First Home Buyers
Buying your first home should be fun and memorable for all the right reasons and we want to be by your side from start to finish, enjoying the process with you.
Home Loan Services
The excitement of being a first home buyer
Congratulations! You have decided to buy your very first home. It’s an exciting period in anyone’s life. Unfortunately, the feeling of excitement is often soon followed by feeling overwhelmed and anxious about how to secure your first mortgage.
You will have opinions coming from everywhere and at the end of the day, you need to make sure that when you are making your decision, you feel comfortable in your approach.
At GA Finance, we do everything possible to simplify the process, ensuring a premium level of professionalism to make sure that you are in the best state of mind to be making big decisions.
Buying your first home should be fun and memorable for all the right reasons and we want to be by your side from start to finish, enjoying the process with you.
How it works
If you’re thinking about getting into the property market, it’s important to make sure that your finances and expectations are in order. This is what you can expect when you take the first step to buy your first home.
Step #1
Step #2
Step #3
Step #4
Step #5
Step #1 Identify your homeowner goals.
Step #2 Meet with your mortgage broker.
Step #3 Understanding your situation
Step #4 Preparing the application
Step #5 Completing the loan documents
Why choose GA Finance for your first home
We're with you every step of the way
Our focus is on customer service and we'll be there every step of the way from finding the right home to moving in, saving for your next home, or living your lifestyle dreams through other finance options.
Friendly and professional service
Our team is highly trained and dedicated to finding you the right solution fast so all you have to do is sit back and relax while we secure an account tailored specifically to suit all your needs including saving, borrowing money, and enhancing savings.
We're just next door
As a locally owned business, our team knows the area incredibly well and can provide great insight into what's going on, as well as helping you negotiate with real estate agents on your behalf. Our knowledge and relationships within the community help us provide you with a win-win situation!
FINANCE IS CONFUSING - ASK AWAY!
Frequently asked questions
Pre-approval, or conditional approval, is when you approach a lender when looking to buy a home and ask them to pre-approve you to borrow a certain amount.
For example, the lender might provide an offer for a loan of $500,000, meaning you can borrow up to that amount. This can give you a good indication of whether you’ll be successful in applying for a loan or not, while also narrowing your search for houses in that price range.
It is important to know that a pre-approval is not a guaranteed loan approval! It is however a strong indicator that you are likely to be fully approved for a loan. A guaranteed loan approval requires further detail to be submitted, such as a full credit check and supporting evidence.
It can depend on the value of the property, the repayments you can afford and the lender you choose to go with.
Generally, if you’re buying your own house you will need to deposit at least 20% of the value of the property to avoid paying for Lender’s Mortgage Insurance or LMI, however, a 10% deposit will usually still allow you to secure a loan.
The First Home Owners Grant (FHOG) is available to Australian citizens or permanent residents who wish to buy or build their first home. The property needs to be the buyer's principal place of residence within 12 months of settlement. Contact us directly to find out more about eligibility requirements in your state and how much grant money you might receive.
Stamp duty is an upfront cost you’ll have to pay when buying a property (in most cases). Stamp duty is a tax imposed by all state and territory governments in Australia and covers the cost of transferring the title of the property to your name.
As a general rule, the more expensive the property, the more expensive stamp duty will be. Stamp duty concessions for first home buyers can make buying a home much cheaper, but these concessions only apply in certain situations.
If you would like more information, we would be happy to answer any questions you have.
There are many different loan products available and each lender will offer slightly different repayments and interest rates, so you will get a better understanding once you start the lending process.
If you would like to get an estimate, have a look at our online calculators to get an idea of what your loan repayments will likely be.
You shouldn’t have to be a
finance expert to get the best result.
We make the over-complicated seem easy, so you can walk away being the expert of your own finances.
