The thought of buying a first home can be incredibly daunting if you lack the required knowledge or experience. This is where a mortgage broker can really improve your home buying experience.

If you’re buying property for the first time, the best thing you can do for yourself is to have someone there to guide you through the process and provide advice and explanation at every step of the way.

The Genworth First Home Buyer Report 2021 surveyed 2,077 prospective FHBs, and 1,008 recent FHBs – and we’re pretty chuffed with the results.

Here’s what one respondent said:

“Go and see a professional broker in-person early on in the process. That way they know your situation and are able to best guide you through and help you out,” the 32-year-old recent FHB from WA said.

And he wasn’t alone.

Almost nine in 10 FHBs believe mortgage brokers help cut through the complexity in the home buying process.

The report also found a similar proportion of FHBs believe mortgage brokers provide reliable, trusted advice and information.

And finally, close to 90% of respondents said mortgage brokers provide valuable support during the home buying process.

So in a nutshell:

Trusted? Yep!
Jargon busters? Yep!
Reliable advice and information? Yep!
Valuable support? Yep!

How we could help you buy your first home

We have great resources available on our site that will give you a better understanding of your financial situation.

Our renting vs buying page will give you the ability to compare your current living situation with your future goals of home ownership. You might be surprised at how much you could afford with your current rent going towards a mortgage.

Additionally, our affordability calculator will assist you in deciding wether or not you’re ready for home ownership. It could also provide a clear goal for you to work towards.

Our stamp duty calculator will also give you a better idea of what your costs are going to be. Once you’ve looked at these calculators to get a rough idea of your financial position, we can work with you to cater your unique home-buying experience.

You might have noticed the property market has picked-up over the past 12 months, to say the least.

It’s left a lot of prospective first home buyers frustrated that the suburbs they were once focusing on have moved out of their price range.

While this may be the case for a lot of people, it’s not always the case.

There are a number of federal government schemes available to FHBs, including the First Home Loan Deposit Scheme – which can allow you to buy your first home with a deposit of just 5% without paying for Lenders Mortgage Insurance.

There’s also a range of state and territory government schemes designed to give FHBs a leg up into the property market, including first home buyer grants and stamp duty concessions.

Loanscope are experienced in working closely with clients. We pride ourselves on our communication with those who need our help, even being available after hours to fit with your busy lives. Unlike other brokers, we have staff who work on your paperwork, while our brokers have more time to talk with you and work one on one with you to walk you through the process. Our approach will give you peace of mind through such an exciting time.

For more information, give us a call today – we’d love to discuss your situation and help you make the leap from renter to first home buyer, and get you smiling as proudly as your dentist does!

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

Emmanuel Guignard (MBA)
Director & Principal Mortgage Broker
With over 15 years’ experience in the finance industry and a recently completed MBA in Financial Planning, Emmanuel leads the broking team at Loanscope. His experience includes working with a wide range of property investors, from first time buyers to investors with large property portfolios. This includes handling complex applications involving trusts, company structures and self-managed super funds. He also operates as a qualified mentor to other mortgage brokers via the FBBA mentor program.
Emmanuel Guignard