| first time home loans buyer your first home | | | | non-conforming and investment loans, to name |
| should be one of the most exciting times in your | | | | just a few! . |
| life! But ask most first time home loans buyers | | | | This is where the advice of a broker can be |
| and they'll probably treat you to horror stories of | | | | invaluable. Unlike lenders, brokers are focused on |
| how much work is involved and how stressful the | | | | the client rather than on the product itself and will |
| experience is. | | | | dedicate their time to understanding your |
| It doesn't have to be like this! Let a mortgage | | | | requirements and current situation, to provide |
| broker do the hard work for you, and buying | | | | advice on the best product to suit your needs. |
| your first home can still be a great experience. | | | | No matter what the needs of the client, the basic |
| Better still, all their professional advice and service | | | | steps involved in dealing with a broker should |
| won't cost you a cent as mortgage brokers do | | | | include: meeting with the borrower to understand |
| not charge for their work, instead receiving a | | | | their specific loan needs; researching the range of |
| commission from the lender once the loan has | | | | lenders and loan products they have available to |
| been approved. | | | | provide options for the first time home loans |
| Firstly, you'll need to look at your current budget | | | | buyer to choose from; assisting in completing the |
| to work out what you can afford to borrow, | | | | loan application and collecting documentation; |
| taking into consideration stamp duty and other | | | | submitting the loan application; and assisting the |
| costs. A broker can help you with applying for the | | | | lender and borrower with any further queries |
| first time home loans homebuyer grant and look | | | | throughout the approval and post-settlement |
| at ways to reduce stamp duty. | | | | stage of the loan. |
| Then you've got to choose a loan. Some of the | | | | And always remember to check the credentials |
| current loans on offer include fixed, variable, fixed | | | | of a broker before you proceed. |
| margin discount, honeymoon, line of credit, | | | | |