First home buyer | Mortgage broker Blacktown, Plumpton & Riverstone

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Buying your first home in the Blacktown area

Buying any home is an exciting time, but particularly when it’s your first home. You may have been saving your hard-earned cash for months or even years, working hard to achieve this huge goal, and now you’ve finally made it - and the last thing you want is to spend time deciphering confusing financial information as you find a home loan.

When it comes to calculating your borrowing power, discovering your eligibility for government assistance, or helping you get pre-approval, no one is better suited to help you than Shehzad Azmi. He will guide you through each step, all the way from application to settlement, to ensure that the process is as easy as possible for you. With Shehzad, everything is explained clearly, and you are kept proactively informed throughout the progression of your application. Buying your first home couldn’t be simpler when you work with Shehzad as your mortgage broker.

The hidden costs of buying a home

Your deposit isn’t the only thing to budget for when you’re buying a home. There are multiple other upfront costs to consider, such as

Stamp duty
Pest inspections
Conveyancing
Application fees
Lenders mortgage insurance (if your deposit is less than 20% of the purchase price)

Shehzad can walk you through all of these costs and help decipher your borrowing power accordingly. You can also use our free calculator to get a better idea of just how much stamp duty will cost you!

Try the stamp duty calculator

Using a guarantor

Fortunately, there is a way to avoid the significant cost of lenders mortgage insurance (LMI). A guarantor, who is usually a close family member, can offer security on your loan. This allows you to enter the property market with a smaller deposit, but can have huge financial ramifications for both you and your guarantor if you cannot make your mortgage repayments.