Planning on buying a home on the Gold Coast? Is it your first time buying a home? If you’re one of the many first home buyers Gold Coast sees yearly, and you’re unsure what to do, you’ve come to the right place. Navigating the world of mortgages, loans, and properties can be a little overwhelming, but don’t worry. Professional Lending Solutions is here to help! Phil and an experienced team of expert mortgage brokers will guide you through your first homeownership journey!
Hey there, future homeowner on the Gold Coast! We totally get that diving into the world of home buying can be a tad overwhelming, especially when it’s your first time. You’re not alone in this; many of the first home buyers Gold Coast sees have a bunch of questions just like you. In fact, in a CoreData survey, it was revealed that a whopping 71% of first-timers are on the lookout for extra support. And guess what? Nearly half are trying to wrap their heads around the home loan process, while others are curious about government grants and hunting for the best mortgage deals.
Now, here’s the good news: Professional Lending Solutions has got your back! We’ve crafted a handy guide tailored for any first home buyer Gold Coast will welcome into its arms. From answering those burning questions to sharing top tips and even shedding light on available government grants, we’ve got it all covered. So, take a deep breath and let’s embark on this exciting journey together!
When you talk with Phil, or any of our expert mortgage brokers here at Professional Lending Solutions, you get worthwhile advice and great insights on your first home buyer journey. Here is some helpful advice an expert first home buyer mortgage broker like Phil can give you:
We know the world of home buying can be a maze of advice. But guess what? By having a heart-to-heart with a mortgage broker, you’re not just getting advice; you’re unlocking a treasure trove of industry insights and exclusive home loan deals. Plus, working with a broker means less stress, more time saved, and a safeguarded credit score. And here’s the cherry on top: our ‘Best Interests Duty’ ensures we are legally bound to work in your best interests – not something the banks have to do!
If you haven’t saved up a 20% deposit, don’t sweat it! Reach out to us and let’s explore your first home buyer’s mortgage options together. From considering a guarantor to diving into the First Home Loan Deposit Scheme or even thinking about Lender’s Mortgage Insurance (LMI), we can help find the solution that best fits your situation.
Curious about your credit rating? You’re not alone! Start by grabbing a free copy of your credit report. A stellar credit score is like a golden ticket for lenders. If you spot any hiccups on your report (hey, mistakes happen), there are ways to fix this. Settling personal debts, clearing your credit card balance monthly, and being the punctual bill payer you always wanted to be are a few things you can do.
Beyond the initial deposit, there’s a little list of other costs to keep in mind. From loan application fees and potential Lender’s Mortgage Insurance to government charges (and those sneaky moving expenses), it’s good to be prepared. Need a clearer picture? Give our friendly team at Professional Lending Solutions a shout. We’re here to guide you through every dollar you’ll need for your home journey.
As a first home buyer on the Gold Coast, it’s tempting to directly approach your local bank for a first home buyer’s loan. However, this approach can prove to be stressful and time-consuming.
This is usually the case when people are unsure about how a first home buyer mortgage broker specialist can help. As a first home buyer on the Gold Coast, working with a local mortgage broker can help save time, help save money, and help you avoid a lot of anxiety during the home-buying process.
The federal and Queensland state government are currently offering a range of incentives and discounts for first-time home buyers. These include:
For those first home buyers on the Gold Coast in the coming months and years, the First Home Guarantee (FHBG) is worth looking into. Part of the Home Guarantee Scheme (HGS), it’s all about helping you get your dream home sooner. With just a 5% deposit, you’re on your way. And for FY2023-24, there are 35,000 spots up for grabs. Whether you’re buying solo or with someone, anywhere in Australia, this is for you. Just make sure you haven’t owned a property in the past decade.
The RFHBG is tailor-made for first home buyers in Australia’s regional areas, which includes the Gold Coast. Part of the Home Guarantee Scheme (HGS), it lets you dive into homeownership with just a 5% deposit. For FY2023-24, 10,000 opportunities await. Just ensure you’ve lived in or near the region you’re buying in for the past year, and just like the FHBG, make sure you haven’t owned a property anywhere in Australia for the past 10 years.
The FHOG initially offered $15,000 to help first home owners like you to buy or build your new place. Recently, however, the FHOG amount was doubled to $30,000, which was announced recently. This doubling of the grant amount is slated to run until 30 June 2025. Just ensure your dream home is valued under $750,000. With this grant, you’ve got a year from when you get the keys or when your home’s ready to apply. Note that all of the new home’s owners have to be included when applying for this grant. Also, remember that payment for this will be disbursed per new home and not per applicant.
First time homeowners in Queensland get a break on transfer duty with the First Home Concession. To qualify, home buyers should be buying their first home and are at least 18 years old upon application. They must also move into the home within a year from purchase settlement. This applies to new homes valued at $500,000 or less. For homes between $500,001 and $534,999.99, there’s a special rate. To find this out, use the Queensland Government’s handy tools to see what you might owe. There is the transfer duty estimator or rates for home concessions to calculate how much duty would be payable as a first home buyer.
The First Home Owner Super Saver scheme is formulated to help first home buyers boost their savings via eligible voluntary super contributions. Contribute to your super and use it towards your home. In a year, you can tap into up to $15,000 of your contributions. This can be used for a brand-new place or an existing home.
At Professional Lending Solutions, our team of dedicated mortgage brokers brings together a wealth of industry experience, a deep understanding of the local property market, and an unwavering commitment to prioritising our clients’ best interests.
We’re also proud to announce that we were recognised as Finalists in the esteemed Better Business Awards 2021. Our nominations span across categories including ‘Best Finance Broker’, ‘Best Regional Broker’, ‘Best Loan Administrator’, and ‘Best Regional Office’. These accolades emphasise that excellence in brokerage isn’t merely about volume; it’s about unparalleled customer service and a genuine dedication to our clients’ well-being. This ethos resonates deeply with us, and we strive to embody it in every interaction with our valued customers.
Worrying about loan amounts, deposit requirements, or your eligibility for the first home owners grant? Curious about which lenders offer the best rates for first home buyers Gold Coast finds annually? At Professional Lending Solutions, we have all the answers tailored for first home buyers. Reach out and talk to Phil and our expert team of first home mortgage brokers at Professional Lending Solutions to receive top-notch advice on first home buyer loans today!
Mortgage brokers offer a broader range of home loan products than individual banks. They work in your best interest, helping you navigate potential issues and access advanced home loan comparison tools. They save you time, effort, and potentially money by finding the best-suited loan for your circumstances.
