Great Mortgage Service For First Home Buyers
For most Australians, planning to become first home buyers is an exciting time. It can also be stressful. After all, there’s a lot to think about, and a home loan probably represents the most significant debt you’re ever likely to take on. At CCF Mortgage Brokers, we provide a full end-to-end service designed to support first homeowners from start to finish. Together, we’ll make a plan. So, from initial review, to getting you on the right track, and to the final days of completion, we’ll support you. Furthermore, we’ll provide advice, education, and access to our networks to ensure you are well informed and ready for each stage. As first home buyers, you’re starting out on an exciting journey, and we want to make that journey as smooth and hassle-free as possible.
A Quick Guide For First Home Buyers
Buying your first home can seem daunting. Here’s a quick guide to the steps that’ll lead you into your first home.
- Save for a Mortgage Deposit
Your first step is to get your finances sorted. Now’s the time to talk to us so that you can be sure your budget and savings are realistic. Ideally, you should aim for a 20% deposit, but there are alternatives. Our initial review is free and without obligation.
- Find out how much you can Borrow
Once we’ve agreed on a budget, we’ll let you know exactly how much you can expect to borrow.
- What’s the Best Interest Rate?
There are lots of different mortgage products out there that may suit you better than others. For instance, some begin with lower repayments that gradually increase. Rest assured, we have access to the best products at the best rates. Also, now’s the time to get loan pre-approval so sellers know you’re serious.
- Find the House You Want
Things are getting exciting now, it’s time to go home hunting! So, remember to stick to your price range and budget. It’s easy to get carried away by looking at houses beyond your budget. Do plenty of research on your chosen location, know which properties represent good value. And pace yourself, this could take a while.
- Negotiate to Buy
Once you’ve found a possibility, do your due diligence. In other words, thoroughly inspect the property, the boundaries and the neighbourhood. Now, get a building and pest report. If it’s all good, put in an offer. If it’s accepted, contract a good conveyancer (we can help you with recommendations).
- Settlement
You’re nearly there! Settlement means a mutually agreeable date for the transfer of the property title deeds into your name. Once complete, you finally get the keys to your new home.
First Home Owners Grants
NSW Government provides a $10,000 grant for first home buyers. This is an excellent boost to your deposit savings, and we’ll help you apply to make sure you get all the benefits. Furthermore, we’ll discuss first-time buyer’s concessions on Stamp Duty. Also, at the moment, there’s an additional ‘Homebuilder Grant’ of $25,000 available too. The HomeBuilder is available until the end of the year.
If you are looking to become first home buyers, contact us today and let’s get your journey started.
