First Home Buyer Loans | Joondalup, Currambine and Iluka

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Buying your first home in Joondalup, Currambine, Iluka and surrounding areas

If you're looking to buy your first home but need help getting there, the help of a local Mortgage Broker could be incredibly helpful. As your local mortgage broker, Manu Gupta will take the time to explore your individual circumstances and goals to identify the right loan option for your needs.

We understand that everyone is different and how you get your foot on the property ladder will depend on your individual situation and financial position. That's why it’s important to do your research and to have a home loan expert in your corner.

3 things first home buyers should do first

Ready to purchase your first home? Buying your first home can be a complicated process so we wanted to help you out with these 5 tips to get you started!

Save for a deposit

When you’re ready to purchase a property, the lender will want to see a decent deposit built up to help support your loan. Most lenders use the general rule of thumb - the bigger the deposit, the better. Now we know that’s a lot easier said than done but don’t worry because there are a number of options you can choose from to help you get the loan across the line.

While we encourage you to save as much as possible before purchasing, you could also investigate using a guarantor to help you with the loan. If you would like to chat about this option, then give Mortgage Broker, Manu Gupta a call.

Learn good saving habits early

Having a history of regular savings could make it easier for you to get a home loan. As your mortgage broker in the Joondalup, Currambine and Iluka region, we would suggest starting a savings plan at least 6-12 months before you purchase a property. Start by setting up a budget and practice living on it.

Work in the additional costs of owning a home like additional bills, repair and maintenance costs, and include any extra that you would pay for a mortgage - this extra money can go straight towards your deposit.

Get in touch with your broker to organise pre-approval

If you’re buying a property in this market, then we would highly recommend you organise pre-approval first.

A pre-approved loan will give you:

A clear spending limit, so you’ll know how much you can borrow.
Extra negotiating power. This tells vendors you’re a serious buyer and in a position to act quickly.
Confidence to bid at auction.

To start your pre-approved loan process, get in touch with our friendly team!

Download our free first home buyer guide!

If you're looking at buying your first home it's worth knowing what Government help is available. This guide will walk you through all the grants and schemes to help you save.

Download it now