Remember the first time you walked into a gym? You probably didn’t head straight for the free weights to begin lifting. Buying your first home can feel just as overwhelming, with 91% of first-home buyers seeking the expertise of a mortgage broker for guidance.
Making the decision to purchase a home is one of the biggest financial choices you’ll face. It’s natural to feel both excitement and anxiety, and more than half of first-home buyers acknowledge they need support throughout the process.
For 9 out of 10 first-time buyers, that essential support comes from a mortgage broker, according to a report by Helia, a lenders’ mortgage insurance provider.
How a Mortgage Broker Helps
Finding the perfect home is just one part of the equation. Securing the right home loan with competitive rates is the other, and that’s where the challenge often lies.
The Helia report found that nearly half (45%) of first-home buyers struggle with researching the right loans, and over half (52%) expect difficulties in securing the loan they need.
This is where a mortgage broker steps in. We take the time to understand your financial situation and individual needs, helping narrow down the most suitable loan options. Additionally, we have in-depth knowledge of what lenders require for loan approval, making the process smoother for you.
Whether you’re ready for a home loan now or need guidance on improving your chances, we’ll walk you through each step, staying in touch to offer support and advice along the way.
We’re More Than Just Home Loan Experts
The benefits of working with a mortgage broker extend beyond simply securing a loan. According to the Helia survey, first-home buyers say that brokers help them:
On top of this, we can draw on our experience to offer strategies you may not have thought of, such as rentvesting, having a relative act as a guarantor, or taking advantage of the First Home Guarantee scheme, which allows eligible buyers to put down just a 5% deposit.
With multiple pathways to home ownership, options like rentvesting could help you enter the market in new suburbs, while allowing you to live in your preferred location.
If you're in Queensland especially in Townsville, Brisbane, the Gold Coast, or elsewhere in Australia, contact us today to discover how we can help you on your journey to home ownership, whether it’s for your first mortgage, home loan, or refinancing options.
To learn more, contact Premium Finance Group Australia at (07) 4720 8888 or email us at finance@pfga.com.au.
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