Buying your first home

Speak with a qualified mortgage broker about arranging a pre-approval today


Today's Lowest Interest Rates For First Home Buyers

First Home Buyers

As a first home buyer it is important to understand how much you can afford to borrow. To give you confidence in your borrowing power, we will work with you to arrange a no obligation pre-approval through one of our 40 different lenders.

First home buyer may also be eligible to benefit from one of number of different government grants and schemes. The services of a mortgage broker, such as Get a Better Rate, will help you better understand which offers you might be entitled to.

These include the First Home Owner Grant, for the purchase of new dwellings for investment or owner occupation. The First Home Buyers Assistance Scheme, offering a full or partial expectation on transfer duty (stamp duty) and the First Home Loan Deposit Scheme.

You may be eligible for all of some of these offers and our mortgage brokers will work with you to understand your options.

Home Buyer FAQ

How much do I need for a deposit for a home loan?

When purchasing an owner occupied property lenders will require you have a minimum 5% deposit; for investment properties the despoit most lenders will require is 10% of the property price.

What is a lenders mortgage insurance?

Lenders Mortgage Insurance ('LMI') is an insurance policy which protects the bank against any loss in the event of default by the borrower. Although the insurance policy doesn't protect the borrower, banks will usually pass the cost of the insurance policy on to the borrower.

How much is a mortgage insurance?

Lenders Mortgage Insurance ('LMI') will vary depending on your loan amount and the property value. Use our LMI quote calculator to give your idea what it could cost you.

How can I avoid paying mortgage insurance?

You can avoid the LMI premium by having a 20% deposit and not borrowing more than 80% of your properties value. For first home buyers, using a family members property as additional security (also known as family guarantee) will allow you to avoid mortgage insurance.

First Home Owner Stamp Duty

Need a conveyancer?

Whether you're buying or selling a property, it is recommended to use the services of a local conveyancer

Customer Reviews

Scott Carroll profile pic

Scott Carroll
The best mortgage broker in Sydney CBD! Peter is an excellent mortgage broker who went the extra mile for me. As a first home buyer, I found the home loan process extremely stressful and confusing. Peter alleviated this by guiding me every step of the way, making me feel informed and confident in my choices. I would 100% recommend his services to anyone looking for a home loan!

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Matthew Jones
Peter was fantastic. I tried to refinance with my existing private banking relationship and was turned down. Got introduced to Peter, I sent him some docs and he helped me complete paperwork and I got close to twice the amount I was looking for. Could not have done it without him. Quite an unbelievable difference and would recommend him to everyone.

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Nick Bell
Peter worked hard to get us a great rate and dealt promptly with any issues with lender along the way.

Ainslie Hie profile pic

Ainslie Hie
The road to purchasing a family home was a long one for us (several years), and I lost count of how many pre-approvals Peter prepared us, or how many questions he patiently answered. Peter is helpful, knowledgeable, patient, and professional, and I would not hesitate to recommend his service to other home buyers—top-notch service!

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