First Home Buyers
We'll help you into your First Home
Rated 5 from 59 Reviews
We'll help you into your First Home
Rated 5 from 59 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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Yi Yang
A very professional broker and repaidly response your enquiry whenever you message her. She always stands on your side and considers your needs. Always get the customer the best offer! Super reliable and effectively work!
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Sakshi
Highly recommend 'Nancy Li' Nancy is a passionate and professional mortgage broker who thrives on building genuine relationships with people. Throughout my home-buying process, Nancy was incredibly communicative. She promptly answered calls and emails, keeping me informed about every development. Her ability to clearly explain complex contract details was invaluable." Hope to keep in touch with for my future investments and highly recommend her
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Windy Wu
Nancy is very supportive during the whole process. Really appreciate her assistance!
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.
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.
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.
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.
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.
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.
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.
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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