SERVICES
First Home Buyers
Ready to take the property leap with
your first home?
Lets start your guided journey
We will help get your finance (including pre-approval if preferred) approved, but more than that, we help guide and educate you through the process.
Did you know – All states have a first home buyer scheme that includes cash grants, stamp duty concessions or both to help you out too!
How we will help First Home Buyers
What you need to know about making an offer
Guide you through the Contract of Sale
Applying for Government grants/concessions if applicable
Liaise with the real estate agent
Supply property data reports
Refer you to Settlement agents and building inspectors if required
We’d love to help you begin your finance journey!
Check out our loan calculators and resources page for more useful information.
Frequently Asked Questions.
Think of us as your personal shopper for loans. We have access to a wide range of lenders and products to tailor a loan to your individual circumstances and objectives.
Mortgage Brokers (including us) are generally paid commission (upfront and trail) by your lender of choice for processing your application.
Here at Empowered Finance we don’t charge our clients any fees for credit assistance with residential loans.
LVR stands for the loan-to-value ratio. This is represented the percentage you’re borrowing compared to the value of the house. For example, if your property is valued at $500,000 and you’re borrowing $400,000, you’re borrowing 80% of the property value, and therefore your LVR is 80%.
LMI is a once-off insurance premium payable when you have a deposit of less than 20%. LMI covers the lender if you were to default on the mortgage.
A security guarantor is someone, generally an immediate family member, who uses equity in their property to assist you to avoid paying LMI, whilst allowing you to get into a property sooner with a smaller deposit.
A guarantor can be released when your LVR is 80% or less. Options of lenders will vary too.
Also known as Transfer Duty, this is a state specific tax for purchasing property. This is a charge that needs to be paid at settlement.
First Home Buyers may be eligible for concessions on the amount payable.
Jump over to our Stamp Duty calculator to determine the amount liable in your state.
