First Home Buyers

We'll help you understand your First Home Loan options, Grants and Incentives

Buying your first home is an exciting milestone, and at Abundance Home Loans, we're here to make your journey as smooth as possible. Whether you're in the Mornington Peninsula or anywhere in Australia, our expertise in first home loans can help you access home loan options from banks and lenders across Australia. We understand the complexities involved in applying for a home loan and are dedicated to providing you with personalised support every step of the way. From checking eligibility for first home owner grants (FHOG) to understanding interest rates, our goal is to help you make informed decisions about buying a home.

One of the most important steps in buying your first home is understanding the financial aspects involved. This includes determining your borrowing capacity, which is influenced by factors such as your credit history, loan amount, and financial situation. At Abundance Home Loans, we help you assess these elements to ensure you are well-prepared to apply for a home loan. By getting pre-approved, you gain a clearer picture of the property market and what is within your reach. We also guide you through the application process, ensuring it is as streamlined as possible. This includes assisting with bank statements and advising on whether a variable interest rate or a fixed interest rate might best suit your needs.

Another crucial consideration is the various costs associated with buying your first home. Understanding stamp duty and how it affects your overall budget is essential. We also provide insights into opportunities like interest rate discounts and LMI waivers, which can significantly impact your financial situation. Our team can check eligibility for these options, potentially saving you money and easing the path to homeownership. Additionally, if you’re considering investment loan options for a first investment property, we can assist with that application too.

Our access to banks and lenders nationwide ensures you have a broad range of choices when it comes to financing your first home. This access allows us to tailor solutions specifically for your needs, whether you're looking for an offset account to manage your funds more effectively or exploring different loan to value ratio (LVR) scenarios that might suit your circumstances. Moreover, our experience in the property market means we can provide invaluable advice on current trends and how they might affect your decision-making process.

In the journey of buying your first home, having a trusted partner makes all the difference. Abundance Home Loans is committed to guiding you with expert advice and support tailored to your unique needs. By helping you access home loan options from banks and lenders across Australia, we aim to simplify your path to homeownership. Whether it's understanding interest rates or navigating the application process, our team is here to assist. Contact us today to get started on securing your dream home.

Getting a Home Loan

Step 1 – How much can I borrow?

Before you decide on the house you want to buy… let us work out your affordability so you know what purchase price you can aim for. We will ask for some documents to ensure that the figures are as accurate as can be, to give you the confidence to take the next step.

Step2 – Home Loan Pre-Approval

Let us do the paperwork and take away the stress of the loan application process. Once you have the thumbs up from the Bank, it’s time to start scrolling through the property pages.

Step3 – Hunting for your First Home

It’s time to find your dream home. We will guide you along the way and let you know what is required to make an offer or put in a bid at auction and navigate the negotiations. Once you have signed on the dotted line, it’s time to get your formal approval.

Step4 – You've found your first home - Formal Approval

Getting your formal approval is the most exciting part of your journey. From the uncertainty at the start to now, you’ve nailed it! Once you loan is approved, you are ready to start furniture shopping.

Step5 – Settlement and Beyond

We will guide you through the loan offer documents and the signing process and what you need to know for settlement and preparing for the big moving day. Our job is not done when you have settled your home loan, we will do regular check ins and annual reviews to ensure you are getting the best deal with your current lender.

Book Appointment

ET

Em Tee

Mandy and her team were beyond brilliant in assisting through the entire process in obtaining and refinancing our mortgage. Could not recommend her services enough!

KD

Kerryn D

Mandy is warm and professional. Easily contactable and generous with information. The whole process was easy, and I have a great home loan. Fantastic and highly recommend.

SM

Samantha Millhouse

Mandy was amazing from start to finish and achieved miracles with our home loan. She went above and beyond, working so hard to secure a brilliant deal. Highly, highly recommend! Thank you Mandy!

Frequently Asked Questions

Can you help First Home Buyers?

We love helping First Home Buyers! We're experts at the entire process and can help you get the right Home Loan. We're also across the various schemes to help First Home Buyers such as the First Home Owners Grant and the various stamp duty exemptions available.

Can you help with refinancing an existing Mortgage?

Of course! We believe that we can find the best interest rate for you to refinance to, whether it's a Home Loan or Investment Loan.

Are your mortgage brokers licensed and accredited?

All of our Mortgage Brokers are accredited and members of the Mortgage and Finance Association of Australia. They are extremely professional and provide exceptional service across a range of lending options.

How do I get paid?

I receive a commission from the Bank or Lender for selling their products, so you don’t pay anything up front or at settlement of the loan. Sometimes, I may charge you a fee directly, instead of, or as well as, the lender’s commission.

This will depend on the complexity of your situation and how long it takes to obtain your home loan. I will let you know up front if a fee is payable or not.

Can you only help with Home Loans?

We can help with Home Loans, Investment Loans, Construction Loans, Car Loans, Personal Loans and much more. If you're looking to borrow to buy property something, we can probably help.

Why choose a Mortgage Broker?

With many lenders to choose from, you may decide to get help from a mortgage broker rather than going direct to your bank where you only have access to the banks home loan products, limiting your options.

Using a mortgage broker gives you more options based on your personal circumstances and acts as a go-between with the banks or other lenders to arrange your home loan. As a Mortgage broker I act in your best interests when suggesting a home loan for you.

In our first appointment, I will understand your needs and goals, work out all the figures and how much you can afford to borrow. Then find the best options to suit your situation.

If you don’t know much about home loans, I will explain the options, feature, benefits and the costs to give you peace of mind. I deal with all the paperwork and take away the hassle so you can get on with your day, knowing that I have everything under control.

What kind of interest rates can you offer?

We take look at a wide range of products available from Banks, Credit Unions & other lenders across the country. This means we can search thousands of products and make sure we're always recommending the best Home Loans for our clients.