First Home Buyer Loan: 
Get Expert Advice and Support

Buying your first home can be an overwhelming process, with steps you're unsure of. As a first home buyer, having a mortgage broker isn't an option -- it's a necessity. Our home loan broker in Melbourne will guide you through every step of the mortgage process, helping you gain peace of mind with expert advice and support. We'll find the best home loan to suit your needs and help you with all things finance-related.

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Find The Best First Home Buyer Loan

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Buying a home should be fun and exciting – not frightening. But it’s easy to see why some people can feel overwhelmed. From the second you start looking at mortgages, there are different terms thrown at you and you may not know much about the general property-buying process.

Fortunately, you don’t have to figure everything out by yourself. At What If We Finance, we have expert home brokers in Melbourne who will help you find the best first home buyer loans for your situation. Whether you’re a first-time buyer or you’re planning on moving to a new home, we explain the various mortgage options available and assist you at every step of your home buying journey.

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Home Buying Requirements

Everyone's situation is different but when it comes to home buying requirements, you should prioritise on three things: your house deposit, the house you want to buy and your home loan rate.
When looking for a good deal on first home loans, the interest rate matters. As home loans are long-term debts, even the smallest difference in interest will add up over time.
A professional mortgage broker for first home buyers in Melbourne will help you with the following:

  • Compare home loan rates - your broker will offer you with loan options personalised for your circumstances. With so many lenders to choose from, having expert by your side will help you choose the best loan that could save you thousands of dollars over time.
  • Get pre-approval to buy - your broker will guide you throughout the loan pre-approval process. A pre-approval shows you're eligible to apply for first home loans up to a specific amount. It allows you to set an affordable price range, telling property sellers you're serious about buying.
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Applying for First Home Owner Grant/Duty Concessions

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As a first home buyer, you may be eligible for a grant and/or duty concession or exemption. To qualify as a first home buyer, you must be buying your first home, move into the property within 12 months, and reside there for at least six continuous months.

•  First Home Buyers Assistance Scheme
Partial or full exemption on transfer duty

•  First Home Owner Grant (New Home)
Offers 10,000 towards the purchase price, in addition to the benefits of the First Home Buyers Assistance Scheme

Find out more about their requirements by talking to What If We Finance. We have a mortgage broker for first home buyers in Melbourne who is knowledgeable on the overall application process.

An Expert Mortgage Broker For First Home Buyers In Melbourne

What If We Finance guides first-time home buyers through the complex loan process. We get you pre-qualified for free – even before you find your new home! With a variety of lenders and loan options to choose from, you can buy your first home with little downtime and select a loan that meets your unique needs.

Our mortgage broker services for first home buyers in Melbourne have helped hundreds of clients build their perfect home-loan application, make a mortgage work according to their needs and open the doors to their dream homes. We’ve done it for them, we can do it for you too!

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Construction Loans

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With a construction loan through our home loan mortgage brokers in Docklands, you will have access to quality financing for your future home build. We will take care of every aspect so you can focus on the planning phases of your new home. Our brokers will simplify the process and walk you through financing your home build, providing expert guidance every step of the way.

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Types of Home Loans

With so many first home buyer loans available in Melbourne, it can be hard to know which one's best for your situation. Let's take a look at the standards types of first home loans so you know what to expect from each one.
•  Variable rate loans
With variable rate loans, your repayments depend on the rises and falls of interest rates. If rates go down, so do your repayments. If rates go up, your repayments will rise too. In a lower interest climate such as Australia, variable rate loans be a good option as a first time home buyer loan.
A variable rate loan's important feature is that you can make extra repayments to pay off your loan sooner, at no extra cost to you. Additionally, you have the option of 100% offset, which you won't get with a fixed rate loan.

Fixed rate loans
With fixed rate loans, your interest rate is fixed for a specific period of time -- typically one to five years (it's higher for investment properties). Once the period's up, you can switch to a variable rate loan or opt for another fixed rate period.
The ultimate advantage of fixed rate loans is the certainty they offer. You know the exact amount of your repayments. You're also choosing certainty and security over flexibility, which will help you budget better. The major downside is that if interest rates fall, you won't get the benefit of lower repayments.

Split loans
Do you want features such as 100% offset and the certainty of fixed repayments? A split loan is for you -- part variable, part fixed.
How do split loans work as first home loans? Basically, you have two smaller loans that equal to the total amount of your loan. For instance, you might borrow a total of $500,000, but fix $300,000 and then keep $200,000 as variable. Think of split loan as a hedge -- if interest rates fall, you're better off than if you'd chosen a fixed rate loan. Conversely, if they were to rise, you're better off than if you'd just gone with a variable rate loan.
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As selecting the best home loan can be daunting, don't feel like you have to do everything on your own. Contact your friendly home loan broker in Melbourne from What If We Finance and we'll help you throughout the entire process.

The What If We Finance Advantage

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  • Speed – Fast and efficient, our Melbourne-based home brokers strive to close loans on time every time.

