Pakenham & Warragul
All enquiries & appointments (03) 9067 6995
Are you seeking to purchase your first home but not sure where to start? Our experts understand that whilst we deal with mortgages every day, this is a unique and new experience for you. As such we will help you through the entire process from submitting an application all the way through until you are in your new home.
How much you can borrow and how much you should borrow are two very different things. When looking at your first home it is important that you do not over commit yourself. It is our job to assess your ability to repay the loan independently to our lenders to make sure that the loan the loan you get meets all of your unique needs.
Concepts like loan to value ratio (LVR) Lenders Mortgage Insurance (LMI) deposit amounts and equity will be new to you. Most first home buyers don’t want to become experts, they want someone to guide them through the maze. We will quickly let you know what deposit you need and what sot of loan you qualify for so that you can shop with confidence or, if need be, save a little bit longer to get the home you want.
The government provides certain First Home Owner concessions and First Home Owner grants (FHOG) across the various states and territories throughout Australia. This can mean that as a first home buyer you can save some money around the associated government costs. We will check to see if you are eligible for the First Home Owners grant or any concessions.
For more information on the FHOG please visit www.firsthome.gov.au or speak with us at Insight.