First Home Buyers

Understand the loan types, grants and incentives to get into your First Home

Purchasing your first home is an exciting milestone, and at Pollux Financial, we are dedicated to making this journey as smooth as possible for first home buyers. Based in Canberra but serving clients across Australia, we offer comprehensive support to help you find the best Home Loan options from banks and lenders nationwide. Our expertise ensures you access competitive interest rates and check eligibility to access lenders mortgage insurance (LMI) waivers and first home owner grants (FHOG).

When buying your first home, understanding your financial situation is crucial. At Pollux Financial, we assess your credit history to determine your borrowing capacity and loan to value ratio (LVR), which are vital factors in applying for a home loan. By evaluating these elements, we help you understand the loan amount you can afford and guide you through the application process. We aim to help you get pre-approved so you can confidently explore the property market.

Another essential aspect is understanding interest rates. We help you compare variable and fixed interest rates, ensuring you choose the best option for your circumstances. Additionally, we can advise on interest rate discounts that may be available to first home buyers, providing further savings. Our access to banks and lenders across Australia means we can present a range of options tailored to your needs, whether you're considering an offset account or other flexible loan features.

Stamp duty and the potential benefits of first home owner grants are other critical considerations. We guide you through the complexities of stamp duty, ensuring you're well-informed about any exemptions or concessions available in your state. We also assist with first home owner grants (FHOG), ensuring you meet the eligibility criteria to maximise your savings. Understanding these aspects can significantly impact your overall financial situation when buying a home.

For those looking to expand their property portfolio, we offer advice on investment loan options. Whether it's your first investment property or expanding an existing portfolio, Pollux Financial is here to support your investment loan application with our streamlined application process. We ensure you have easy access to banks statements and other necessary documents, making the process as efficient as possible.

Pollux Financial is committed to supporting first home buyers in Canberra and beyond. Our expertise in helping clients apply for a home loan ensures a seamless experience from start to finish. We are here to simplify the process of buying your first home by offering expert guidance every step of the way. Whether you're interested in exploring interest rate discounts or need assistance with eligibility criteria for LMI waivers, our team is ready to assist. Contact us today to learn how we can help you achieve your dream of owning a home.

Getting a Home Loan with Pollux Financial

1. Understanding Your Needs
Your mortgage journey begins with a detailed consultation with your Finance & Mortgage Broker. Your broker will listen to your property goals, whether you’re buying a home, investing in real estate, or refinancing. They will assess your financial situation, considering factors like income, savings, liabilities, and credit history, to provide tailored advice on loan options available to you.

2. Financial Positioning
Your broker will request relevant documentation such as bank statements, recent tax returns, and evidence of assets and liabilities to determine your borrowing capacity. They will calculate how much you can afford to borrow, considering important factors like LVR, potential LMI, and interest rates. Your broker will also advise you on how to improve your financial standing if necessary, ensuring you are in the best position to apply for a loan.
3. Comparing Loan Options

Once your financial situation is fully assessed, your broker will begin comparing loan products from a range of lenders across Australia. They will help you weigh the benefits of fixed interest rate loans versus variable interest rate loans, as well as exploring options for offset accounts and interest rate discounts. They will also explain important terms like loan features, fees, and other considerations like the potential for future rate changes or LVR adjustments.

4. Submitting the Loan Application
Your broker will help you complete the loan application. They will guide you through submitting all necessary paperwork to the lender, including documents like bank statements, proof of income, and details of existing liabilities. Your broker will communicate directly with the lender to ensure the application is processed quickly, ensuring no delays in getting you the loan you need.

5. Loan Approval & Settlement
After your loan is approved, your broker will review the final loan offer with you and help arrange any necessary insurance. They will also work with you to ensure you understand the terms of the loan and guide you through the settlement process. Your broker will remain available to help you navigate any final hurdles before you complete the purchase of your property, land and build, refinance, etc.

Step 6: Ongoing Support
Once your loan is settled, your Finance & Mortgage Broker remains available for ongoing support. This may include advising on managing your loan repayments, exploring the possibility of refinancing, or helping you tap into your home equity for future property purchases. Your broker’s role doesn’t end at settlement—they’ll be there to guide you through the entirety of your property ownership journey.

Reviews for Pollux Financial

SK

Sandi Kinnane

I highly recommend Paul. He found us the best deal for our circumstances, kept us informed, explained the process at every step, and was very responsive to any questions. He made everything really easy.

IK

Izzeden Khalil

We've used Paul a number of times from refinancing my PPOR or purchasing investment properties. He made the process as hassle free as possible for us. Pauls’ understanding of the mortgage industry helped us getting hassle free finance for ...

NM

Nathan Morrison

Stress free refinancing. Paul and his team made our refinancing process an easy and positive one. Paul is an excellent communicator, and from our first meeting, knew what we wanted to achieve and worked hard to get us the result we wanted. ...

Frequently Asked Questions

Can you only help with Home Loans?

We can help with Home and Investment Loans, Construction Loans, Car Loans, Personal Loans and much more. If you're looking to borrow to buy something, we can probably help.

Can you help First Home Buyers?

We love helping First Home Buyers! We're experts at the entire process and can help you get the right Home Loan. We're also across the various schemes to help First Home Buyers such as the First Home Owners Grant and the various stamp duty exemptions available.

Can you help with refinancing an existing Mortgage?

Of course! We believe that we can find the best interest rate for you to refinance to, whether it's a Home Loan or Investment Loan.

Are your mortgage brokers licensed and accredited?

All of our Mortgage Brokers are accredited and members of the Mortgage and Finance Association of Australia. They are extremely professional and provide exceptional service across a range of lending options.

Why should I use a Mortgage Broker?

Mortgage Brokers are there to help you find the right loan whether it be from the major banks, smaller lenders or other sources. We have a broad range of products (more than any single lender can offer) which means we can do all the legwork to find the right loan for you.

What kind of interest rates can you offer?

We take look at a wide range of products available from Banks, Credit Unions & other lenders across the country. This means we can search thousands of products and make sure we're always recommending the best Home Loans for our clients.