First home buyer | Mortgage broker Landsdale, Yanchep, Hillary’s & surrounds

Start your home loan journey today

Buying your first home

There aren’t many things in life that are more exciting than buying your first home, especially if you’ve been scrimping and saving up for a long time in preparation. It can also be daunting, with many unfamiliar steps and processes to undertake. Fortunately, with Beulah Kufa as your Mortgage Choice broker in the Yanchep area, you are in good hands. Beulah will take care to answer your questions clearly, without any tricky technical jargon.

As a first home buyer, you can rely on Beulah to

Act with your best interests in mind
Support you all the way from pre-approval to settlement
Give transparent, practical advice
Assess your finances honestly
Help you make informed decisions about your home loan

As well as this, Beulah will find you the right loan from a broad selection of lenders, and complete all of your application paperwork. All of your time and mental energy can be saved for moving house, and Beulah will do the hard work for you. Best of all, these services are provided to you absolutely free of charge!

Your borrowing power as a first-time home buyer

When you are buying a home, your lender will want to ensure that you are capable of paying back the loan. The amount you are able to repay is called your borrowing power. This is calculated based on your income and financial commitments. Try out our free online calculator to get an idea of your borrowing power!

Borrowing power calculator

Your loan to value ratio (LVR) is also an important factor in how much you will be able to borrow. This is based on the value of the property you are buying and the size of your deposit. When your LVR is higher than 80% - if your deposit is less than 20%, in other words - lenders will usually require you to take out lenders mortgage insurance (LMI) with your loan. Ideally, this is a cost you would want to avoid, so you should aim to increase your deposit or search for a slightly cheaper property. Want to know your LVR? Use our simple calculator!

LVR calculator