Rated 5 from 85 Reviews
Buying your first home is an exciting milestone and one of the most significant financial decisions you will ever make. At Savvy Home Loans, we understand the unique challenges that first home buyers face. We are committed to helping clients in Brisbane and across Australia access Home Loan options from banks and lenders nationwide. Our expertise extends beyond merely finding the right loan; we guide you through every step, ensuring a smooth journey to buying your first home.
For first home buyers, understanding your financial situation is crucial. Determining your borrowing capacity is the first step. This involves evaluating your income, expenses, and any existing debts. Your credit history plays a significant role here, influencing both the loan amount you may qualify for and the interest rate you'll be offered. Our team works with various banks and lenders to assess your credit history and identify potential interest rate discounts tailored to your situation.
Once you know how much you can borrow, it’s time to consider the types of loans available. First home buyers can choose between variable interest rates and fixed interest rates. A variable interest rate can fluctuate over time, potentially offering lower payments when rates decrease. On the other hand, a fixed interest rate provides stability, with consistent payments over the loan term. Our advisors can help you weigh the pros and cons of each option to find what best suits your needs.
An important consideration for first home buyers is the loan to value ratio (LVR), which compares the loan amount to the property's value. A lower LVR can result in more favourable loan terms. Additionally, it’s vital to check your eligibility for lenders mortgage insurance (LMI) waivers, which can reduce costs considerably. First home owner grants (FHOG) are also available to eligible buyers, offering financial assistance that can ease the burden of buying a home. Understanding these elements can make the application process more manageable.
Applying for a home loan involves several steps, including obtaining bank statements and preparing for an investment loan application if applicable. Savvy Home Loans offers a streamlined application process, ensuring all documentation is handled efficiently. Getting pre-approved for your first Home Loan gives you a clearer picture of your budget, enhancing your confidence when making offers on properties.
Stamp duty is another factor that first home buyers must account for in their financial planning. This government tax varies by state but can represent a substantial cost when buying a home. Our team can provide guidance on potential exemptions or concessions available within Queensland and beyond.
For those considering property investment alongside buying a home, understanding investment loan options is crucial. Whether you aim to purchase your first investment property or explore further opportunities, our experts ensure you have access to banks and lenders nationwide who can provide competitive terms.
Buying your first home can be complex, but with Savvy Home Loans by your side, it becomes a rewarding experience. We offer personalised advice and access to Home Loan options from banks and lenders across Australia. As you prepare to apply for a home loan, consider the benefits of an offset account, which can reduce interest payments over time by using your savings balance to offset the loan balance.
We invite you to get in touch with Savvy Home Loans today for expert guidance tailored to first home buyers and ask us about our Home Ownership plans. Whether you're in Brisbane or elsewhere in Australia, our dedicated team is ready to assist you every step of the way in buying your first home. Let us help you achieve your dream of homeownership with confidence and clarity.
Initial Consult with Savvy Home Loans
Have a chat with a qualified Finance & Mortgage Broker who will understand your situation and talk you through the next steps.
Home Loan Fact Find
Your Finance & Mortgage Broker will work with you to understand a bit more about your situation (including your financials, assets etc.) to make sure you will qualify for a Home Loan.
Home Loan Pre-Approval
Once you're approved, you can start bidding or making offers on properties you want to purchase.
Settlement
You settle on the property, your Home Loan draws-down and you're good to go!
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Vicki Kerr
Savvy Home Loans made our dream come true! They understood our vision and had the knowledge and skill to make it happen. Other brokers pale into insignificance by comparison. Leanne Pon is Director of the company and a brilliant financial strategist, who is supported by an outstanding team including her son Jarrad. Our service experience was flawless. Their communication, expertise and dependability were second to none. There is no other mortgage broker I would consider using and I trust Savvy completely to look after our future needs. It was an absolute delight to engage with such an exceptional service provider. I only wish I had discovered Savvy earlier, but at least I can be grateful that I'm a Savvy client now. Thank you Leanne, Jarrad and Emma!
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Ridesofourlives
We can't thank Savvy Home Loans enough for helping us secure our first home 10yrs ago and have now helped us save thousands of dollars by us switching lenders! Their service and expertise is truly 5-star! They are professional, friendly, and always willing to go the extra mile. We've already recommended them to all our friends and family, and we’ll continue to do so! If you're looking for someone who genuinely cares and delivers results call the team at Savvy Home Loans!!
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Wendy Hand
Working with Savvy Home Loans and Emma has been an absolute pleasure. The entire process was seamless from start to finish. The platform is incredibly user-friendly, making each step simple and straightforward. Emma was fantastic to communicate with always responsive, clear, and genuinely supportive throughout the journey. What really stood out were the out-of-the-box solutions Emma brought to the table. If you're looking for a smart, stress-free way to secure a home loan, I can't recommend Savvy Home Loans and Emma highly enough!
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Mick Lindsay
Amazing! We had a tough timeline, unusual conditions, unique structure and they nailed it. Emma is efficient, friendly, great communication. Spent the last 2 days moving into our dream house, would highly recommend!
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Krystal Gray
Emma was so incredible at helping us get our finance! I can’t even begin to describe the amount of effort and dedication she put in for us. We through so many hurdles her way, but she managed to make it work in such a short time frame. All while remaining friendly and professional to deal with. No way we would of got it done without her. Thanks Emma! ☺️
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Ning Cing
The Savvy Home Loan team has been exceptionally helpful—efficient, professional, proactive, and incredibly knowledgeable. They consistently go above and beyond to secure our investment loan. We couldn’t recommend them highly enough. Leanne, Emma, Derrick, and Jarrod—it’s been a pleasure working with you. Donald and I feel very fortunate to know you and to have received your support. Well done, team!
We examine an extensive selection of financial products from banks, credit unions, and lending institutions nationwide. This enables us to review thousands of available options and ensure we consistently recommend the most suitable home loans for our clients.
We love working with first-time home buyers! Our team has comprehensive expertise in the entire home buying journey and can guide you toward securing the appropriate home loan. We're also well-versed in the various programs designed to support first-time buyers, including the First Home Owners Grant and different stamp duty exemptions that may be available.
Absolutely! We're confident in our ability to locate the most competitive interest rates for your refinancing needs, whether you're dealing with a residential home loan or an investment property loan.
Every one of our mortgage brokers maintains full accreditation and holds membership with the Mortgage and Finance Association of Australia. They demonstrate the highest level of professionalism and deliver outstanding service across various lending solutions.
Our services extend beyond home loans to include investment property loans, construction financing, vehicle loans, personal loans, and numerous other lending products. If you need financing for a purchase, we can likely provide assistance.
Mortgage brokers serve as your advocate in finding the most appropriate loan from major banks, smaller financial institutions, or alternative lending sources. We offer access to a comprehensive range of products that exceeds what any individual lender can provide, allowing us to handle all the research and comparison work to identify the perfect loan solution for your specific needs.
Savvy Home Loans Pty Ltd ABN: 37 128 927 211. Leanne Pon, Derrick Pon and Emma Klingner are authorised credit representatives under Australian Credit Licence #388758..
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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