First Home Buyers home loans

Buying your first home is very exciting however can be daunting to most first home buyers as there is so much information to absorb. Landmark Financial Services can help you with step by step process making it easier for you understand. Please contact us to help you with your questions.

Some of the questions asked by first home buyers

How Much can I borrow?

How much you can borrow largely depends on the income you earn and how much deposit you have. Borrowing capacity also differs between each lender.

Knowing how much you can borrow allows you to purchase a property within your spending budget without the temptation to overspend.

Do I need a deposit?

Yes a minimum deposit of 5% is required by all Australian Banks. The deposit needs to be in the form of genuine savings over a period of time, usually 3 months is required, sometimes the lenders require proof of savings over 6 months.

What type of loan is best for me?

There are so many products to choose from. It can be very confusing and difficult for a first home buyer to understand how the products work and what works best for their type of circumstances. Landmark Financial Services can help explain the different types of loans and what all the features mean to you. Each individual has different circumstances and goals.