Becoming a homeowner has been a cherished dream for generations of Australians. However, navigating the journey to homeownership can feel daunting and overwhelming; this is where a mortgage broker can make a world difference.
At Intuitive Finance, we provide expert guidance and support throughout the entire first-time buyer journey. Our knowledge of first-home buyer schemes, understanding of lender approval requirements, and access to a wide range of lenders ensure that you secure the best financing solution for your needs.
With the right guidance, you can confidently take the first step toward becoming a property owner.
Let us help you turn your homeownership dream into a reality.
Modern Choices for First-Time Buyers
Today’s first-time buyers have more options than just purchasing a primary residence. With changes in the
property market and evolving lifestyles, many are now opting for property investment as their initial purchase.
Buying a Home
For many Aussie first-time buyers, purchasing a home remains the ultimate goal. This traditional approach allows you to own and live in your property as your primary residence, providing stability and the opportunity to build personal equity over time. With the right advice and financing, buying a home can be a fulfilling and financially sound decision, ensuring that your dream of homeownership becomes a reality.
Rentvesting
Rentvesting is a modern strategy for first-time buyers, where you purchase an investment property while continuing to rent in your preferred location. This approach offers several benefits, including the ability to invest sooner, live in areas you might not be able to afford to buy in, and build equity in income-producing assets. This equity can later be used for further investments or to purchase your own home. By adopting a rentvesting strategy, first-time buyers can kickstart their property investment journey sooner, reaping long-term financial benefits.
Prepare for Home Ownership
Most Common Home Loans
When it comes to home loan financing, there are two types of loans that are most commonly used across the board.
These options remain relevant even if, as a first home buyer, you’re utilising a guarantor or a first home buyer
government scheme.
Fixed-Rate Home Loans
A fixed-rate home loan is a mortgage where the interest rate remains unchanged for a predetermined period, typically ranging from one to five years. This stability allows you to plan your finances with confidence, knowing that your repayments won’t fluctuate regardless of changes in market interest rates.
Variable-Rate Home Loans
A variable-rate home loan is a mortgage where the interest rate can vary over time. This means that if interest rates decrease, you could pay less interest on your loan balance, potentially reducing your overall loan cost. They offer the flexibility to adapt to market changes, making them a popular choice for many borrowers.
First Home Buyer Guarantor Loans
One of the most popular home loan options for first-time buyers is a guarantor loan. These loans are particularly appealing because saving for a deposit has always been challenging. A guarantor loan involves a guarantee from another party—usually parents—who use equity from their own homes or portfolios to secure the deposit. This guarantee can cover the entire deposit or a percentage of it.
By using a guarantor loan, first-time buyers can purchase a property more quickly and may also avoid Lenders’ Mortgage Insurance, making the process more affordable and accessible.
Streamlined First-Time Buyer Financing Steps
Consult
Our mortgage brokers will start with an initial consultation to understand your needs and goals.
Gather
Next, we’ll collect the necessary information to confirm your financial status.
Review & Propose
We’ll review your financial position and present a tailored proposal with the best options for you.
Agree & Implement
Together, we’ll complete the application paperwork, negotiate with lenders, and make any necessary adjustments.
Complete
We’ll finalise the approvals and arrange for you to sign the formal paperwork.
Settle
Finally, we’ll coordinate the settlement process, ensuring everything goes smoothly.
Government Grants & Schemes for First Home Buyers
There are numerous First Home Owner Grants available, which can vary over time and are dependent on your state of residence. These grants often come with a range of criteria that can be confusing for first-time buyers to navigate. At Intuitive Finance, we are experts in home loans for first-time buyers, with a deep understanding of available first-time buyer grants. Our team, including mortgage brokers in Sydney and Brisbane, can help you maximise these opportunities to suit your situation, ensuring you apply correctly and make the most of the benefits on offer.
First Home Buyer Journeys
David
First home buyer
David, a sales representative and semi-professional footballer, was looking to buy his first home in Melbourne. His key challenges included arranging finance and navigating eligibility for the First Home Buyers’ Grant under State Government legislation.
Karl
Rentvestor
Karl is a professional AFL player looking to invest in property while playing football, allowing him to begin building a property portfolio that can help him build long-term wealth after his football career.
Our Commitment to the Community
With every loan we settle, you can choose to support Challenge – supporting
kids with cancer, the Movember Foundation, or the Lungitude Foundation.
We donate $20 to your chosen charity and make annual contributions. It’s our
way of giving back and helping those in need.