Navigating the First Home Purchase Finance Process

Purchasing your first home is a major financial milestone, but the first home purchase finance process can feel daunting. It's important to understand each stage, from loan application to final settlement. For many, the most significant concern is saving enough for a deposit. However, with a 5% deposit home loan, entering the market may be more achievable than you think.

A thorough first home loan approval process involves assessing your income, expenses, and credit history. Lenders will also consider the loan-to-value ratio (LVR) of your chosen property. With a 95% LVR mortgage for first home buyers, you can finance a home with minimal upfront costs.

Stay informed about government schemes that support first-time buyers, such as grants or concessions, which can further ease the financial burden.

Take the first step towards homeownership and contact us to calculate your borrowing power and get personalised advice.

Disclaimer: The content provided is for informational purposes only and is not financial advice. Please consult a professional advisor to discuss your specific situation.