First Home Buyer Broker in Melbourne

Our first home buyer brokers are financial professionals who act as an intermediary between you (our client) and prospective lenders and help arrive at a favourable agreement for both. We offer comprehensive support – from research and comparing different loan products to selection and streamlining the entire application and closing process; our team will do it all to ensure a seamless experience for you.

You can buy your first home with a deposit of as little as 5%, but the exact amount will vary from lender to lender. How much you can contribute as a deposit is one factor which influences our selection criteria – our first home buyer mortgage broker will only recommend options that fall within your budget. Also, several schemes like the First Home Owner Grant (FHOG) or the First Home Loan Deposit Scheme can help you with your deposit. Connect with us for more information.

Yes, our first home buyer brokers will help you secure all possible government grants and incentives. Several government schemes can support you in your first home ownership journey, and we are familiar with them all. With us, you will not miss out on anything that could help you save on your first home purchase.

There are several advantages of connecting with our brokers instead of going to the bank. While the bank will bring you limited loan products, we will bring you hundreds of options from both leading bank and non-bank lenders; our team will not just give you loan options but also do the legwork for you. Be it assistance with loan comparison, selection, application, approval or annual reviews, we do it all on your behalf and offer support throughout the lifetime of your loan.

Yes, we can help you speed up the entire loan application and approval process. As an experienced team, we are swift in our operations and ensure flawless execution. We will prepare the paperwork to ensure all required documents are in order, and submit a failproof application, preventing delays of any kind.

While it’s not a requirement, getting pre-approval before you start looking for a home can be a smart move. Pre-approval will help you determine your borrowing capacity and direct your search within your budget bracket. It will help you limit and streamline your search to a great extent, saving you time and effort.

Typical documents you'll need include proof of income (such as pay slips or tax returns), bank statements, identification, and details of your current debts and expenses. Once you connect with us, our first home buyer brokers will guide you through the process and ensure you are ready to submit a failproof application.

Yes, you can refinance your first home loan, and our team at Original Wealth can help you with that. If you think your interest rate is no longer competitive, wish to consolidate your debt or are aiming for better loan terms, refinancing can be a good option. Connect with us regarding your refinancing needs, and we will conduct a loan health check to determine whether refinancing is the right choice for you.

When it comes to your home loan, you will have two options – fixed-rate and variable-rate.

• Fixed-rate means you lock in the interest rate and pay the same amount throughout the lifetime of your loan.
• As for variable rates, the interest rate will vary depending on the prevailing market rate and will be subject to fluctuations.

Our first home buyer mortgage broker will take you through both options and help you make an informed decision.

First-home buyers in Melbourne are eligible for stamp duty concessions or exemptions. For properties –

• Valued at $600,000 or less, you get a complete exemption.
• Between $600,001 and $750,000, you get some concessions.
• Costing $750,000 or higher, you get no concession.

Also, to be eligible for the concessions, you must meet some eligibility requirements – for instance, you must be an Australian citizen, and the property should not be previously owned, etc. For more information, get in touch with our first home buyer brokers.