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

Buying your first home is an exciting milestone, but it can also bring about a multitude of questions and decisions. At Ozgroup Finance, we specialise in guiding first home buyers in Monash, Victoria, and across Australia through this important journey. Our goal is to help you access Home Loan options from banks and lenders nationwide, ensuring that you find the best fit for your financial situation and future plans. With our expert assistance, you can understand your borrowing capacity and explore opportunities such as interest rate discounts and first home owner grants (FHOG).

For first home buyers, understanding the variety of Home Loan options available is crucial. We provide access to banks and lenders across Australia, offering both fixed and variable interest rate loans, so you can choose what suits your lifestyle and financial goals. Fixed interest rates provide stability in your repayments, while variable rates offer flexibility and the potential for interest rate reductions. Additionally, our team will help you check eligibility to access lenders mortgage insurance (LMI) waivers, which can reduce upfront costs significantly.

Another aspect of buying your first home is managing the application process efficiently. At Ozgroup Finance, we streamline this process by assisting with gathering necessary documents like bank statements and assessing your credit history. Understanding your credit history is essential as it can impact your loan amount and the interest rates available to you. We also calculate your loan to value ratio (LVR) to determine how much you can borrow without incurring additional fees like LMI. By getting pre-approved, you will have a clearer picture of your financial standing and be better prepared to make an offer on a property.

First home buyers often face the challenge of understanding additional costs such as stamp duty. Our experienced brokers at Ozgroup Finance explain these expenses clearly, helping you incorporate them into your overall budget. We also explore ways to maximise benefits like the first home owner grants (FHOG), which can ease the financial burden of buying a home. Furthermore, we advise on setting up an offset account to reduce the interest payable on your loan, potentially saving you money over time.

As part of our comprehensive service, we also discuss investment loan options if you are considering purchasing your first investment property. Understanding the property market is key when applying for a Home Loan or an investment loan. Our team evaluates your borrowing capacity and guides you through the investment loan application process, ensuring that you are well-informed every step of the way.

Ozgroup Finance is dedicated to making buying your first home a smooth and rewarding experience. Whether you're a first-time buyer looking to apply for a Home Loan or considering investment opportunities, our professional team is here to support you every step of the way. Contact us today to explore how we can assist you in achieving your home ownership dreams.