First home buyer | Mortgage broker Coburg, Brunswick & Pascoe Vale South

Start your home loan journey today

Buying your first home

Getting ready to buy your first home is an exciting financial milestone in your life - and potentially one of the biggest. You want to start off on the best foot possible, and that includes getting the best home loan possible. Choosing the right one can be confusing and time-consuming, especially when you’re a first-time buyer. Fortunately, Sam Farfoud is here as your mortgage broker in Coburg, Brunswick and Pascoe Vale South - ready to help you through every step of buying your first home.

When you work with Sam, he ensures that the process runs as smoothly as possible so that you don’t need to worry about a thing. Sam will take care of

Assessing your borrowing power
Evaluating whether you are eligible for various government grants
Offering advice about your finances and loan
Finding the perfect loan from a broad selection of lenders
Completing all your paperwork
Guiding you through to settlement and beyond
And answering any questions you may have along the way

You don’t have to go through this complicated process alone! With Sam, you can rest assured that you are getting the best loan possible without the headache of searching for yourself. Sam genuinely cares about helping you get into your first home, and recognises that every person’s situation is different, giving you an unmatched level of personal service. Get in touch with him as soon as you decide to buy a home to get all the valuable advice you need!

Using a guarantor

Saving up for a house deposit can be tough, especially when you are already renting. A guarantor on your loan can be helpful, particularly for first-time buyers trying to get into the market with a smaller deposit.

Your guarantor, who is usually a close family member, offers up part of their own home as security on your loan. This means you can avoid paying the significant cost of Lenders Mortgage Insurance even if your deposit is less than 20% of the house value. However, this means that should you default on your loan, your guarantor will be responsible for the payments, so it’s not a decision to take lightly.