First-Home Buyers
Buying your first home can feel like a lot to work out. I can help you make sense of it.
You don't need to have everything figured out before we talk. In fact, I encourage you to start the conversation early.
I can help you understand how much you may be able to borrow, what you need to do to prepare and what lenders will be looking for. If you have existing debt or aren't sure whether you're ready yet, we can look at where you are now and work out what needs to happen next.
My aim is to give you a clear plan, so you know what you're working towards and can approach your first home purchase with confidence.
What to expect from a mortgage advisor
It starts with a conversation.
I'll take the time to understand your financial position, what you're hoping to achieve and where you are in the process. From there, I'll explain your options and help you work out a sensible way forward.
I know applying for your first mortgage can be unfamiliar and sometimes overwhelming. There are forms, documents, lending requirements and decisions about how your mortgage should be structured.
I'll guide you through each step, explain things in plain English and handle as much of the process as I can for you.
We're working towards the same goal, so communication is important. You can ask questions, talk things through and know that I'm there to help you navigate the process.
What can I do to get ready as a first home buyer
Build a savings habit
Regular saving can demonstrate to a lender that you're able to manage your money and put money aside towards your deposit and future mortgage repayments.
Keep my account in order
How you manage your everyday finances matters. Regular payments, sensible spending and keeping on top of your commitments can all help present a stronger application.
Manage my credit Late payments, defaults and other credit issues can make borrowing more difficult. If you're concerned about your credit history, it's worth talking to me early so we can understand what it means for your options.
Build my deposit
Your deposit is an important part of your home-buying plan. The amount you have available can affect how much you need to borrow and which lending options may be available to you. I'll help you understand what your deposit means for your particular situation and what you may need to do next.
The First Home Buyers' Journey
Everyone's journey is different, but I'll help you work through the main steps.
Start with a conversation
We'll begin with a chat about your finances, your goals and what you'd like to achieve.
I'll explain how the process works and answer your initial questions.
I'll ask you to provide some information about your income, expenses, assets, debts and overall financial position. This gives me the information I need to understand your situation properly.
Advice assessment and Apply
I'll review the information you've provided and talk you through the lending options that may be available to you.
Once you're ready to proceed, I'll let you know what supporting documents are needed and help prepare your application for the lender.
Get legal advice
Your lawyer or legal advisor is an important part of the process. I recommend getting legal advice early, particularly before signing any agreements.
If you don’t have a lawyer, I can help you find one. Your lawyer can help you understand the legal side of your purchase, while your real estate agent can help with finding and negotiating on a property.
Purchase your first home
Once your finance and legal arrangements are in place, you're ready to take that next step towards owning your first home.
I'll be here to help make sure the mortgage side of the process is as straightforward as possible.
Get in touch
If you're thinking about buying your first home, you don't need to wait until you're ready to apply. If you'd like to talk through your situation or have questions, get in touch.