First home buyer | Mortgage broker Melton, Sunshine and Caroline Springs

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First home buyer in Melton

Buying your first home is an undeniably exciting time, but it can also be stressful and overwhelming. That’s why Junalyn is here as your Melton mortgage broker - to answer all your questions, take care of the tricky paperwork, and simplify the process for you. Junalyn will advise you of your borrowing power, find you a great loan, and handle all of the application process while keeping you informed at every step. Take the stress out of purchasing a home and speak to her today.

What help is available for first time buyers?

As a first-time home buyer, you may be eligible for several different government schemes and grants, depending on your circumstances. These can help you get into the property market faster. Eligibility criteria for this type of support are generally very strict, so talk to Junalyn about your options as soon as possible to get a clearer idea of your position.

Using a guarantor

If your home deposit is less than 20% of the property purchase price, you will usually be required to pay the additional cost of LMI. However, this can be avoided when you utilise a guarantor. When you use a guarantor, a close family member acts as security of your loan, negating the need for LMI and getting you into your dream home faster. Your guarantor will also be responsible for your loan if you cannot repay it, so this is not a decision to take lightly!

Download the free guarantor guide