FIRST HOME BUYERS
Buying your first home is a huge milestone and an extremely exciting time in your life. Getting the right advice on your home loan and gaining a pre-approval so you know just how much you can afford is essential. Knowing how much deposit you need, what the fees are and how the process works is also important. Our friendly consultants will guide you through the process, making it simple for you.
Grants and Concessions for First Home Buyers
As a first home buyer, some great news is that you may be entitled to concessions or grants. These will vary depending on which state or territory you are buying your home in, so to find out more refer to your state or territories revenue office. Below is a handy list providing links to the relevant sites.
Links to FHB information in your state or territory:
Government of Western Australia department of Finance
Northern Territory Government Department of Treasury and Finance
What you’ll need to apply for a pre-approval for your first home loan
Preparing to see your broker will help make the process easier and you will have a faster application. Here’s a guide to the types of things you should have handy;
- 2 of your most recent payslips showing year to date earnings, company ABN and your name.
- The latest 2 years tax returns and ATO Notice of Assessments.
- Your Group Certificate/PAYG Group Summary for the most current financial year.
- The last 6 months transaction history on your savings account/s, plus 1 original statement
- Evidence of any additional funds to complete purchase
- 100 “points of ID”. A sample of the types of documents that will be suitable are:
- 70 points – Current passport
- 40 points – Drivers licence
- 40 points – An ID card from the Public Service or a Tertiary Education institution or Commonwealth benefits card
- 25 points – Credit card, council rates, telephone account or Medicare card
How your Assured Broker can help you with your first home
An Assured consultant can help make your first home buyer experience easy and stress free.
We’ll visit you in your home or office to help save you time, or you can visit us in our office, whatever is convenient for you.
We understand that buying your first home can be daunting as this is one of the largest financial commitments you will make in your life. Here’s a guide to help you understand how the process works;
We’ll start by having a chat over the phone to understand your situation and ask you a few simple questions to get an idea of your current situation.
Next, we’ll make an appointment for a time that suits you to go through the most suitable options available after researching up to 1400 loan options.
We’ll guide you on how much you can afford to borrow, what your repayments will be and your deposit requirements. Also, we’ll let you know the fees and charges applicable for purchasing a home and for a home loan.
We’re here to help you understand the loan application process, property contracts, how to lodge your First Home Owner’s Grant application (if applicable). We’ll help you feel comfortable with the journey you’re about to begin.
We’ll submit your application to the lender on your behalf and liaise with the real estate agents, builders and conveyancers. Then we’ll follow your home loan application process, keeping you up-to-date and helping you sign your mortgage documents.
After your loan has settled, we’ll keep you informed of the latest interest rate and industry developments and perform health checks to make sure your loan is always working for you.
First Home Buyer Calculators
Here’s some handy home loan calculators to help you save for your first home.
