We'll help you understand the loan types, grants and incentives to get you into your First Home

Buying your first home is an exhilarating milestone, and at Traj Finance, we understand that it can also be a complex process. As a trusted finance and mortgage broking business based in Australia, we are here to assist business owners, professional services employees, and high-net-worth individuals across the nation. Our aim is to simplify your journey as first home buyers by providing access to Home Loan options from banks and lenders across Australia. We offer expert guidance on interest rates, eligibility for first home owner grants (FHOG), and much more, ensuring you are well-prepared to make informed decisions.

When buying your first home, understanding your borrowing capacity is key. At Traj Finance, we work with you to assess your financial situation thoroughly. This includes evaluating your credit history and bank statements to determine the loan amount you can comfortably manage. By checking eligibility to access lenders mortgage insurance (LMI) waivers, we help you minimise upfront costs. Our expertise enables us to secure favourable interest rates, whether you’re considering a variable interest rate or a fixed interest rate, to suit your specific needs.

The property market can be overwhelming, but our streamlined application process makes applying for a home loan straightforward and efficient. We assist with every step of the application process, ensuring you have all necessary documents, such as proof of credit history and financial statements, ready for submission. Our access to banks and lenders nationwide means we can present a variety of Home Loan options tailored just for you. This includes exploring interest rate discounts and offset account benefits that could enhance your financial strategy.

First home buyers often worry about additional costs like stamp duty. Fortunately, we guide you through potential savings, including eligibility for first home owner grants (FHOG). We also offer advice on managing the loan to value ratio (LVR) to optimise your financial position. For those considering future investments, we provide insights into investment loan options and the first investment property journey. Understanding these aspects early on can lead to more strategic decisions down the line.

At Traj Finance, applying for a home loan is not just about securing funds; it's about building a foundation for your future. Our experts help you get pre-approved for your first Home Loan, offering peace of mind as you enter the property market. Whether you're eyeing your dream home or planning to apply for an investment loan application later, our comprehensive support ensures you're well-prepared.

As you embark on the exciting journey of buying your first home, Traj Finance is committed to being your trusted partner. We understand the importance of making informed decisions and are dedicated to providing access to Home Loan options from banks and lenders across Australia. Our expertise in interest rates, eligibility checks for LMI waivers, and knowledge of the property market equips you with the tools needed for success. Contact us today to explore how we can assist in making your dream of home ownership a reality.

The Home Loan Application Process for First Home Buyers

1. Initial Meeting
   Begin by having a chat with one of our qualified Finance & Mortgage Brokers, either face-to-face or via a Teams video call. We will explore your goals and overall strategy, taking time to understand your situation. We also discuss Home Loan types, options, and special policies you may be eligible for. This will include any Grants and Incentives on offer for First Home Buyers.

2. Documentation
   Next, we go over all necessary documents. Reviewing your financials, assets, credit history, and bank statements allows us to provide accurate insights into your borrowing capacity. This ensures we have everything we need for a strong submission that aligns with your financial objectives.

3. Strategy Meeting
   In this session, we delve into credit policies and refine your financials to maximise servicing potential. We break down the loan amount, interest rates (both variable and fixed), potential rate discounts, and the importance of the loan-to-value ratio (LVR). Our goal is to offer personalised solutions that match your objectives while ensuring a clear understanding of all requirements.

4. Home Loan Submission
   Once you receive your Home Loan pre-approval, you can confidently begin bidding or making offers on properties. We then submit your complete application and supporting documents to your chosen lender, aiming for the best possible outcome based on your financial goals.

5. Approval and Signing
   After approval, we organise document signing and provide guidance, ensuring clarity. We guide you through each step to finalise your Home Loan effectively.

6. Settlement
   Upon property settlement, your Home Loan is drawn down, and you can move forward. We coordinate with all relevant parties to make sure the process is efficient and seamless. You’ll also receive guidance on loan repayments and managing your interest rate.

7. Post Settlement
   Following settlement, we stay in touch to ensure everything continues to run smoothly. We remain available to answer any questions about your new loan and assist with any changes you might need. Furthermore, we review your loan every six months to maintain competitive pricing, demonstrating our commitment to your financial well-being.