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We can help you with the following:

– How to secure the right finance

– What is the minimum deposit you can begin with

– Estimate what your maximum borrowing capacity is

– How much your repayments will be

– What stamp duty exemptions and first home grants you are qualified for

– Apply for conditional approval

– With a wide range of lenders to choose from, we always find a solution for first home buyers.

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Latest Articles for First Home Buyers

ABOUT THE FIRST HOME SUPER SAVER SCHEME

The Australian Government has introduced the First Home Super Saver (FHSS) scheme to help Australian save for their first home. From the 1st of July 2017, you can make voluntary concessional (before tax) and non-concessional (after tax) contributions into your super fund to save for your first home.

WHAT IF YOU DON’T HAVE THE 20% HOME LOAN DEPOSIT?

Saving for the deposit to buy a home is one of the most difficult hurdle of first home buyers. The ultimate goal is to save 20% of the property value. However, saving for that 20% deposit which most lenders typically require will take years.

10 STEPS TO BUYING YOUR FIRST HOME

Buying off the plan can be a good strategy for first home buyers. You only have to put a deposit down and settle when it is completed.

7 TOP TIPS FOR FIRST HOME BUYERS IN THIS COVID-19 PANDEMIC TIMES

Buying a home has always been difficult for first home buyers but with COVID-19, getting a home loan is much harder. In the past, first home buyers face hurdles such as rising house prices, lack of deposit and strict lending policies. But in this pandemic times, buyers face more challenges and risks.

THE FIRST HOME LOAN DEPOSIT SCHEME – HOW IT WORKS?

The First Home Loan Deposit Scheme aims to help up to 10,000 eligible first home buyers on low and middle incomes to get into the property market sooner by requiring only a 5% deposit. The government has agreed to guarantee the difference between the borrower’s 5% deposit and the standard 20% deposit required to take out a home loan without paying LMI.

IS FIXING YOUR INTEREST RATE RIGHT FOR YOU?

With interest rates at an all-time low, and many lender’s fixed rates lower than their variable options, locking in an interest rate on your home loan to guard against possible future fluctuation may be attractive. However, it pays to know the ins and outs of fixed-rate loans before committing to one.

BUYING OFF THE PLAN – WHAT FIRST HOME BUYERS NEED TO KNOW

Buying off the plan can be a good strategy for first home buyers. You only have to put a deposit down and settle when it is completed. Most developers will require at least a 10% deposit.

WHAT IS NON-GENUINE SAVINGS WITH RENTAL HISTORY?

Most lenders require at least a 5% deposit that has been saved for at least 3 months. This is referred to as genuine savings.

SMART WAYS FOR FIRST HOME BUYERS TO INCREASE THEIR BORROWING CAPACITY

Whether you’re beginning to save for your first home or are already looking through the market, it’s important that you keep your finances in mind throughout the process.

HOW CAN YOUR FAMILY HELP WITH YOUR HOME LOAN DEPOSIT?

First Home Buyers with no deposit can use their mum and dad to assist. This option is known as Family Guarantee, Family Equity, Family Pledge or Parental Guarantee depending on the lender.

WAYS FIRST HOME BUYERS IN AUSTRALIA CAN PURCHASE THEIR DREAM HOME SOONER

Most lenders require at least a 5% deposit that has been saved for at least 3 months. This is referred to as genuine savings. But what if a family member provides you with a 5% deposit in the form of a gift?

WHY IT’S A GOOD IDEA TO GET A PRE-APPROVAL

You may have heard it’s important to get a home loan pre-approval. But why do you need it?

Maverick Finance – Finance Brokers in Sydney and Melbourne
+61430144008
mpapa@maverickfinance.com.au
Address:
– 23 Regent Honeyeater Grove Kellyville NSW 2155
– Soho Village, Point Cook VIC 3030

Your full financial situation will need to be reviewed prior to acceptance of any offer or product.

MBM Mortgage Pty Ltd trading as Maverick Finance | ABN 28 149 301 084 | Credit Representative 403019 is authorised under Credit License 389328

This website provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.