Buying your first home?

Here are 5 key tips to help you secure your first home loan with confidence.”

1. Know your budget

"Start by understanding how much you can borrow and what you can afford in repayments. A mortgage broker can help you figure this out based on your income, debts, and expenses."

2. Get your deposit ready

"Most lenders need at least a 5–10% deposit. But with the First Home Guarantee Scheme, you might be able to buy with even less, no LMI needed."

3. Understand the costs

"It’s not just the deposit. Budget for stamp duty, legal fees, loan setup costs, and moving expenses. Some government grants can help reduce these."

4. Clean up your credit

"Pay off any small debts, avoid applying for new credit cards, and make sure your bills are up to date. A good credit score can improve your loan options."

5. Get pre-approval

"This gives you a clear idea of your borrowing power, and shows sellers you’re serious when making an offer."

Buying your first home doesn’t have to be overwhelming. With the right advice and loan strategy, it’s absolutely possible – even today.

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