Buying your first home is an exciting milestone, but it can also be overwhelming trying to figure out where to start and who to trust for honest, reliable finance advice.
When it comes to securing a first home buyers loan that suits your needs, having a reliable, impartial, and friendly mortgage broker by your side can simplify the process, reducing stress and making what can feel like a daunting experience much easier to navigate in a timely manner.
We assess your financial position to calculate how much you can borrow and help you focus on properties that fit comfortably within your budget.
With access to a diverse range of lenders, we compare loan options and recommend the first home buyers loan that best suits your needs - transparent, competitive, and with no hidden surprises.
We take care of the pre-approval process, giving you the confidence to start house-hunting with your finance already in place.
We outline all the costs involved - from lender fees, government charges, and legal fees - so you can move forward with confidence.
We identify any government grants, stamp duty concessions, or first home buyer schemes you're eligible for - and help you apply for them.
We’re with you every step of the way - from application to settlement - ensuring your first home buyers loan is finalised smoothly and on time.
I recently went through Renee and Ebony at RD Finance Solutions for the purchase of my first home. From the very first phone call, my experience has been faultless, nothing was too hard, I always felt prioritized and made time for. Renee and Ebony’s professionalism, knowledge and communication is incredible, I highly recommend using the team at RD Financial Solutions, they made buying my first home feel both memorable and special, thank you!
Craig S
Buying your first home is a big milestone – and it’s completely normal to feel unsure about where to start.
Questions like “How much can I borrow?” or “Do I need a 20% deposit?” are common, and we’re here to help you find the answers.
A great place to begin is with these simple, easy-to-use calculators:
While a 20% deposit is often recommended to avoid Lender’s Mortgage Insurance (LMI), and to secure a better interest rate, it’s not always necessary. LMI protects lenders in case you can’t meet repayments, or the property is sold for less than the loan balance.
An alternative is using a guarantor – typically a family member who can secure your loan with their property as collateral. This can allow you to bypass LMI and even secure a no-deposit loan.
Or if eligible, using the Government Guarantee Scheme, which does require you having a 5% deposit.
Contact us to explore your options.
Both fixed and variable rates have advantages and disadvantages.
A variable rate adjusts with market conditions, meaning your repayments may fluctuate as the rate can increase and decrease. A variable rate allows you to make additional repayments (including lump sum deposits) without restrictions. It also offers interest saving features like redraw and offset.
A fixed rate remains consistent for an agreed term, offering predictability and stability. These loans can come with early break costs and restrictions on how much extra you can repay during the fixed period.
The right choice depends on your financial goals and preference. We’re here to help you decide what’s best for your situation.
Pre-approval is granted by a lender before you purchase a property. It provides an idea of how much you can borrow from that lender, allowing you to confidently enter home buying negotiations.
Unconditional approval, is granted after you have signed a home contract and submitted all required documents to the lender. This is the finance Approval.
Not always. Your personal circumstances may be very strong – great employment, high deposit and terrific credit score. You might be a lenders dream customer and therefore obtaining a home loan will be a quick process. Alternatively, your individual scenario might require more attention, you might have fluctuating income, blended family, centrelink income, or an imperfect credit file.
In some cases we do recommend obtaining pre-approval before you start house hunting. We will determine best steps for your circumstances, to make your home buying journey successful.
Yes. Being self-employed can make proving your income more complex, but we specialise in assisting self-employed individuals. There are various methods lenders use to calculate self-employed income. Our team will determine best method for you based on your business structure and financials.
When you’re ready to take the next step, we’re here with expert advice and personalised support to guide you through your first home journey.
