First Home Buyers
We can help you understand what grants and discounts you're eligible for and get you into your first home
Rated 5 from 36 Reviews
We can help you understand what grants and discounts you're eligible for and get you into your first home
Rated 5 from 36 Reviews
Buying your first home is likely to be one of the largest purchases you'll make. In Australia, first home buyers can take advantage of the current market conditions as well as generous Government Incentives (including the first home owner grant) to get on the property ladder.
We've worked with clients across Australia to access the different first home owner grants (FHOG) as well as the various stamp duty and other concessions that may be available depending on which state you are in. We can talk you through your various options as well as helping you compare things like buying vacant land vs. an established home. You may also be eligible for the Home Guarantee Scheme which can make a big difference in the type of property you may be able to purchase.
Understanding the process to buying your first home is critical as well as understanding how much you can borrow and how much you should borrow. We've been supporting first home buyers through the purchasing process for years and can help guide you through purchasing your first home.
We're a proud member of the Mortgage and Finance Association of Australia and can help First Home Buyers right across Australia. If you're looking to buy your first home, we have the expertise and experience to guide you through the process and make the right choice.
- Chris Thompson, Managing Director
We understand that the anticipation of owning your first home can be an exhilarating experience. That's why we've designed our services to be swift and responsive, ensuring that you're never kept waiting. Our expert team is well-versed in the intricacies of the first-time home buying process, and we're committed to guiding you through every step of the way. No more frustrating delays – we'll keep pace with your excitement and have you on your way to homeownership in no time.
Talk to an ExpertThe path to purchasing your first home may seem daunting, but Yellow Mortgage House, you're never alone. Our mission is to empower you with the knowledge and confidence you need to make informed decisions. Our experienced professionals are here to provide comprehensive education and clear guidance on every facet of the home buying process. From understanding mortgage options to decoding real estate jargon, we'll equip you with the insights necessary to navigate the market with ease.
Check your Borrowing Capacity
We believe that your journey into homeownership should be focused on excitement, not stress. That's why we've simplified the entire process to make it easy and accessible for you. Our streamlined procedures, user-friendly tools, industry leading tech and transparent communication ensure that you're always in the loop and in control. With Yellow Mortgage House, you'll discover that the path to your first home is much smoother than you ever imagined.
Request a Call BackIn 60 seconds, understand how much you can borrow to buy your dream home.
Get your Borrowing Capacity
1. Initial Consult
Have a chat with one of our qualified Mortgage Brokers who will understand your situation and talk you through the next steps.
2. Fact Find
We'll work with you to understand a bit more about your situation (including your financials, assets etc.) to make sure you will qualify for a loan.
3. Pre Approval
Once you're approved, you can start bidding or making offers on properties you want to purchase.
4. Settlement
You settle on the property, your loan draws-down and you're good to go!
AM
Andrew Middlehurst
Nothing was too hard for Chris. He’s always available and ready to find the next solution. This was particularly helpful refinancing during this tough climate and changing market. I won’t hesitate next time I need advise or my next loan. Thanks Chris
ES
Ellie Stafford
Chris was amazing throughout the process of buying my first home. A process which is quite overwhelming at times, Chris was very approachable and broke everything down so it felt more manageable. Could not recommend more highly.
KT
Katherine Thomas
I can’t speak highly enough of Chris. He’s dedicated, hard working, approachable and supportive. He explains things you may not understand with patience and understanding. He really pushed to get my loan through in a tight timeframe, and he …
Commonly required documents include proof of income (payslips, tax returns), proof of identity (passport, driver's license), employment information, details of existing debts, and statements of savings and assets.
The deposit required depends on the lender and the type of loan you're applying for. In Australia, a common rule of thumb is a 20% deposit, but some lenders may accept lower deposits with the inclusion of Lenders Mortgage Insurance (LMI).
A mortgage broker is a professional who acts as an intermediary between borrowers and lenders to help people secure home loans. They assess your financial situation, research available mortgage options, and assist in finding the most suitable loan for your needs.
Mortgage brokers have access to a wide range of lenders and loan products, offering you a broader choice than what a single bank can provide. They can save you time by comparing multiple options and potentially help you find better terms or rates.
The mortgage application process can vary depending on the complexity of your financial situation, the lender's processes, and market conditions. On average, it can take a few weeks to a couple of months from application to settlement.
A fixed-rate mortgage has a set interest rate that remains constant for a specified period, providing stability in monthly repayments. A variable-rate mortgage has an interest rate that can fluctuate based on market conditions, potentially affecting your monthly payments.
Yellow Mortgage House Pty Ltd ABN: 68 665 459 718. Yellow Mortgage House is a credit representative (CRN: 546082) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence Number 548540).
The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
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