home buyers for over 12 years, and she has many happy clients that will testify to this.

What is a first home buyer home loan?

The problem with trying to find the best first home buyer loan is that the banks offer a wide variety of different types of loans.  The choice is based on the different types of borrowers out there in the market.  For example, a property investor has different requirements from an owner occupier. And a commercial property has different terms and conditions over residential property.  As a first home buyer, you don’t need to worry about the complex issues, so long as you can choose something suitable for you.  And that is where a mortgage broker who specialises in first home buyer loans is important. A mortgage broker first home buyers can trust is essential to get off on the right foot.

Wendy de Graaf is a first home buyer loan specialist

Buying your first home is a big step, and the better information you have, the better the decision you can make.   There is no doubt that a good first home loan mortgage broker can save you time, money and mistakes. It pays to get the best advice when choosing the right loan product, and getting the right mortgage set up.  Wendy can offer some really helpful advice with all of the details, and even help with the First Home Buyers Grant.

What is the First Home Owner Grant (FHOG)?

The first home owner grant is a state government incentive which encourages new home owners to buy their first home.  The scheme offers a cash payment for eligible first home buyers, which they can use to help with the deposit.  Or, they can even use the cash for the construction costs for a new home.  Be aware that the first home buyer grant is different in all states, and has different benefits depending on the type of home you are looking to buy.  Make sure you get good advice on whether you are eligible for the first home buyer grant and how much!  Be sure to speak to Wendy de Graaf before you commit yourself to buying your first home.

Currently – in most states as it is in Queensland – the FHOG is for new homes and/or “block & build” purchases.  The buyer will need to provide evidence the home has not been lived in before.

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How do I know if I am eligible for the First Home Owner Grant?

This is where it is important to get the right advice.  Firstly, it’s always important to get expert advice.  Secondly, appropriate and experienced advice is especially important for financial matters.  Furthermore, talking to someone ‘with heart’ like Wendy, is particularly advantageous.  Because, she cares. As an individual running her own business, Wendy treats each client as though they were the only client she had.  Important!

Generally speaking, to be eligible for the first home buyer grant, you need to be an Australian resident, and have not previously owned a property.  It is also important that you plan to move into the property within 12 months of purchase.  Furthermore you’ll have to be able to prove that you lived in the property for 6 months.  If you are buying the property in a partnership, these same rules apply to each of the buyers.  If any of the details seem overly complicated, you can always ask the advice of a specialist mortgage broker first home buyers can trust – like Wendy de Graaf.

How important is a low interest rate for first home buyers?

Very important!  There is a whole range of first home buyer loan packages available on the market.  These first home buyer loans are often promoted on the basis of low interest rates.  Sometimes they even offer a low introductory interest rate, just to get started.  But it pays to do your research about first home buyer interest rates.  It may seem attractive to take up an offer based on the lowest interest rate.  But you need to calculate the repayments over the long term.  Wendy de Graaf can show you a simple demonstration of how interest rates affect your repayments of the full term of your loan.  That way, you get the full picture and not just the advertised interest rate.

What should first home buyers look for in a home loan?

When looking for a first home buyer loan, it pays to consider the full features of the home loan offer. For example, you need to consider the full costs of the home loan, including interest and bank fees.  Wendy de Graaf can demonstrate a mortgage calculator so that you get the full picture before you sign on the dotted line.

There are many other features of a first home buyer home loan, such as:

  • lending term,
  • loan fees,
  • redraw facility vs offset accounts
  • variable rate vs fixed rates, and
  • customer service.

In addition, if you plan on making additional payments to get ahead on the mortgage, you need to make sure that the terms of the loan allow for this.  If you hope to pay out the mortgage early, there can be penalty fees associated with this.  So, it pays to discover these details up front.  These days it is also important to know whether the customer service includes a bricks and mortar building.  Or, is service offered on line only?

Ask for help for everything you need to know about a first home buyer home loan!

There is no doubt that it can be a complicated process for first home buyers. But you can choose to take some of the pain away by choosing a mortgage broker who specialises in first home buyer loans. Wendy de Graaf has helped many first home buyers to buy a home. And many of these people have returned to Wendy for help to buy another home or to buy an investment property. It doesn’t cost you anything to use a mortgage broker, but it sure can save you time, money and peace of mind!  Connecting with a mortgage broker first home buyers can trust is essential.  To get well established financially, right from the start, trustworthy advisors are essential.

📞 Call 0407 447 822