With so many loans, lenders and grants available to you, it’s easy to see how you might find the process completely overwhelming and daunting! We’re here to help you every step of the way.
We handle the entire
loan process for you.
Compare lenders
Narrow your loan choices to just a handful of options, tailored to you.
Loan application
We handle all the paperwork making the entire process a breeze.
Full service
We provide expert advice and guidance from start to finish.
HOW DOES IT WORK?
Finance for first home buyers
As Glenelg based mortgage brokers, we have the experience and expertise to narrow the loan choices to just a handful of options, tailored to you. We’ll help you choose from these, manage the entire application process and secure the approval which gives you the go ahead to purchase your first property!
We appreciate this is a new experience and you may feel like a deer in the headlights. We’ll be there to help guide you through the buying process, explaining everything in layman’s terms and most importantly ensuring you enjoy every step of the way!
Frequently asked questions
Below you’ll find answers to the most frequently asked first home buyer finance questions.
Does it cost money to use a mortgage broker?
No, in most cases mortgage brokers are paid an upfront commission and trail or ongoing commission for the business they bring to the bank. These payments are paid by the lender, just as they would pay their own staff. This is a free service to the applicant.
What is a first home buyer loan?
A first home buyer loan is a type of mortgage designed specifically for individuals purchasing their first home. These loans often come with special incentives, such as lower interest rates, government grants, and reduced fees.
How much deposit do I need for a first home buyer loan?
The required deposit typically ranges from 5% to 20% of the property’s purchase price. However, some lenders may offer loans with a lower deposit, especially if you qualify for lender’s mortgage insurance (LMI). In some cases, if you have a guarantor, we can achieve a purchase with little to no savings at all.
Do you need a deposit with a Guarantor?
Having a Guarantor is a huge “leg up” to buying your first home and they are able to secure the deposit and the fees against their property so that you’re not out of pocket at all.
I feel like I’m never going to be able to save a 20% deposit…are there any other avenues to get into the market?
Absolutely! There are so many grants and amazing offers out there for first home buyers, you just need to know who to take it to and for what reason. This is why it’s so important to ensure you engage a Mortgage Lender Expert from day one!
WE’RE WITH YOU
So why MV Finance?
We make the finance process a breeze. Whether you’re starting your property journey with the dream of owning your own home or you’re an experienced property investor, we will help you make the most of your situation.
Compare lenders
We identify and compare top lenders to find the best rates and loan terms for your needs.
Save You Money
We analyse and compare loan options to find the most cost-effective solution for you.
Competitive rates
We ensure you receive the best possible interest rates available for your type of loan.
Expert Advice
Our team will educate and guide you through some of the biggest, and most exciting, decisions of your life.
Here’s what our clients say about us
Connecting you & the financial dots
Through carefully considered strategic finance our experienced team can meet your financial needs and together we can build a lasting relationship.
Ready to get started?
The options we explore for you depend on your situation. Book a meeting with one of our expert brokers so we can begin researching the best loan option for you.
