First Home Buyers

Buying your first home is an exciting milestone, and one of the most significant financial decisions you will make. At Solve It Finance, we specialise in helping first home buyers in Perth, WA access home loan options from banks and lenders across Australia. Our goal is to provide personalised guidance and support at every step, so you feel confident and informed throughout the process.

One of the first steps is understanding your borrowing capacity. Your financial situation, credit history, and loan to value ratio (LVR) all play a role in determining how much you can borrow. We help you assess these factors so you are well-positioned when making an offer on a property. We also guide you through eligibility for lenders mortgage insurance (LMI) waivers, which can significantly reduce your upfront costs.

First home buyers in Perth may be eligible for a range of incentives, including the First Home Owner Grant (FHOG) and interest rate discounts. Our team will help you understand which benefits apply to your situation and how to make the most of them. With access to a wide panel of banks and lenders, we present you with home loan options across both variable and fixed interest rates, so you can choose what suits your needs.

The home loan application process involves careful attention to detail - from gathering bank statements to understanding how an offset account works. We assist you in preparing all necessary documentation and support you through pre-approval, reducing uncertainty as you move forward with your purchase.

Understanding additional costs like stamp duty is also an important part of buying your first home. We help you plan for these expenses so there are no surprises along the way. If you are also considering your first investment property, we can provide guidance on investment loan options and the strategies that go with them.

For those thinking about building rather than buying an established home, our team can also walk you through construction loan options available to first home buyers in Perth.

Choosing Solve It Finance means having a dedicated partner who understands the Perth property market and is committed to helping you achieve homeownership. Book an appointment today and take the first step towards owning your first home with confidence.

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.