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Steve Smith

First Home Buyers | Mount Gambier, Robe, Naracoorte and Millicent

Start your home loan journey today

Mortgage Choice Broker - Steve Smith

Are you thinking about buying your first home? As your local Mortgage Choice broker in Mount Gambier, Steve is committed to ensuring you have the best home loan suited to your situation!

When you use our home loan service, we will help you take the time and hassle out of shopping around for the right home loan and we will even guide you through the home loan application. If you're ready to purchase your first property, get in contact with Steve Smith this week to discuss the next move.

Contact Steve today!

Should you purchase a property even if it means adding LMI (Lenders Mortgage Insurance)? 

When housing values are appreciating faster than the cost of LMI, it can make financial sense to buy today and pay LMI rather than holding out to save a bigger deposit only to end up paying more for a first home further down the track. 

LMI is a type of insurance that applies if you have less than a 20% deposit. As a first home buyer, you don’t have to shop around for LMI, your lender will arrange it for you. 

The catch is that LMI protects the lender, not you, if you can’t keep up the home loan repayments. So it’s often seen as a cost to avoid, especially as the one-off premium can be a major upfront expense.

Home loan resources for first home buyers

If you're researching the best way to enter the property market, then you may find our property guides useful. Check them out below by clicking the links.

Ready to purchase your first home? Give Steve Smith a call on 0424 555 585.

Steve Smith can also assist you with:

 


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