First home buyer | Mortgage broker Walkerville, Payneham & Klemzig
Start your home loan journey today
Buying your first home
The undeniably exciting leap of buying your first home can also feel fraught with confusing property jargon and unfamiliar terms. From LVR to LMI, it might seem like there’s a million factors to consider as you prepare to finance your new home. That’s why it’s important to partner with someone that you can trust - like Kelly Smyth - to help guide you through the home loan maze and keep the process from becoming overwhelming.
How a mortgage broker can help you
Your mortgage broker, Kelly, will assist you through every step of the financing process, including settlement and beyond. She will
- Assess your financial position and offer advice about your borrowing prospects
- Search her wide network for a loan that is right for you
- Take care to explain things clearly
- Complete and submit your application paperwork
- Communicate honestly and proactively as your application progresses
Kelly will take the time to get to know you and understand your situation so that she can recommend the best course of action. You can take one more thing off your plate when Kelly is your mortgage broker, because she will handle everything when it comes to your loan!
Using a guarantor
Putting together a 20% home deposit can feel like a neverending battle! But, if your deposit is too small you will need to pay the substantial additional cost for Lenders Mortgage Insurance (LMI). Fortunately, there are a few ways to avoid LMI, including some government assistance schemes and by using a guarantor. Your guarantor, who is usually a close family member, acts as security on your loan, reducing risk from the lender’s point of view and negating the need for LMI. While a guarantor can allow you to get into the property market faster with a smaller deposit, it is not a decision to take lightly! Your guarantor will be responsible for your loan if you cannot meet your repayments, so talk to Kelly about your options before you make any decisions.
Resources for first home buyers
Download our free guides, made especially to help first time home buyers and full of useful tips.
If you are considering buying your first home, contact Kelly Smyth today on 0413 791 514
Kelly can also assist you with:
Smoother experience as they have all your information.
Better understanding of your financials to provide tailored advice. 
Faster response compared to being matched with a new broker.
