Buying your first home is a major milestone. The right home loan can save you thousands over the life of your mortgage, speed up approval, and make the process far less stressful. Here is how to make a smart choice from the start:
Calculate your deposit, monthly repayment comfort zone, and extra costs such as stamp duty, legal fees, and insurance. This prevents surprises later.
Avoid limiting yourself to one bank. A broker with access to dozens of lenders can find better rates, more flexible terms, and loan products tailored to your needs.
Low interest rates are important, but features like offset accounts, redraw facilities, and repayment flexibility can save more in the long term.
Your visa status, income type, and credit history affect your loan options. A broker can match you with lenders who accept your profile and speed up the process.
Gather proof of ID, income statements, bank records, and asset details early. This preparation can cut approval times from weeks to days.
If you plan to upgrade or invest later, choose a loan structure that allows for growth. The wrong product can make refinancing harder or more expensive in the future.
Encharge Capital specialises in helping first home buyers match with lenders who understand their unique situation. With expert guidance, streamlined paperwork, and access to over 50 trusted lenders, they make buying your first home simple, stress-free, and fast.