First Home Loans

Buying your first home can be a little overwhelming. We are here to make it easy and guide you through this exciting new chapter!

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The Loan Process

Here are the steps to take before you get the keys to your first home purchase.

1

Getting Started

It all begins when you take the time to answer a few simple questions right here. 

2

Your goals and needs

Once the above step has been completed, we'll meet in person or online to talk about your unique goals, opportunities and next steps.

3

Developing solutions

We will then research over 60 banks and lenders to present you with loan recommendations best suited to your needs. 

4

Your application

When you have made your decision, we will do the paperwork and package your application to send to your preferred lender for approval. 

5

Settlement

It's time for settlement! We will let you know when everything is finalised and your lender has released the funds.

Loan Types and Features

Variable rate loan

This type of loan is subject to  interest rate movements. The variable rate loan may be sensitive to rising interest rates but it can provide you with greater flexibility. These loans come with extra features such as unlimited additional repayments, redraw facilities and offset accounts.

Packaged loan

Professional packages offer generous discounts on standard variable and fixed rates. They are bundles of banking products from the same lender and usually have a single annual fee. This type of loan caters for those who borrow large amounts of money and provides the opportunity to structure your debt.

Guarantor home loan

A guarantor may use the equity they have in their existing property to help you purchase your property sooner. 

Fixed rate loan

To put simply, this loan is the opposite of a variable rate loan. The interest rates are fixed for a period of time, offering you a sense of security and control over your finances. 

Introductory rate loan

Introductory rate loans are also knowns as 'honeymoon loans'. These offer low interests rates for a short period of time (e.g. 1 year) before increasing back in line with the lender's other mortgage products.

Split loan

Part of your loan will be on a variable interest rate while the other part is fixed.

Interest only loan

As suggested by the name, interest only loans allow you to pay the interests charges on your loan for a short period of time. Your principle amount will remain unchanged.

How much can I borrow?

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