Helping Australians buy their first home

Simple Lending helps Australians who are First Home Buyers access a Home Loan plus understand any Grants and Discounts that they are eligible for

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We help Australians buy their first home

Purchasing your first home is a significant milestone, and at Simple Lending, we're here to guide you through every step of the journey. We understand that buying your first home can be both exciting and daunting, which is why we offer tailored advice and support to help you navigate the complex property market. Whether you need assistance with understanding loan to value ratio (LVR), interest rates, or lenders mortgage insurance (LMI), we have the expertise to make your dream of home ownership a reality.

One of the first steps towards buying your first home is understanding your borrowing capacity. This involves a thorough assessment of your financial situation, including your credit history, income, and existing debts. By reviewing your bank statements and other financial documents, we can provide a clear picture of how much you can borrow. This helps in determining the loan amount you can comfortably afford, ensuring that you don't overextend yourself financially.

Access to a wide range of Home Loan options from banks and lenders across Australia is another crucial aspect. At Simple Lending, we pride ourselves on our extensive network, allowing you to access banks and lenders nationwide. This means you can choose from various loan products, whether you prefer a variable interest rate or a fixed interest rate. Additionally, we can help you explore options like an offset account, which can significantly reduce the amount of interest you pay over the life of your loan.

First home owner grants (FHOG) and other government incentives can provide valuable financial assistance when buying your first home. These grants can help cover costs like stamp duty and other fees associated with the purchasing process. Our team will ensure that you are aware of all available grants and guide you through the application process to maximise your benefits.

Another important consideration is lenders mortgage insurance (LMI), which protects the lender if you default on your loan. If your deposit is less than 20% of the property's value, LMI will likely be required. However, we can help you explore ways to minimise this cost or even avoid it altogether by improving your loan to value ratio (LVR) through strategic financial planning.

Getting pre-approved for your first Home Loan is a crucial step that simplifies the buying process. Pre-approval not only gives you a clear idea of your borrowing capacity but also strengthens your position as a serious buyer in the eyes of sellers and real estate agents. With our streamlined application process, obtaining pre-approval has never been easier.

Once you're ready to apply for a home loan, our team will guide you through each stage of the application process. From gathering necessary documents like bank statements and proof of income to submitting the application and negotiating interest rate discounts, we ensure a smooth and efficient experience. Additionally, if you're considering investment loan options for your first investment property, we can provide tailored advice on investment loan applications to help you make informed decisions.

Understanding the intricacies of interest rates is vital when applying for a home loan. Whether you're interested in a variable interest rate, which fluctuates with market conditions, or a fixed interest rate that remains stable over time, we’ll help you choose the option that best aligns with your financial goals. We also offer insights into interest rate discounts that could save you money in the long run.

Buying your first home is a monumental step, and Simple Lending is committed to making the process as straightforward and stress-free as possible. Our expertise in accessing Home Loan options from banks and lenders across Australia, combined with our personalised service, ensures that you receive the best possible advice and support. Contact us today to get pre-approved and take the first step towards owning your dream home.

Ready to buy your first home?

We help Australians access thousands of Home Loan options from banks across Australia. Chat to our Finance & Mortgage Brokers and start your journey to pre-approval.

Interest rates as low as:

5.79%

Headline Rate

5.82%

Comparison Rate

Let's talk about some of the schemes to help First Home Buyers

When it comes to buying your first home in Australia, there are a few schemes that can lend a helping hand to Australians. Let's dive into three key ones: the First Home Owner Grant (FHOG), the Home Guarantee Scheme (HGS), and First Home Buyer Stamp Duty Exemptions and Concessions.

First Home Owner Grant (FHOG):

The FHOG is like a boost from the government for first-time home buyers. If you qualify, you could receive money to put towards your new home. Here's how it typically works: Each state or territory has its own FHOG scheme, so the rules may vary depending on where you're buying. Generally, you need to be an Australian citizen or permanent resident, and neither you nor your spouse should have previously owned property in Australia. There's usually a limit on the property value you're purchasing, and you'll likely need to live in the home for a certain period.

