Buying your first home should be all about popping bottles of champagne and celebrating with family and friends. However, with so many steps involved, it’s often an overwhelming process that can overshadow one of life's biggest milestones. Here at Your Advisor Group, we make getting the keys to your first home as seamless and stress-free as possible. Our team of Gold Coast mortgage brokers and credit specialists will do all the research involved to find you the most suitable loan whilst ensuring you understand:
We believe in setting our customers up for the future and a big part of that is giving you the confidence to make major decisions knowing you’re backed by a team of knowledgeable professionals.
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Variable Rate Loan
A variable rate loan means the interest rate will fluctuate with rate rises or reductions, however it gives you the flexibility to make additional repayments, redraw and have an offset account.
Fixed Rate Loan
A fixed-rate home loan is a way of avoiding rate fluctuations and can make budgeting easier, however, it means you’re limited with making additional repayments during the fixed term and will often have limited features.
Split Loan
A split loan allows you to split your loan into two or more loan accounts and have both fixed and variable options within the same loan. This gives you the flexibility of a variable rate and the consistency of a fixed term.
Packaged Loan
Packaged loans are a great way to have multiple loans in the same place. They often come with unique discounts and deals on other products, and often have a one-off annual fee.
Introductory Rate Loan
An introductory rate loan is where a customer is offered a low interest rate for the initial stage of their loan. Once this term expires, the rate will move to the standard variable rate.
Interest Only Loans
An interest only loan means for a set term the principal balance will remain unchanged while payment is only made to cover the interest, a strategy commonly utilised by investors
Guarantor Home Loans
A guarantor home loan is where someone (the guarantor) uses their equity to help you purchase a property. Guarantors are typically family members such as parents or grandparents.
From the first phone call to settlement day, our goal is to help you enjoy the process of being a first home buyer. When you work with our professional brokers at Your Advisor Group, the process goes like this:
Discovery Call
We'll ask you a few questions about your circumstances and goals before discussing borrowing capacity, opportunities, grants and next steps.
Information
After our initial discovery call, it’s time to gather some essential supporting information from you. This is a simple checklist process done via our unique platform using your phone, tablet or computer.
Research, Research, Research
So we have your information and we understand your goals. We’ll now research and compare over 60 lenders and provide you with a suitable loan recommendation and buying strategy.
Application
Once we’ve helped you find a suitable lender, we’ll handle the whole application process including packaging your documents, signing of lender forms and lodging your application for pre-approval.
Pre-Approval
After securing pre-approval, you’ll know exactly how much you can borrow. This amount is typically valid for three months and gives you a clear understanding of your budget and buying capacity. Let the house hunting begin!
Seal The Deal
After riding the wave of excitement that comes with searching for that perfect home, you’ve found the one and made an offer. This is where we shine! We’ll guide you through the buying process, including dealing with agents, dealing with conveyancers and everything else involved in buying a home. At the same time, we’ll convert your pre-approval to a full and final approval. The “SOLD’ sign goes up and it’s time to celebrate.
Celebrate
Time to pop the champagne and soak up this special moment! We’ll let you know when everything is finalised and the lender has released the funds.
Federal
The First Home Loan Deposit Scheme (FHLDS) is an initiative that allows eligible buyers to purchase a home with a deposit as low as 5%, without the need for Lenders Mortgage Insurance (LMI).
The First Home Super Saver Scheme (FHSSS) enables first-home buyers to save funds for their home deposit within their superannuation, benefiting from the super system's tax advantages.
State
Queensland offers a grant where eligible first-home buyers can receive up to $30,000 for buying or building a new home. This grant covers new houses, units and townhouses, including off-the-plan purchases. Stamp duty exemptions are available for properties up to $550,000, with concessions for higher-priced homes.
Book a free 15-minute discovery call today!
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Your Advisor Group Pty Ltd ACN 631535236 is authorised under LMG Broker Services Pty Ltd ACN 632 405 504 Australian Credit Licence 517192
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Terms and conditions
The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
1There may be occasions where you may be charged a fee by your broker.
2Your broker is able to assess each lender's approval times and identify those that can provide approval quickly, however this is subject to change and can vary significantly based on how complex is your loan application and how quickly you’re able to provide the information we need.
3Not all lenders are available to all brokers. The exact details of the lenders your broker has access to is disclosed within the Credit Guide your broker gives to you when providing credit assistance or is available upon request.
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