  • Convenience – We can meet any place convenient to you — be it at your office, your home or our headquarters in Melbourne CBD. We also offer meetings and consultations over the phone or via video conferencing apps!

  • Expertise – Our expert, independent mortgage advice makes buying your home easy. Your dedicated adviser will learn about your needs and situation before narrowing down your options and managing the rest of the process for you.
  • 7 Days a Week – Unlike banks or other lenders, our mortgage brokers are available during the weekends and work flexible hours. Meetings can be done in person, over the phone or via email any day of the week during business hours.

  • “We Make Finance Simple” – We make finance easier for you because we know banks, loan products and loan terms. We sift out what’s going to work for you, and what won’t. We know where to go and what you need to provide to get you the finance you’re looking for.

  • Services are Free – We do all the legwork to arrange your mortgage with a lender — and we’ll never charge you a dollar for it! We’re completely fees-free.
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Our Process for Mortgage Success

Step 1

Our home loan mortgage broker services in Docklands and beyond start the moment you call us or fill out our website’s contact form. After you get in touch with us, we will reply to you as soon as we can. You can also opt to call our landline number to speak directly with us with your concerns and queries.

Step 2

We can schedule meetings to be held over the phone, in person, via email or virtually. The choice is up to you.

Step 3

We will then listen to your unique situation and the goals you hope to achieve with your mortgage loan. Afterwards, we do our best to find the best loan that fits your requirements.

Step 4

We then guide you through the entire mortgage loan process: from pre-approval all the way to underwriting and closing. We organise all the paperwork, finance, approvals and more.

Home buying is simple with us. We have a lot of options for the right mortgage deal for your dream home, and we’ll help you make
informed decisions every step of the way. Talk to our experts today.

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See What Our Clients Are Saying

  • I begun my application for a mortgage to buy my first home as a single right in the heart of a pandemic, and while my work circumstances were all up in the air. Naturally, these circumstances were not ideal, and because of this other brokers I contacted didn't want to work with me. When I initially contacted Spiro, he instilled me with confidence - he assured me to not worry and that I would be approved for the mortgage I needed. He was someone that I could trust to sort everything out on my behalf and the entire process of getting a mortgage was stress free for me. Spiro has a wealth of information and experience and this shows through the way he operates. The service he provides is not something you would receive from your run-of-the-mill broker - he is truly exceptional. I couldn't be happier with the service I received. Every step of the process was handled professionally but also personably. I look forward to working with Spiro again in the future when I decided to refinance. I highly recommend his services, and will be referring friends, family, and colleagues. Thank-you Spiro and Agnes at What If We Finance!
  • Thank you to Spiro and Agnes for the exceptional service received, especially during these challenging times. They were prompt to solve all of my queries and the communication was beyond excellent. They guided me at every step of the way and made the entire process feel like a breeze. Will recommend them to all my friends, colleagues and relatives.
  • I first made contact via telephone and was looked after by Spiro and his team. From that very first moment they were able to attend to my needs and solve my queries in a knowledgeable and professional manner. Their personal approach and excellence in customer service is what ultimately made the decision of choosing them over their competition very easy. Much recommended. Thank you once again Spiro and Team.
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  • I am a first home buyer so I had very little knowledge about how the process worked. I can’t imagine how I could have done this without him. Spiro visited me at my home several times and made sure I was aware of everything that was going on. I couldn’t recommend him highly enough. Thank you for helping to make my dreams come true.
    My dreams come true in my first Home
  • I am extremely impressed with the level of professionalism and quality of the service that I received. Spiro has been absolutely great. He offered advice and help which extended beyond the call of duty. I was kept informed of the progress of my finance application at every stage of the process. If you are looking for excellent service and advice, I would strongly recommend that you use this broker. Definitely the best decision that I have made.
    Friendly and our mortgage broker went beyond the call of duty

Frequently Asked Questions

Why do I need a mortgage broker?
Mortgage brokers identify loans that meet your needs and then compare terms and rates so you don’t have to. They offer mortgage products from a wide network of lenders, giving you access to a greater range of products than loan officers.
Which loan is right for me?
What If We Finance will help you find which of the hundreds of home loans will best fit your needs. It’s our passion to be strategic and ensure you get the perfect home loan for your unique situation.
What is the first home owner grant (FHOG)? Am I eligible for it?
Funded by the Federal Government, the FHOG scheme is administered through each state. The amount available ranges from $7,000 to $26,000, depending on the state you live in. For residents in Victoria, find more information here.

To be eligible for FHOG, you and your spouse should not have previously claimed the grant or owned a home.
How do I apply for a loan?
Your mortgage broker will complete all the requirements and applications to ensure your home loan has the optimum chance of success.
Do I have to pay my mortgage broker?
At What If We Finance, our services are free! We are paid by the lender of your choice. We go to great lengths to ensure you get the best deal. This ensures you not only experience great service, but you also save money.
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