Home Guarantee Scheme (HGS):

The HGS is another way the government assists first-time home buyers, especially those without substantial savings for a deposit. It acts as a safety net, enabling you to secure a home loan with a smaller deposit than usual. Part of the HGS is the First Home Loan Deposit Scheme (FHLDS), which allows eligible first-time buyers to obtain a home loan with a lower deposit and without having to pay lenders mortgage insurance (LMI).

First Home Buyer Stamp Duty Exemptions and Concessions:

Stamp duty is a tax typically paid when purchasing property. However, as a first-time home buyer, you might qualify for exemptions or concessions, reducing or eliminating your stamp duty payment. The criteria for these exemptions and concessions vary by state. Generally, you'll need to intend to live in the property yourself, and there may be a cap on the property value.

These schemes are designed to support you on your journey to owning your first home in Australia. If you're exploring homeownership, consider reaching out to Simple Lending to learn more about how these schemes can benefit you.

The First Home Buyer Loan Application Process

Simple Lending

Initial Appointment

Begin by having a chat with one of our qualified Finance & Mortgage Brokers. We will take the time to understand your situation, including special policies specific to Australians. We will also discuss loan options from banks and lenders across Australia, guiding you through the next steps of the application process.

Fact-Finding

We will collaborate with you to gain a comprehensive understanding of your financial situation, including your financials, assets, and credit history. This helps determine your borrowing capacity. We will review your bank statements and other relevant documents to provide accurate advice.

Pre-Approval

Once you receive pre-approval, you can confidently begin bidding or making offers on properties you wish to purchase. We will explain the loan amount, interest rates (both variable and fixed), and potential interest rate discounts. We also discuss the importance of the loan to value ratio (LVR) and any lenders mortgage insurance (LMI) that may be required.

Loan Settlement

Upon settling on the property, your Home Loan will be drawn down, and you will be all set to move forward. We will help you navigate the settlement process. We will also assist in calculating loan repayments and managing your loan interest rate to suit your needs.

Recent Reviews for our Home Finance & Mortgage Brokers at Simple Lending

VV

Venkat V.S

This is the second house they've helped me settle, and I couldn't be more happier with their service. They are highly professional while also being friendly and approachable. Their communication and advice are always clear, which I've always appreciated. Most importantly, they're always available to answer any questions. Special shout-out to Carl Elsass, the guy’s basically a wizard when it comes to finding solutions that actually works for you. If you're considering new loans or refinancing, I highly recommend reaching out to them.

E

Ellie

Nick has been amazing! He successfully got me my home loan. He is professional and friendly to deal with. See you for the next property!

OD

Ornella D

Nick and his team were outstanding! He listened carefully and provided the product we needed. We were guided every step of the process and communication was always swift and professional. Thank you so much for providing us with a better deal and also some cashback! A *

Frequently Asked Questions

Can you help First Home Buyers?

We love helping First Home Buyers! We're experts at the entire process and can help you get the right Home Loan. We're also across the various schemes to help First Home Buyers such as the First Home Owners Grant and the various stamp duty exemptions available.

Why should I use a Mortgage Broker?

Mortgage Brokers are there to help you find the right loan whether it be from the major banks, smaller lenders or other sources. We have a broad range of products (more than any single lender can offer) which means we can do all the legwork to find the right loan for you.

Can you only help with Home Loans?

We can help with Home and Investment Loans, Construction Loans, Car Loans, Personal Loans and much more. If you're looking to borrow to buy something, we can probably help.

Are your mortgage brokers licensed and accredited?

All of our Mortgage Brokers are accredited and members of the Mortgage and Finance Association of Australia. They are extremely professional and provide exceptional service across a range of lending options.

What kind of interest rates can you offer?

We take look at a wide range of products available from Banks, Credit Unions & other lenders across the country. This means we can search thousands of products and make sure we're always recommending the best Home Loans for our clients.

Can you help with refinancing an existing Mortgage?

Of course! We believe that we can find the best interest rate for you to refinance to, whether it's a Home Loan or Investment Loan.

Ready to chat to our Finance & Mortgage Brokers about your first Home Loan?