First Home Buyers

Get your First Home Loan plus understand any First Home Buyer Grants & Incentives

Buying your first home can be both an exciting and daunting journey, filled with many decisions to make and options to consider. This is where Margin Finance steps in to guide first home buyers through the maze of home finance options. Choosing Margin Finance means taking the stress out of the most significant purchase you might ever make, thanks to our personalised support, expertise, and access to a wide array of home loan options from banks and lenders across Australia.

First home buyers choosing Margin Finance benefit from our ability to explore a plethora of home loan options, ensuring the perfect match for their financial situation. With an expansive network of banks and lenders at our fingertips, we are able to secure competitive interest rate discounts, tailor options for those with unique credit histories, and even address the various aspects of lenders mortgage insurance (LMI), stamp duty, and loan to value ratios (LVR). Our proficiency doesn’t end there; we also excel in navigating through both fixed and variable interest rate loan options, making us a comprehensive ally in your home-buying journey.

The application process for a home loan can often seem overwhelming for first home buyers. Margin Finance simplifies this with a streamlined application process, designed to take the heavy lifting off your shoulders. Whether you are applying for your first home loan or exploring investment loan options, we ensure clarity and ease from start to finish. This includes getting pre-approved, calculating your borrowing capacity, and understanding the significance of providing accurate bank statements – all crucial steps in purchasing your first home or investing in your first property.

Understandably, the property market can fluctuate, affecting the decision-making process. Our team stays abreast of market trends, offering first home buyers timely advice and options that best suit their needs, whether it’s a home to live in or an investment property. Moreover, our services extend to advising on the benefits of various features such as offset accounts, understanding the importance of first home owner grants (FHOG), and navigating the intricacies of investment loan applications.

In conclusion, for first home buyers, choosing Margin Finance as your partner in this journey means benefitting from a breadth of expertise and resources. Our commitment to providing access to an extensive range of home loan options across Australia, coupled with a personalised approach to your individual financial situation, makes us the perfect choice for anyone taking the initial step towards home ownership.

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In 60 seconds, understand how much you can borrow to buy your dream home.

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10 things to consider when buying your first home in Victoria.

Embarking on the journey of buying your first home can seem like navigating a maze. But fear not! Margin Finance is here, your trusted compass in the world of real estate, to guide you through this exciting journey.

Evaluate What You Can Afford: The First Step on the Property Ladder

Before you dive into the property market, determine your budget and borrowing capacity. This will vary between different lenders depending on how they assess your ability to repay your home loan. Remember, your dream home is one that doesn't keep you up at night worrying about repayments!

Pre-Approval: Your Green Light in the Property Race

Having pre-approval from your selected lender allows you to search for a property that strikes the right balance between affordability, location, and amenities. Make a list of must-haves and nice-to-haves, and let your house-hunting adventure begin!

To Build or To Buy: A Crossroads in Your Home Journey

Building your home offers a unique opportunity to create a space that's uniquely yours. However, buying an existing property is often quicker and less stressful. Whatever path you choose, ensure it aligns with your lifestyle and long-term goals.

Apartment vs House: Your Lifestyle, Your Choice

Choosing between an apartment or house usually comes down to what matters most to you - more space or location? Whether you prefer the buzz of inner-city living or the tranquillity of the suburbs, there's a perfect home out there for you.

Save for a Deposit: Your Ticket to Home Ownership

Aim to save a deposit of 20% to avoid paying lender’s mortgage insurance. Consider using schemes like the First Home Super Saver Scheme to bolster your savings and get you closer to your dream home.

First Home Owner Grant: A Helping Hand from the Government

First home buyers may be eligible for the First Home Owner Grant (FHOG), a government initiative designed to help you purchase or build a residential property. This could be the financial boost you need to make your dream a reality.

Stamp Duty Concession or Exemption: A Potential Game-Changer

Stamp duty can be a significant upfront cost when buying a property. However, as a first home buyer, you may be eligible for concessions or exemptions that can lighten this financial load.

Principal Place of Residence (PPR) Concession: More Savings for Victorians

A principal place of residence (PPR) duty concession is also available for Victorians who buy a new or established property valued up to $550,000.

Hidden Costs: The Unseen Icebergs of Home Buying

Purchasing a home comes with various hidden costs, including lenders mortgage insurance, loan fees, conveyancing fees, building inspections and insurance, and rates adjustment. A clear understanding of these costs ensures there are no nasty surprises down the track.

