At 10X Home Lending, we understand that buying your first home in Australia is more than just a transaction; it's a milestone. That's why our professional mortgage broker specialises in guiding first home buyers through the complex world of home loans, ensuring you make informed decisions with confidence.
Our experienced mortgage broker Michael Wu tailors advice to your financial position, guiding you through the entire home loan process, from understanding loan features to securing the right loan for your dream home.
We simplify all the paperwork and manage the home buying process, ensuring a smooth journey from pre-approval to settlement.
Navigating the First Home Owner Grant, stamp duty exemptions, and concessions can be complex. We provide all the support you need to maximise these benefits, potentially saving you thousands.
With access to a wide range of loan products from most lenders, we ensure you get a better deal, whether it's a low interest rate, low deposit options, or avoiding unnecessary lenders mortgage insurance.
Our service is free. We're compensated by the chosen lender, ensuring our focus remains on finding the best lending solution for you.
✔ Understanding Your Borrowing Capacity
We assess your financial situation, credit history, and borrowing capacity, helping you set realistic expectations for your home purchase.
✔ Home Loan Pre-Approval
Our pre-approval process is designed to give you a clear idea of what you can afford, making the search for the right property more focused and efficient.
✔ Navigating Government Schemes
Whether it's the First Home Owner Grant, Home Loan Deposit Scheme, stamp duty concessions, or the First Home Guarantee, we ensure you benefit from every available opportunity to reduce your upfront costs. The First Home Guarantee is a government initiative that enables first home buyers to purchase a home with a minimum deposit of just 5%, making homeownership more accessible. This scheme is designed to support eligible first home buyers who have saved for a deposit but are struggling with the entry costs into the housing market. At 10X Home Lending, we can guide you through the eligibility criteria and application process for the First Home Guarantee, helping you secure your dream home sooner than you might think.
✔ Finding the Right Loan
From the purchase price to loan features and the impact on your tax returns, we compare loan options to find the best fit for your new home or investment property.
The journey to buying your first home or investment property should be exciting, not daunting. With 10X Home Lending, you'll have an experienced broker in Melbourne dedicated to making your home buying process as seamless and successful as possible. From securing home loan pre-approval to handing over the keys to your brand new home, we're with you at every step, offering expert advice and support.
Ready to take the first step towards your dream home? Contact us today for a consultation and let us help you live your best life as a proud home owner.
Do I need a mortgage broker for first home buyers?
Yes, a mortgage broker can be invaluable, especially for first-time buyers. At 10X Home Lending, we specialise in navigating the property market and the entire home loan process, ensuring you get the best deal and the right advice tailored to your needs. Our expertise can save you time, money, and stress.
What is the First Home Owners Grant and am I eligible?
The First Home Owners Grant (FHOG) is a one-off payment to help first home buyers purchase their first property. Eligibility criteria include factors like the value of the home, whether it's a new build, and your status as a principal place of residence. We can help you understand these criteria and assist with your application to the State Revenue Office.
Will I have to pay lenders mortgage insurance?
Lenders Mortgage Insurance (LMI) is typically required if your deposit is less than 20% of the property's purchase price. However, there are ways to potentially avoid or reduce this cost. We explore all options to minimise your expenses, ensuring the whole process remains within your financial reach.
How does the pre-approval application work?
A pre-approval application gives you an idea of how much you can borrow, making your property search more focused. We guide you through the pre-approval process, assessing your financial situation against various lenders' criteria to secure your pre-approved status. This step is crucial for time buyers to navigate the property market effectively.
Can I benefit from stamp duty exemptions or concessions?
First home buyers may be eligible for stamp duty exemptions or concessions, significantly reducing the cost of buying property. These benefits depend on factors like the purchase price of your first property and whether it will be your principal place of residence. We provide the right advice to help you understand and apply for these benefits.
Is it possible to get a good deal on interest rates as a first home buyer?
Absolutely. Despite being first-time buyers, you can still access competitive interest rates. Our role as your home buyer mortgage broker is to compare offers from various lenders, ensuring you receive the best deal possible on your loan. Interest rates can vary significantly, and our expertise ensures you're well-positioned to make an informed decision.
How can 10X Home Lending make my home buying process stress-free?
Our experienced broker at 10X Home Lending, based in Melbourne, is dedicated to making your journey to homeownership as smooth and stress-free as possible. From navigating the first home owners grant and securing pre-approval to finding the best loan and finalising your purchase, we manage the entire process, providing expert guidance and support every step of the way.