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HOME LOANS

First Home Loans

Buying your first home is an exciting time - but it can also be complicated - our job is to make it easy for you.
Getting into the property market is one of the biggest financial decisions you'll make. From confusing contracts and jargon filled paperwork to inspections and ultimately, sealing the deal – we’re here to give it to you straight. Like the homes on your wishlist, no two loans are the same. Step by step, we’ll help you make sense of the nonsense, and work with over 60 banks and lenders to find the loan most suited to your first home.

The loan process

From a quick chat to settlement, these are the steps to owning your first home.
  • Say hello
It all starts with taking about one minute to answer a few simple questions right here. When you’re done, we’ll meet to talk about your goals, opportunities and next steps, in person or online.
  • Get those goals
Once we know what you need, we’ll research 60 banks and lenders to provide you with loan recommendations best suited to your needs.
  • The nitty gritty
Found your lender? Well sit back. We’ll do the paperwork and package, sign and lodge your documents to get you primed and ready for pre-approval.
  • So… How much can you borrow?
If your pre-approval gets the tick, your borrowing power will be revealed. This amount is valid for three months and gives you a clear idea of what you can spend. Let the house hunting begin!
  • Seal the deal
After all the ups and downs of the home buying hunt, you’ve found a home and made an offer. While you pop the champagne, we’ll keep track of your application to ensure it all runs smoothly.
  • Settlement - your big day!
Get excited, it’s time for settlement. Sit back and enjoy the moment, we’ll let you know when everything is finalised and your lender has released the funds.

Loan types and features

There are a number of loan types available to you; variable rates, fixed rates, guarantor loans and more, scroll through some of the options below to get a better understanding of what the differences are. We’re here to answer your questions when you’re ready.

  • Variable Rate Loan

    As the name suggests, the interest rate can change over the life of the loan. This gives you flexibility, but can also leave you open to rate rises. These loans offer more flexible features like unlimited additional repayments, redraw, and offset accounts.

  • Fixed Rate Loan

    Basically, this is the opposite of a variable rate loan. Your interest rate and repayments will stay the same during the fixed term, no matter what. So no surprises.

  • Split Loan

    You're able to fix part of your loan, while leaving the rest variable.

  • Packaged Loan

    Professional packages offer discounts on standard variable and fixed rates, the waiving of fees, and in some cases, great deals on other products from the same lender. A packaged loan usually comes with one annual fee for the bundled products.

  • Introductory Rate Loan

    Also known as 'honeymoon' loans, these offer a low interest rate for a short period (eg. a year), after which the rate moves to the standard variable rate.

  • Interest Only Loans

    As the name suggests, you only pay the interest on the principal balance for a set term, with the principal balance unchanged.

  • Guarantor Home Loans

    A guarantor uses the equity they've built up in an existing property to help you purchase your property sooner. Guarantors could be your parents, parent-in-law or a step parent or grandparents.

FAQs for first home buyers

We've got your questions covered.

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© Loan Market | ABN 89 105 230 019 | Australian Credit Licence 390222Privacy Policy Terms and conditions Feedback and complaints Brisbane City Home Loans Pty Ltd ACN 657866334 is authorised under LMG Broker Services Pty Ltd ACN 632 405 504 Australian Credit Licence 517192
  • There may be occasions where you may be charged a fee by your broker.
  • Your broker is able to assess each lender's approval times and identify those that can provide approval quickly, however this is subject to change and can vary significantly based on how complex is your loan application and how quickly you’re able to provide the information we need.
  • Not all lenders are available to all brokers. The exact details of the lenders your broker has access to is disclosed within the Credit Guide your broker gives to you when providing credit assistance or is available upon request.
  • The way in which your broker will stay in touch with you will differ, however typically this will be via email. In addition you will be able to contact them for guidance as required. You are able to opt out of these communications at any stage.
**There may be occasions where you may be charged a fee by your broker.
Contacts
0455896410
andrew@brisbanecityhomeloans.com.au
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