Your first loan shapes everything that comes after.

How much does a broker cost?

Generally, nothing. Banks pay me a commission when your loan settles, and it doesn't change your rate or your loan amount one bit. My service costs you nothing, plus you get a lot of support, education and guidance, all in your best interests. No-brainer, right?

Heads up: more complex or strategic work, like developments, house flips, or deals with claw-back risk, may involve an upfront fee. Always disclosed up front.

How much deposit do I need?

Just 5% if you're an eligible first home buyer. The federal government's 5% Deposit Scheme lets you buy with as little as 5% down and no Lenders Mortgage Insurance, which can save you tens of thousands. Outside of that, you're typically looking at 10-20% of the purchase price, plus costs. I'll check your eligibility and walk you through the trade-offs.

Which first home buyer schemes am I eligible for?

There are both federal and state schemes, and what you qualify for depends on where you're buying, the property price, and your income. The main ones include the 5% Deposit Scheme (no LMI), the First Home Owner Grant (FHOG), state-based shared equity schemes, and stamp duty concessions. Eligibility criteria vary considerably. Let me educate you on what's available in your situation so you can make the most of every dollar.

What's Lenders Mortgage Insurance and do I need it?

LMI protects the lender (not you) if you default. It's usually required when your deposit is below 20%, but eligible first home buyers can avoid it altogether through the 5% Deposit Scheme. When LMI does apply, it can be capitalised into the loan, which means you pay interest on it too. Sometimes it's worth paying to get into the market earlier. I'll give you the honest numbers.

Should I buy with my partner or alone?

It depends on your combined borrowing capacity, how you want to hold the property, and what happens if circumstances change. I'll walk you through the implications of each structure.

Fixed or variable rate?

There's no universal answer. Fixed gives certainty. Variable gives flexibility (especially if you want to make extra repayments). I'll explain what each means for your situation given current market conditions.

What is the First Home Owner Grant and am I eligible?

The First Home Owner Grant (FHOG) is a state-based grant for eligible first home buyers, generally targeted at new builds or off-the-plan purchases. The amount, the property price cap, and what qualifies all vary by state. I'll help you understand what's available where you're buying and whether your purchase qualifies.

How long does the process take?

From our first conversation to settlement is typically 4-8 weeks, depending on the lender and your situation. I'll give you a realistic timeline specific to your application.