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FIRST HOME BUYERS

Buying your first home is the biggest financial decisions you’ll make in your lifetime. Let us help you in this challenging process

This is a big step to take, a very exciting step, but one that comes with endless questions and options and decisions on how to finance it, how mortgages work and how to find the right one for you and the big question on how much you may be able to borrow. That’s why it’s so important to have a finance expert in your corner. At Delta mortgage, our experienced team of mortgage brokers are there to guide you every step of the way and make the process easy.

01

CHAT WITH A MORTGAGE BROKER

A Mortgage broker can help you save hours in searching for the right home loan. At Delta Mortgage we will compare over 30 lenders and hundreds of loan options to help you find the one that best suits you in short and long term. Every loan application is different, discuss your individual circumstances and needs to help you make the right decisions in your loan application.
02

KNOW YOUR BORROWING CAPACITY

Before you even start looking at houses, you need to do some groundwork. First and foremost, you need to take a hard look at your finances. You should find out the size of loan that you will qualify for and look at what kind of repayments you can afford without overextending yourself. The best thing to do before you start really searching for a home is to get pre-approval for a home loan. This means that you know exactly how much you can afford to pay and will help you narrow down your search.
03

GET THE RIGHT HOME LOAN

There are now literally hundreds of different loans available to Australian home buyers through all of the various lenders. If you’re not experienced, it is extremely difficult to sort through all of your options to make sure that you’re getting a loan that’s right for you. Based on your unique needs and circumstances, we will compare your options across all of your available options. We have access to over 30 different lenders, which means you can pick and choose the best loan rather than just accepting whatever your bank gives you.
04

BANK SAID NO !!!

Many of our clients come to us with stories of how their bank wouldn’t give them a loan or how another broker failed to live up to their expectations. Our brokers continually deliver results for clients who have been unable to secure a mortgage in the past. You need a solution that is tailored to your unique circumstances. With Delta Mortgage, you’re in safe hands. We know how to make your first home dreams a reality.
05

UNUSUAL CIRCUMSTANCES

If your circumstances are a little unusual, we can help you with that too. Here are some of the specialist services that we can offer:
  • Low deposit home loans
  • Guarantor home loans
  • Unusual employment loans
  • Specialist loans for professionals
  • Construction home loans
06

LOAN PRE-APPROVAL

A lot of first home buyers jump straight into the property searching process without even thinking about finance. Ultimately, this can result in stress and disappointment, especially if you miss out on your dream home because you couldn’t secure finance in time. The solution to this is getting pre-approval for a loan. This involves speaking to a mortgage broker before you even start looking for a house, identifying your borrowing power, loan repayments and who is likely to lend you the money. Make sure that you don’t overextend yourself in repayments and end up with a loan that you can’t afford.
07

KNOW THE SUBURBS

This could be your biggest investment of a life. You should consider all facts about the surrounding suburbs and then decide on searching suburbs. At Delta mortgage we can provide a "Suburb Profile Report" to our clients for FREE. This report will provide a snapshot of Houses and Units for sale, rent, Median sales & rent prices, Average days on the market, gross rental yields and Market activity snapshots.
08

PROPERTY REPORTS

One of the most important (and most confusing) steps in buying a property is house price research. Working out how much a house is actually worth is hard, and it’s important to realise that you should bring emotions out of this process. At Delta mortgage we can provide a Property Report to our clients for FREE. This report will provide a snapshot of your desire house. Each Property report consist of:
  • Your property information
  • Comparable Sales
  • Comparable Listings
  • Market trends in the suburb
  • Summary and Appraisal price range
09

UNDERSTAND THE BUYING METHODS

By now you might have found the perfect home, worked out how much it’s worth. Different buying methods have their own procedures. We recommend you to understand the following before getting into any agreement:
  • Difference between Auctions and Private sales
  • How to bid on the Auction day
  • How to make an offer in private sales
  • How to subject your agreement to Finance, Pest control, Building control, etc
  • What are the cooling off periods in each type of sales and their costs
10

FIRST HOME BUYER GRANT

As a first home buyer you may be eligible for a first home owners grant. The property can’t have been lived in, otherwise the first home owners grant won’t apply. In different states, grants are available to first home buyers who are buying or building a new home. This amount is different in different states. Your lawyer will assess your eligibility and calculate the amount in your settlement amount.  
11

SETTLEMENT

If you’ve got to the settlement stage, then you’ve done most of the hard work. Buying your first home can be hard work, but you’re almost there! Wait for your lawyer call on a successful settlement and get the keys from the real estate agent. It's time to celebrate at your first house.
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