First home buyer | Mortgage broker Byron Bay, Lennox Head and Ballina

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Buying your first home in the Byron Bay region

Buying your first home is an undeniably exciting, and sometimes daunting, process. That’s why Sam is available as your friendly mortgage broker to support you every step of the way. Not only will he find you an amazing loan, but he will also communicate with your lender on your behalf, answer all your questions transparently, and guide you through every step of the home loan journey. He takes the time to understand your individual situation and make sure you get the best financial solution for your needs.

When is the right time to buy?

Waiting for the ‘right’ time to buy your first home can be a trap that leads you to delay the process and potentially cost you more if the market changes unfavourably. Focussing instead on being ready to purchase your home will allow you to get into the property market as soon as possible. To discuss your property-buying readiness, speak to your Byron Bay mortgage broker, Sam Iaconessi as soon as possible.

Using a guarantor to buy a home

If your home deposit is less than 20% of the purchase price, you will usually need to pay the additional cost of LMI to secure your loan. However, if you use a guarantor, you can avoid LMI, even with a smaller deposit, and purchase your home sooner. Your guarantor is usually a close family member, and they will act as security on your loan. However, the decision to use a guarantor isn’t one to take lightly, and it’s best to speak to Sam about your options so that both parties can understand their obligations.

Download the guarantor guide