Partner With the Right People: Your Dream Team in Property Buying

The journey to your first home isn't one you have to take alone. Partner with the right people - brokers, agents, and advisors, who can provide expert guidance every step of the way.

In conclusion, buying your first home in Victoria might seem like a daunting task, but with Margin Finance by your side, you can navigate this journey with confidence and ease. Now that you have these ten tips in your arsenal, you're ready to make your dream of home ownership a reality! Trust in us, your trusted guide in the world of finance!

Buying your First Home with a Home Loan

Initial Consult

Have a chat with one of our qualified Mortgage Brokers who will understand your situation and talk you through the next steps including what to expect as a First Home Buyer.
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 your First Home Loan.

Pre Approval

Once you're approved, you can start bidding or making offers on properties you want to purchase.

Settlement

You settle on the property, your Home Loan draws-down and you're good to go!

Book Appointment

A margin exceeding the means of others

Alyssa Tucker

Fabio Andrade

What can I genuinely say apart from that the Team at Margin Finance are amazing. I made a call to Damian as I wanted to refianance but was under time pressure and really didnt want evaluators coming over as it was hard for us to arrange dates and times. Damian understood this, and took his time to explain all the different options available to us, within a day or so he presented some offers and allowed us to chose what we would like. .Once a decision was made, Alex and Andrew took over and guided us through the rest of the process. It was stress free, seamless and before you knew it you had refinanced within a tight timeframe. No matter your needs and requirements, if you want a process that is clear, seamless and stress free, I highly recommend the team at Margin Finance. You won't be disappointed. Old school customer service at its best.

Elyse Hudson

SIMPLE! STRESS FREE! SEAMLESS! We have had a 10/10 experience with Damian and the team at Margin Finance. During this very stressful time, the team made us feel comfortable and we were told everything in a clear and concise way. We were provided with ongoing updates as we moved through the process. Nothing was too hard for the team and they went above and beyond for our family. We are eternally grateful and will be recommending Margin Finance to anyone who asks! Thanks team!!!!

Sean Hutton

As first-time buyers, we were understandably anxious about finding the right broker. After meeting Damian and his team, we knew we had found a killer match. Their genuine expertise and years of industry experience stood out. They broke down the process clearly, presented our options, and got us started without delay. We decided to use their "Acquisition Service," and it proved invaluable. The Margin team handled all negotiations on our behalf—essentially, we handed it over to them and awaited the thumbs-up and the exciting news that we were officially homeowners. Thanks to their efforts, we saved around $50,000 off the asking price, which was an incredible outcome. Beyond their services, Damian and the Margin team were friendly, accommodating, and always accessible, continuing to support us even after the purchase. We wholeheartedly recommend this outstanding team.

Chris McCormack

Would 100% recommend. Top class service and a team willing to go above and beyond!

Judd Brewster

Buying your first home can be a daunting experience, Damian and the team brought calmness, convenience and experience to this great memory of ours. Very thankful for the work and help guys, keep it up !

THE MEANS TO OVER 45 LENDERS

Frequently Asked Questions

What is a Pre-Approval?

Enter the property market with confidence when you are pre-approved for a home loan.

Pre-approval is a crucial step in purchasing a property. To be pre-approved means a lender ‘pre-approves’ an amount you can borrow based on a complete assessment of your financial situation.

This means you can attend auctions confidently and comfortably knowing what your borrowing capacity is. It also means you can begin the building process knowing your limit if you desire to build on vacant land instead of buying established.

Whether you are borrowing a small amount or a larger amount, a formal pre-approval is always a great idea.You'll know exactly how much you are able to spend which places you in a stronger position to negotiate with a vendor or bid at an auction.Another advantage to getting pre-approved? Your final loan will be organised a lot faster.At Margin Finance, pre-approval is cost-free.

What is a Deposit Guarantee?

Another finance option is a deposit guarantee, also known as a deposit bond.

Instead of putting down a cash deposit to secure your new home, you take out a deposit guarantee provided by a lender.

It can be a cheaper alternative to a bridging loan and it provides you with reassurance that the new property will be held until you settle your own home.

Can you help me understand costs of buying?

Purchasing a home comes with various hidden costs, including lenders mortgage insurance, loan fees, conveyancing fees, building inspections and insurance, and rates adjustment. A clear understanding of these costs ensures there are no nasty surprises down the track and this is where we can help.

What is FHOG?

First home buyers may be eligible for the First Home Owner Grant (FHOG), a government initiative designed to help you purchase or build a residential property. This could be the financial boost you need to make your dream a reality.

What are some of the first steps I should think about?