First home buyer | Mortgage broker Doncaster, Templestowe and Eltham

Start your home loan journey today

Buying your first home

Buying your first home is complicated enough - let Matin do all the hard work of finding you the right loan! As your mortgage broker in the Doncaster area, Matin will make sure you feel educated and supported as you take this huge financial step. He will explain any unfamiliar concepts and ensure that you feel confident throughout your journey to home ownership, from pre-approval all the way to settlement. The sooner you speak with him the better, so book your obligation-free appointment to get all the best advice and tips to prepare your home loan application.

Using a guarantor to buy a home

If you are struggling to save up for a 20% deposit for your first home, you aren’t alone! The good news is that you may be able to purchase a home with a smaller deposit, while still avoiding the additional expense of LMI, when you use a guarantor. Your guarantor, who is usually a close family member, acts as security on your loan and negates the need for LMI. Choosing to use a guarantor isn’t a decision to take lightly, so talk to Matin about your options if this might be a viable path for you.

Calculating your borrowing power

Your borrowing power will depend on many factors, including your income, expenses, and any debts. When you are a first home buyer, calculating this figure can seem intimidating - particularly when it will likely dictate the kind of home you will be able to afford. That’s why Matin will take care to inform you of your borrowing power clearly and honestly, and help you understand your financial potential. He is always ready to speak to you, so don’t hesitate to reach out today. In the meantime, why not try out our free borrowing power calculator to get a better idea of your position?