First Home Buyers

Buying your first house or apartment can be an overwhelming experience. Finding the right home to buy is hard enough – and that’s only one of the many steps you need to take before you can move in and start living the Great Australian Dream.

With so many things to take care of, the process can be very stressful. Luckily, you don’t have to do it alone. At Unified Loans, we have helped many first home buyers take that first step into owning property. We’d love to help you do the same.

Read on to find out everything you need to know about buying your first property, or if you’d like to speak to someone, you can book a free, no obligations assessment with one of our brokers.

Book your free assessment using the link below, and our experienced team of brokers will arrange a time to speak with you about your needs.

Tips for First Home Buyers

Do the groundwork before you start your property search

  • Before you start looking at properties, you need to do some groundwork. First and foremost, you need to take a hard look at your finances. You should investigate the loan amount you can qualify for and determine what kind of repayments you can afford without overextending yourself.
  • It’s also worth taking some time to look at the various grants that are available to you as a first home buyer. For example, the QLD government will give you up to $20,000 if you are buying a new house or apartment.
  • The best thing to do before you start searching for a home is to get pre-approval for a home loan. This means that you know exactly how much you can afford to pay and will help you narrow down your search.

Do your research and take your time

  • Buying the right house takes a lot of consistent hard work and time. If you just go out and buy the first house that you see, chances are that you will get sub-optimal results.
  • Before you start looking, you should write down a list of what you’re looking for. What area would you like to live in? How many bedrooms? What other features would you like to have? What are you willing to compromise on, and what is a ‘must-have’?
  • Once you have a good idea of what you’re looking for, you should get into a routine of searching for homes. For example, you could dedicate time every evening for research and attend inspections on the weekend.
  • There are also plenty of resources that you can use to learn more about property purchase. You can research online, read books, or get advice from an experienced professional.

You don’t have to do it alone

  • There are a lot of steps to consider and paperwork to be completed. It can be easy to make a mistake or miss something if you don’t have experience in the process. A good mortgage broker knows the entire process inside out and can help you every step of the way.
  • At Unified Loans, we have helped many first home buyers like you. Our team can assist you with every step of the process. As an independent broker, we have access to many lenders and hundreds of different products.
  • The best part is that you don’t need to spend all that time finding the best loan – we do the legwork for you.

Here’s how Unified Loans team can help you buy your first home

  • Determining your maximum borrowing capacity – During your free assessment, we will be able to help you figure out how much money you can afford to borrow
  • Figuring out your repayments – We can also help you to understand how much you can expect to pay in mortgage repayments at various loan amounts. This will ensure you don’t overextend yourself and end up with a loan that you can’t afford.
  • Identifying unexpected costs – Buying a home costs more than the price of the house itself – there are many fees and expenses that you will come across along the way. We can prepare you, so there will be no surprises.
  • Eligibility for grants – As a first homeowner, you may be eligible for government grants. We can evaluate your eligibility and ensure that you maximise your chances of receiving a grant.

How to find the right home loan

Hundreds of different loans are available to Australian homebuyers through various lenders.  If you’re not experienced, it is tough to sort through all of your options to make sure that you’re getting a loan that’s right for you. Luckily, you don’t have to.

At Unified Loans, our experienced team knows everything there is to know about home loans. Based on your unique needs and circumstances, we will compare your options across all your available choices. We have access to over forty different lenders, which means you can pick and choose the best loan rather than just accepting what your bank offers you. If you have unusual circumstances, we can also assist you with that too. Here are some of the specialist services that we can offer:

  • Specialist loans for professionals – if you’re a doctor or accountant, we can give you access to loans with lower interest rates or get your LMI completely waived. These loans usually aren’t accessible directly.
  • Guarantor Loans – if you don’t have enough money for a deposit, we can arrange a guarantor loan which could let you borrow up to 105% of the property value.
  • Unusual employment loans – if you are self-employed or a contractor, it can be more challenging to get a loan. We can help you navigate the process and get approval.
Buying a home is stressful enough. So let our team do all the legwork and find you the right loan so you can focus on what really matters – buying the home of your dreams.

Why Unified Loans?