First Home Buyers

Buying your first home is an exciting milestone, yet it can be one of the most significant financial decisions you'll make. At Solve It Finance, we specialise in assisting first home buyers in Perth, WA, by providing access to Home Loan options from banks and lenders across Australia. Our goal is to simplify the process of buying your first home by offering personalised guidance and support every step of the way. Whether you're looking to understand the intricacies of interest rates or seeking advice on the first home owner grants (FHOG), we're here to help you achieve your homeownership dreams.

One of the first steps in buying a home is understanding your borrowing capacity. It's crucial to consider your financial situation, credit history, and loan to value ratio (LVR) when applying for a home loan. At Solve It Finance, we help you assess these factors to determine how much you can borrow, ensuring you're well-positioned to make a competitive offer on your desired property. We also guide you through checking eligibility to access lenders mortgage insurance (LMI) waivers, which can significantly reduce upfront costs.

First home buyers can benefit from various incentives like interest rate discounts and the first home owner grants (FHOG). Our team at Solve It Finance is dedicated to helping you understand these benefits and how they apply to you. By providing access to banks and lenders nationwide, we ensure you have a wide array of Home Loan options with both variable and fixed interest rates. This access increases the likelihood of finding a loan that suits your unique needs and preferences.

The application process for a Home Loan can be complex, requiring careful attention to detail. From collecting bank statements to understanding the nuances of an offset account, there are numerous factors to consider. Our streamlined application process is designed to make applying for a home loan as straightforward as possible. We assist you in gathering all necessary documentation and provide support in getting pre-approved, reducing stress and uncertainty in buying your first home.

Understanding additional costs like stamp duty is another important aspect of buying a home. At Solve It Finance, we help you navigate these expenses, ensuring you're fully prepared for all financial aspects of your purchase. We also provide insight into investment loan options if you're considering your first investment property in Perth's vibrant property market. Our expertise extends beyond first Home Loans, offering guidance on investment loan applications and related financial strategies.

As you embark on this journey, it's essential to have a trusted partner who understands the local property market and can offer personalised solutions. By choosing Solve It Finance, you're not just selecting a broker; you're gaining a partner committed to helping you achieve your dream of homeownership.

Let Solve It Finance be your guide as you take these critical steps towards buying your first home. With our comprehensive support and access to banks and lenders nationwide, you're well-equipped to make informed decisions that align with your financial goals. Get started today by contacting us for a consultation and see how our expertise can make your home buying journey smoother and more successful.

1. Initial Consultation with your mortgage broker
   Your journey starts with a one-on-one conversation with your expert mortgage broker. We take the time to personally understand you and your financial goals, whether you're buying your first home, investing in property, or securing a commercial loan.

2. Assessing Your Financial Position
   Next, we’ll gather the necessary documents such as pay slips, tax returns, tax returns and details of your assets and liabilities. This helps us assess how much you can comfortably borrow. We’ll explain your borrowing capacity, and guide you on steps to strengthen your position if needed, ensuring you’re set up for success.

3. Exploring Loan Options
   Once we understand your financial picture, we’ll research various options from our large range of lenders to find the best fit for you. We’ll explore all aspects, including interest rates, loan features, fees, and terms, so you’re fully informed about your choices.

4. Pre-Approval Process
   Pre-approval is a crucial step in the property buying process. With pre-approval, you’ll have a clear idea of the loan amount you can borrow, which strengthens your position in the local property market. Your broker will help you gather the necessary documents and submit them to the lender for pre-approval, ensuring the process is as quick and straightforward as possible.

5. Submitting the Loan Application
   Once pre-approval is in hand, your broker will help you complete the application to unconditional approval. They will guide you through submitting all the remaining items to the lender such as a contract of sale and valuations. Your broker will communicate directly with the lender to ensure the application is processed quickly, ensuring no delays in getting you the loan you need.

6. Loan Approval & Settlement
   After your loan is approved, your broker will review the final loan offer with you and help arrange any necessary insurance, such as mortgage protection insurance. They will also work with you to ensure you understand the terms of the loan and guide you through the settlement process. Your broker will remain available to help you navigate any final hurdles before you complete the purchase of your property.

7. Finalising Ownership
   The final step is settlement, when your loan is officially advanced, and you take ownership of the property. Your broker will coordinate with the lender and conveyancer to ensure the transfer goes smoothly. Once the settlement is complete, you’ll officially become the owner of the property, and your Finance & Mortgage Broker will continue to offer guidance to help you manage your loan and stay on track with repayments.