First home buyer | Mortgage broker Truganina, Werribee and Tarneit
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Buying your first home in Truganina
Buying your first home is an undeniably exciting, and sometimes daunting, milestone in your life and finances. Arpan, as your Truganina mortgage broker, knows that you will have many questions along the way, and is dedicated to supporting you to reach your property ownership goals. From informing you of your borrowing power to submitting your application, Arpan will guide you through every step and take care of all the difficult paperwork from your very first meeting with him. With access to a huge range of lenders and loans, Arpan will listen carefully to your unique needs to determine the right option for you. Just get in touch with him today to get started - the sooner the better!
Home loan pre-approval
Home loan pre-approval can be a useful tool to have in your arsenal, particularly when you are buying your first home. Knowing how much your lender is willing to offer you can give you many benefits when you’re going through the process of buying your home, including
- Budget certainty, both to search for the right place and plan your repayments
- A quicker and easier final financing process
- Confidence to make competitive offers without going over budget
- Making you more appealing to sellers
While not strictly necessary, pre-approval will certainly make your purchasing journey easier. Talk to Arpan today if you are planning to buy a home soon and let him take the stress out of your pre-approval application!
Using a guarantor to buy your first home
Saving up for your first home deposit can feel like an uphill battle, but if your deposit is less than 20% you will generally need to pay the additional cost of LMI - a cost that many would prefer to avoid. That’s where your guarantor comes in! Usually a close family member, your guarantor acts as security on your loan and negates the need for LMI, allowing you to purchase your home with a smaller deposit and get into the property market faster. If this is a path that you are considering, don’t forget to speak to Arpan first - he will explain all the pros and cons and help you understand your next steps.
Resources for first home buyers
Download our free guides for more information to help you buy your first home.
If buying your first home is on your mind, call Arpan Goel on 0414 730 731 to discuss your financing solution
Arpan can also assist you with:
