First Home Buyers Melbourne

Seddon Melbourne Mortgage Broker

Get expert advice every step of your homebuying journey

Stepping into home ownership is an exciting time in your life. But it can be complicated. Knowing what property will suit your current and future needs is one thing. Setting yourself and your family up for a secure future is another.

Saving for a deposit takes time. Whether you’re ready to take action now, or at the starting point, we work with you to set you up for stress-free home ownership.

Our friendly mortgage broker guides you

It’s important to have a mortgage broker near you because they understand the local environment.

James Clark is a local. He and his young family live and work in Melbourne’s western suburbs. He is a homeowner and knows the area and all the house and land package deals on the market.

He helps you work through what you need to be eligible for an affordable-rate mortgage and the First Home Owner’s Grant (FHOG) and other subsidies.

Get focused on your home buying success

In a personal consultation, James will go through with you:

  • your budget – and how you can maximise savings and reduce outgoings
  • the types of loans and lenders most likely to suit your needs
  • how to avoid the traps and pitfalls of mortgages so that your home loan is paid off earlier.

At the end of the first consultation, you will have a clear action plan for your next steps towards getting the keys to your first home.

Why choose an independent loan broker?

James is an independent mortgage broker so that he can give you the very best advice and offers that meet your needs. He can offer you loan products from over 40 lenders and banks.

We are all unique. STARK Finance can tailor the home loan to best suit your needs.

James understands that it can take time to be ready to buy your first house. He will keep in touch as you get ready. If you need help with budgeting, or reducing your utility bills, James can connect you with recommended providers that will save you costs and get you closer to your first home ownership goal.

What our clients say

Book Your First home buyer consultation

Talking with James can help you get into your first home faster, easier and stress-free. Book an obligation-free chat.

Book Your First home buyer consultation

Talking with James can help you get into your first home faster, easier and stress-free. Book an obligation-free chat.

Access to the best Australian loan providers

Get access to over 40 banks and lenders through our independent mortgage broker.

Find out how much you can borrow

Use our loan calculator to get a first impression of how much you can borrow. Our expert loan broker will be able to give you a clearer picture based on your personal situation.

First Home buyer questions

There’s a lot to think about when you’re buying your first home. Here are some questions James gets asked every day by first home buyers in Victoria.

The First Home Owners Grant is a government scheme that provides financial assistance to first home buyers.

The First Home Owners Grant can be used for the purchase of newly built homes and established homes. The amount of the grant varies depending on where you live in Australia, with regional areas receiving more funding than inner urban areas.

The First Home Super Saver Scheme is a scheme introduced by the Australian Government to help first-time home buyers get into the housing market.

This scheme encourages first time home buyers to save a deposit by allowing them to make voluntary super contributions of up to $15,000 per

The first home buyer loan is a type of mortgage that is designed specifically for people who have never owned a home before. Without good research and selection, they can be more expensive than other types of mortgages because they require the borrower to put down a larger deposit upfront.

A good mortgage broker thinks about fees and your personal circumstances before recommending a product.

Lender’s Mortgage Insurance is a type of insurance that protects the lender from loss in the event you don’t pay the mortgage. It does not protect borrowers, but instead covers lenders for any losses incurred if you default on your mortgage. The cost of this type of insurance is typically added to your monthly mortgage payment.

The amount depends on the size of your deposit and how much you borrow.

The first home buyer stamp duty in Victoria is the charge that you need to pay to the government for buying your first home. The amount of stamp duty you will have to pay depends on the price of your property.

Stamp duty rates for properties over $750,000 are at 3%. For properties under $750,000, there is a sliding scale which starts at 1% and goes up by 0.5% each time you go up in price. So if you buy a property worth $600,000 then you will need to pay 1% stamp duty, if it costs $700,000 then you will need to pay 1.5% and so on until it reaches 3%.

If you are a first home buyer and looking to buy a house in Victoria, you would need to have at least 5% of the purchase price as your deposit. This is because the Australian government requires that all first home buyers have at least 5% of the purchase price as their deposit.

Of course, the bigger the deposit you have, the better as you can get a better offer and can avoid Lender’s Mortgage Insurance.

Melbourne Areas we serve

Whether you’re looking for a house and land package in Melbourne’s newest northern and western suburbs, or a new home in a more established area, we’ve got you covered. We know the requirements of all the land developers and builders, like Symonds, Eight Homes and Metricon.

  • Altona
  • Caroline Springs
  • Epping
  • Essendon
  • Geelong
  • Keilor East
  • Moonee Ponds
  • Sunshine
  • Sydenham
  • Tarneit
  • Taylors Lakes
  • Thomastown
  • Truganina
  • Werribee
  • West Footscray
  • Williamstown
  • Yarraville
  • and more…

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