FIRST HOME BUYER

Mortgage Broker Central Coast, Northern Beaches & Greater Sydney

Hi, my name is Reuben and I own and manage Horizon Mortgages—a mortgage broker service that covers from the Central Coast, Northern Beaches to Greater Sydney. Because I am a mobile broker, I am available to visit you at a time and a place that suits your schedule. Or alternatively if you’d prefer we can meet up via Zoom/ Facetime etc. As a mortgage broker, I have access to over 35 lenders and literally hundreds of loan products, including those from the Big Four Australian banks—ANZ, CBA, NAB and Westpac.

Ready to Buy Your First Home?

Buying your first home is such an exciting time but, as you may be discovering, there is a lot to get your head around. At Horizon Mortgages, we specialise in helping First Home Buyers with loans, from the Central Coast through to Greater Sydney. We can answer your questions, negotiate your home loan, and be there to help you—from the start of your journey to the settlement of your new home and beyond. We pride ourselves on making sure that finding the perfect property is the hardest part of buying your first home.

We will help you through the entire process of getting your foot on the property ladder. As your specialist first home buyer mortgage broker, you can rely on Horizon Mortgages to:

• OFFER INVALUABLE ADVICE AND GUIDANCE

• MAKE EVERYTHING EASY TO UNDERSTAND

• FIND AND SECURE THE HOME LOAN THAT BEST SUITS YOU

• HELP YOU GET HOME LOAN PRE-APPROVAL

• HELP YOU TO APPLY FOR FIRST HOME BUYER INCENTIVES

• DO ALL OF THIS FREE OF CHARGE

Where to Start as a First Home Buyer

Starting out in the property market can feel overwhelming. While this is your first time negotiating the challenges and potential pitfalls, it’s by no means ours. Horizon Mortgages will be there at every step providing the expert guidance and answers you need to feel confident about your decisions.

We'll walk you through different scenarios and clearly explain how much you are able to borrow, how much you should borrow given your individual circumstances, all the costs involved, and what to expect at every step of the journey toward owning your first home.

We listen to your needs, wishes, and plans for the future, compare the broad range of product options offered by leading lenders, then negotiate for the one that really works for you—so you’ll never lose sleep wondering if you missed out on something better.

Get Ahead with Home Loan Pre-approval

If you’re still searching for your dream home, Horizon Mortgages can help with a home loan pre-approval, subject to eligibility and conditions being met. With a ‘Pre-Approval’ (also known as a ‘Approval in Principle’ or ‘Conditional Approval’) you will not only know exactly how much you can spend when you find that ideal property, but you will also be able to make an offer to purchase with the confidence that you will have the funds you need to follow it through to putting your key in the door of your new home.

Secure Your First Home Owner Grant

If you're eligible for the First Home Owner Grant (FHOG) we can lodge your application and all the supporting documents with Revenue NSW for you. Taking advantage of our expertise in meeting the requirements means you don’t need to worry about making errors or omissions that could delay the approval of your application. We can also advise on other Government incentives/ deductions available for First Home Buyers.

Take Advantage of Our Fee-Free Mortgage Services

Should you choose to do business with Horizon Mortgages, we won’t charge you any fees for our services. Instead, we will receive a commission on settlement from the lender that provides you with the home loan that best suits you. That’s one less up-front fee you need to allow in your budget for buying your first home.

FIRST HOME BUYER FAQs

How does the whole process of getting a home loan work?

While it can seem complicated to first home buyers, it’s our job as your mortgage broker to know the whole process inside out. That’s why we walk you through every step of the way until you are formally approved for your home loan and settled into your new home.

Should I get pre-approved for a loan and how long does that take?

Getting pre-approval for your home loan enables you to search for a home that is within your price range. It can save you the heartache of falling in love with a home that you think you can afford but lenders don’t believe you can. You can think of being pre-approved to borrow as a trial run for obtaining formal approval for your actual home loan. Gaining pre-approval can take anywhere from 1 to 28 business days, depending on if you have all your documentation in order and whether or not it is a particularly busy time for lenders.

What documentation do I need to provide?

• Proof of Income (such as payslips and tax returns)

• Bank Statements, Evidence of a Pattern of Savings (rather than one-off deposits of, for example, bonuses, bequests or proceeds from the sale of assets, such as a car)

• Details of Assets and Liabilities (including credit card debt and personal loans)

• 100 Points of Government-recognised Identification.

Am I eligible for any government grants or rebates?

At Horizon Mortgages, we specialise in First Home Buyers loans, so we suggest it’s best to talk to us about the eligibility criteria for these grants/ incentives and subsidies as state governments are forever changing and updating policies aimed towards First Home Buyers.

What is my borrowing capacity?

Your borrowing capacity is the amount a specific lender is prepared to lend you to buy your first home. This amount can vary from lender to lender as each uses different criteria to assess your ability to repay. Your lender will calculate your borrowing capacity in a way that ensures that you do not borrow more money than you can afford to repay over the term of the loan.

Using our Loan Calculators ➤ can give you a good idea of how much you will be able to borrow.

You can also use our calculator to estimate the Property Fee ➤ for the purchase of your home.

The following factors will affect your borrowing capacity:

• whether you are making an individual or a joint application

• your number of dependants (if any)

• your individual or joint net income from employment and any other income you may receive

• your expenses, including repayments for existing loans, credit card limits, and monthly living expenses.

When you are ready to apply for a loan for your first home, I would love to help you choose the one that’s right for you — Reuben