First Home Buyers
We'll help you into your First Home
Rated 5 from 75 Reviews
We'll help you into your First Home
Rated 5 from 75 Reviews
Buying your first home is an exciting milestone, and at Homeli Finance, we're here to help first home buyers make the journey as smooth as possible. Based in Perth, we offer our services nationwide, providing you with access to home loan options from banks and lenders across Australia. Whether you're confused about interest rates or unsure about the application process, our team is ready to guide you every step of the way. Understanding the financial landscape is crucial, and we aim to equip you with the knowledge to make informed decisions.
The first step in buying your first home is understanding your borrowing capacity. This involves evaluating your financial situation, including your credit history, bank statements, and income. At Homeli Finance, we help you assess these elements to determine a suitable loan amount. We also explain the importance of the loan to value ratio (LVR) in your home loan application. A favourable LVR can lead to interest rate discounts, making your first home loan more affordable in the long run. Additionally, we assist in checking your eligibility for lenders mortgage insurance (LMI) waivers, which can significantly reduce upfront costs.
Understanding the property market and available incentives is another crucial aspect for first home buyers. In Australia, first home owner grants (FHOG) are available in various states and territories, including Western Australia. These grants can provide financial assistance that makes buying your first home more feasible. Our experts will help you explore these options and ensure you meet the necessary criteria. Furthermore, we'll guide you through potential savings on stamp duty, offering insights into how these costs can impact your overall financial plan.
When it comes to choosing the right loan type, first home buyers often face a range of options. Fixed interest rates provide stability with set repayments, while variable interest rates offer flexibility to take advantage of changing market conditions. At Homeli Finance, we provide a comprehensive overview of each option, helping you decide what best suits your needs. We also discuss features like offset accounts that can help reduce the interest payable over the life of your loan. For those considering future investments, we offer advice on investment loan options and preparing for your first investment property purchase.
The application process for a home loan can seem complex, but with our streamlined application process, you can be confident that you'll receive expert assistance every step of the way. From gathering necessary documents to submitting applications, we ensure that applying for a home loan is straightforward and stress-free. Our team helps you get pre-approved, giving you an edge when negotiating with sellers. With access to banks and lenders nationwide, Homeli Finance offers tailored solutions that align with your unique circumstances and goals.
Buying your first home is a significant achievement, and having the right support can make all the difference. At Homeli Finance, we are dedicated to helping first home buyers access home loan options from banks and lenders across Australia. By offering personalised advice and a seamless service experience, we aim to make your transition into homeownership as easy as possible. Contact us today to learn more about how we can assist you in buying your first home and explore the range of opportunities available to you.
Step 1: Initial Home Loan Appointment & Finance Enquiry
Your journey begins with a chat with our experienced Finance & Mortgage Broker. We take the time to understand your unique situation, including any special policies that apply to you. During this stage, we discuss loan options from various lenders and assess your borrowing capacity and purchasing budget.
Step 2: Fact-Finding & Home Loan Pre-Approval Application
Next, we conduct a thorough assessment of your financial situation—reviewing your financials, assets, credit history, and bank statements. This helps us determine your borrowing power and find the right loan for you.
At this stage, you may choose to apply for a Home Loan pre-approval, which gives you clarity on your borrowing limit and allows you to confidently bid or make offers on properties. However, pre-approval is not compulsory—depending on your situation, there may be alternative options available. Contact us to find out the best approach for you.
Step 3: Property Hunting
With your finances in order, you can start searching for a property that suits your budget. Once you find the right home and your offer is accepted, you’ll need to pay an initial deposit. This marks a major step toward securing your new home!
Step 4: Formal Home Loan Approval Application
Once your purchase is locked in, we submit the formal Home Loan application with the signed Contract of Sale. The bank will then order a valuation of the property. If everything aligns, your loan is officially approved!
Step 5: Loan Settlement
As settlement day approaches, there are a few important steps to finalise, including:
✔️ Engaging a conveyancer
✔️ Conducting a building inspection
✔️ Signing the loan contract
✔️ Purchasing building insurance
✔️ Transferring any shortfall funds
Once settlement is completed, your Home Loan is drawn down, and the property is officially yours! We’ll continue to support you by managing your loan repayments and ensuring you get the best rate moving forward.
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Reza Safari
Great service and explaining each stage of the process in detail esp for the First Home buyers.
JH
Judy Hwang
I’m so glad I chose Nancy as our finance broker. She explained everything clearly, were always quick to respond, and made sure I understood every step of the process. The loan approval went smoothly thanks to their hard work and experience. I truly appreciate her patience and professionalism. Highly recommended!
SC
Shiji Chen (Rhys)
As a first-home buyer, Nancy made getting my home loan for the first time incredibly simple and stress-free. She was recommended to me by a friend, and I would happily recommend her to others as well. Fast response time, great communication, and excellent service/referral throughout.
Homeli Finance can arrange various types of home loans to suit different circumstances and property goals. These include first home buyer loans, owner-occupier mortgages, investment property loans, construction loans for building projects, and land loans. We also arrange refinancing solutions for existing borrowers looking to switch lenders or restructure their loans. Our network includes major banks, credit unions, building societies, and specialist lenders, giving us access to diverse loan products including fixed rate, variable rate, and split loan options. We can also assist with low deposit loans, loans for self-employed borrowers, and financing solutions for unique property types that might require specialist lending approaches.
In most cases we don’t charge fees for home loan applications, the bank pays us a commission based on the settled loan amount. We will charge $990 for car and personal loans upon successfully obtaining the finance.
Homeli Finance operates as a comprehensive finance and mortgage broker, connecting clients with suitable lending solutions across Australia. We work with a network of lenders to help secure home loans, refinancing options, investment property financing, and commercial lending solutions. Our brokers assess your financial situation and match you with appropriate lenders who can meet your specific requirements. We handle the application process, liaise with lenders on your behalf, and provide ongoing support throughout the settlement process. This service saves you time researching different lenders and increases your chances of loan approval by presenting your application professionally to the right financial institutions.
Homeli Finance selects lenders based on a comprehensive analysis of your financial situation, loan requirements, and individual circumstances. We consider factors including your employment type, deposit size, intended property use, and specific needs such as offset accounts or redraw facilities. Our assessment includes comparing interest rates, fees, loan features, and lender policies to identify the most suitable options. We also consider each lender's appetite for your particular scenario - some lenders prefer certain professions or property types. Rather than simply recommending the lowest rate, we focus on finding lenders whose products align with your long-term financial goals and who are likely to approve your application. We present you with options explaining the pros and cons of each recommendation.
Yes, Homeli Finance maintains relationships with clients beyond loan settlement, providing ongoing support for your mortgage needs. We conduct periodic loan reviews to ensure your current loan remains suitable as your circumstances change, and can assist with refinancing if better options become available. Our ongoing service includes helping with loan restructures, accessing additional funds through top-up loans, and advice about investment property financing as your portfolio grows. We also assist with any issues that arise with your existing lender and can facilitate switches to different loan products within the same institution or to entirely new lenders. This continuing relationship means you have professional finance support throughout your property ownership journey, not just during the initial purchase phase.
Homeli Finance ABN: 22 669 425 218, ALL RIGHT PTY LTD ABN: 22 669 425 218. Credit Representative #527964 is authorised under Australian Credit License #384704.
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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