Re: First home buyer here - What are my options?
Posted: Tue Jul 30, 2019 7:37 pm
Hi Kara,
Thank you for reaching out to us and welcome to the forums.
The home buying process for a first-timer might seem like a daunting process, but there are many options and support you’ll get.
The options available for first time home buyers are as follows:
Our expert mortgage brokers specialise in helping people buy their first home. Contact us on 1300 889 743 or complete our free assessment form.
Cheers,
Thank you for reaching out to us and welcome to the forums.
The home buying process for a first-timer might seem like a daunting process, but there are many options and support you’ll get.
The options available for first time home buyers are as follows:
- You can borrow up to 105% of property value with a guarantor loan.
- You can borrow up to 95% of the property value without a guarantor.
- You can even borrow up to 90% to 100% with no Lenders' Mortgage Insurance (LMI) if you are working as a doctor, lawyer, accountant or sports professionals.
- You need savings of at least 5% to 10% of the property value.
- You do not need a deposit if you have a guarantor.
- You can even use a gift from your parents as part of the deposit.
- The first home owners' grant (FHOG) can be a part of your deposit.
Our expert mortgage brokers specialise in helping people buy their first home. Contact us on 1300 889 743 or complete our free assessment form.
Cheers,