As a broker, I understand how important it is for first home buyers to get the best deal – one that suits you, and can help save thousands in interest and fees over the term of your first home loan.
There are numerous lending institutions in the marketplace and finding the best solution to suit your borrowing needs is vital, but at times not obvious. It is not simply a matter of comparing interest rates. As a first time buyer, you might not be aware of the types of mortgage to consider (table, reducing, revolving credit, interest-only or reverse annuity mortgages), the term of the mortgage and repayment options.
Hence first time home buyers seek the help of a professional mortgage advisor.
There are lots of different home loan options available when buying your first home. Each has different structures, rates, and fees. My goal is to find the best first home mortgage for your needs.
Some of the common ones are: