Home Loans for First Home Buyers

Purchasing your first home can be exciting and daunting. At Mortgage Masters Queensland, we make the process of getting a home loan in Sunshine Coast and Townsville as simple as possible.

 Queensland’s Trusted Home Loan Brokers

While purchasing your first home can be exciting and daunting; it can also be a steep learning curve. At Mortgage Masters Queensland, we make the process as simple as possible so that you can enjoy the experience and always have the information related to your Sunshine Coast home loan that you need to make the right decision.

Our friendly and professional home loan brokers will walk through the process with you every step of the way ensuring you know exactly what is happening and what you need to do! Education is your best friend in this process, so we have listed some key information you need to know!

Which Home Loan Is Right for Me?

With so many different home loan products on the market in Sunshine Coast, finding a home loan is not as simple as it used to be. There is a range of options available to you that may save you money, provide you with greater flexibility and peace of mind.

By understanding your specific needs and desires – now and in the future – our home loan brokers will identify the best product available for you and provide you with a range of suitable home loan options for your chosen Sunshine Coast property to save you time and money!

First Home Owners Grant – FHOG
Depending on your circumstances you may be entitled to one of the Government’s First Home Owners Grants that can range between $7000 – $25000.

How Our Brokers Can Help First Home Buyers?

Buying a home is typically the biggest financial decision you will make, and it is necessary that you have the correct information about loans and buying property. As your mortgage brokers, we will guide you and provide assistance on home loans and on how to buy a property to help you make the right decision.
Mortgage Masters Queensland is a friendly and experienced team of mortgage brokers here to help residents in Buderim, Sunshine Coast, Caloundra, Maroochydore and surrounds. We have assisted many first home buyers in Queensland for getting a home loan approved hassle-free. We understand that first home buyers are unsure and unaware of the process of getting your home loan approved. We will walk you through the complete process of home loan and assist in the following process:

  • Explaining cost and steps involved in buying a home

  • Setting the right expectation of how much you can borrow

  • Organise Pre-approval

  • Apply for incentives for eligible first home buyers

  • Prepare all the paperwork and support you at each stage of your home loan process

We also help clients find the right solution for their personal and commercial finances.

 
 

What Should I Do Now?
To find out exactly how you can get into your first home sooner call us today!

How Do I Choose Which Home Is Best For Me?
When deciding on the area to live in, apart from considering proximity to family, friends and work commitments, you will obviously need to think about prices. Prices will vary greatly from suburb to suburb.

How Much Do I Need To Set Aside For Stamp Duty?
Stamp duty is a tax levied on the purchase of a property. It is calculated according to the purchase price of the property and the state or territory the property is situated in.

How Much Do I Need To Save For A Deposit?
The amount you need as a deposit will depend on the type of home loan and the lender you select. Generally you will require a minimum of 5% of the property value.

What Will My Repayments Be?
Your repayments will vary depending on your borrowing amount, interest rate and lender. Am I Eligible For The First Home Owners Grant?This one-off grant is available to First Home Buyers intending to live in the home they are buying. Basically, you are eligible if you are an Australian citizen or a permanent resident who is buying or building your first home in Australia and intend to occupy it as your principal place of residence within 12 months of settlement. Note that if you are purchasing the property in conjunction with others, they must also meet the same criteria for the grant to be available.

How Much Can I Borrow?
How much you can borrow, also known as your borrowing capacity, will depend on how much of a deposit you have, your current income and what expense commitments you have. It will also vary from lender to lender.

  • “Thanks very much for your assistance in this matter, we both really appreciate the way you made everything run so smoothly ad we absolutely love our new place!!”

    Emily Rehm

  • “Paul Menti is someone you need to know. I can personally recommend Paul as he’s been my family’s rock when it’s come to our financial matters over the past decade or so. Great to know he has my back. Thank you Paul you’re a champion.”

    Lynda Hunter

  • “Hi Paul, Thank you for your assistance with my loan. At 79yrs it isn’t easy to find a lender but you persisted until you found Vision Equity. Not satisfied with just anything but searching to find an equitable loan at the best interest possible. I truly appreciate all the time you have taken to ensure that everything went as smoothly and as quickly as possible (Even with a few obstructive actions by a company that will remain anonymous) and for constantly keeping me in the loop letting me know how we were progressing right up to settlement and what the final disbursements were. I have no hesitation in recommending you to friends and family. All good wishes.”

    Margaret

  • “Paul Menti was as professional as he was patient. Our situation was not easy, yet he pressed through the entire process with us, and I will certainly be giving him my further business and any referrals”

    Peter & Debra Urquhart

  • “Jon and I just wanted to say a big huge thank you for all the hard work that you put in while you were securing our mortgage. Due to your high levels of professionalism you made the whole process as painless as possible.
    We are now settling into our new home and loving it. So we wanted to take the time out to thank you again. We look forward to doing more business with you in the future and recommending you to all of our friends. Thanks a million!”

    Aveen & Jon Kerr

 Let’s Work Together

We work with our clients to understand their needs so we can provide them with the highest quality advice possible.