First home buyer | Mortgage broker Mount Druitt, Rooty Hill and Blacktown

Start your home loan journey today

Buying your first home in the Mount Druitt region

The excitement - and sometimes stress - of buying your first home is unmatched! That’s why Fiona is here to guide and support you through this huge financial step. There’s no need to spend time stressing about your financing with Fiona on your side, because she will do all the hard work for you. All of your questions, no matter how big or small, are answered by Fiona, and she will make sure that you feel confident and empowered going into this decision.

Talk to Fiona

Getting home loan pre-approval

One of the first crucial steps in buying your first home is to obtain pre-approval from your chosen lender. Pre-approval tells you the amount that you will be able to borrow, allowing you to plan your repayment budget and start searching for homes that fit within your budget. Pre-approval can also help you

Make strong, competitive offers
Avoid overextending yourself
Understand how realistic your property vision is

While it might seem like an unnecessary extra step in your home-buying journey, pre-approval is a useful tool to have in your arsenal. And with Fiona as your mortgage broker, securing pre-approval is a breeze! Fiona will make sure that all your paperwork is in order and that you have the best possible chance at getting your loan approved.

What is LMI and how can you avoid it?

Lenders mortgage insurance, commonly called LMI, is an additional fee that you may be charged by your lender if your deposit is less than 20% of the property purchase price. This charge acts as security on your loan as you are seen as a higher risk by the lender. Fortunately, there are several ways to avoid paying LMI, including using a guarantor or utilising some government assistance schemes. This allows you to make the most of your budget and get into the property market faster despite having a smaller deposit amount. The options available to you will vary depending on your circumstances, so it’s important to chat with Fiona early on to get a clear picture of your financial situation.