First Home Buyers
Purchasing Your First Home
Buying your first home is one of the most exciting milestones of your life. At JRW Finance, we specialise in helping first home buyers navigate the property market with confidence, providing access to home loan options from over 80 banks and lenders across Australia.
Understanding Your Borrowing Power
Before applying for a home loan, it’s important to know how much you can borrow. Your borrowing capacity depends on factors like income, expenses, credit history, and deposit size. We’ll help you calculate your borrowing power upfront, giving you the confidence to explore the property market and make informed decisions.
Fixed, Variable & Low-Deposit Options
First home buyers can choose between fixed and variable home loans. Fixed rates give you repayment stability, while variable rates offer flexibility and potentially savings if rates fall.
Many first home buyers can also access low-deposit options, including the First Home Loan Deposit Scheme, guarantor loans, or lender-specific exceptions, which may reduce the need to pay Lenders Mortgage Insurance (LMI).
We’ll help you choose a structure that fits your financial situation and long-term plans.
Grants, Concessions & Incentives
First home buyers may be eligible for government incentives such as the First Home Owner Grant (FHOG), First Home Super Saver Scheme (FHSSS) or stamp duty concessions, depending on your state or territory. We’ll guide you through eligibility requirements and help you take full advantage of any available savings to make your first home more affordable.
Loan Features That Work for You
Choosing the right loan features can save you thousands over time. Options like an offset account, redraw facility, and flexible repayment options allow you to reduce interest costs and manage your loan more effectively. We’ll show you how these features can benefit your home ownership journey.
How Your Credit History Impacts Borrowing
Your credit history affects not only how much you can borrow, but also the loan options and interest rates available. A strong credit profile can unlock more competitive rates, while a lower score may reduce your borrowing power. We’ll review your credit situation and provide guidance on steps to strengthen your position with lenders.
The Importance of Pre-Approval
Pre-approval gives you clarity on your budget and strengthens your position when making an offer. Sellers view pre-approved buyers as more serious, which can improve your negotiating power. We’ll walk you through the entire process and help you secure pre-approval, so you can pursue your first home with confidence.
Why Work With JRW Finance?
At 25, I’ve built a property portfolio of five and counting. Working with brokers, accountants, and investors, I've seen firsthand how confusing and overwhelming the process can be.
That’s why I started JRW Finance - to make property finance clear, straightforward, and achievable for clients. I guide clients through processes I’ve experienced myself, tailoring solutions to their goals and helping unlock opportunities they didn’t think were possible.
Get In Touch
Ready to buy your first home, upgrade, or build your dream property? Contact us today and let’s explore the right home loan options for you.
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