First Home Buyer

Buying your first home is a big step, and we Kare about making it easy for you. With expert guidance, we’ll walk you through every step—from pre-approval to securing the best loan—so you can buy with confidence.

At Kare Brokerage, we believe buying your first home should be an exciting and seamless experience. That’s why we take the time to get to know you—your goals, your needs, and your financial situation—so we can tailor the best mortgage solution for you.

We guide you through every step, from pre-approval to settlement, ensuring you feel confident and informed along the way. Home loans don’t have to be complicated—we break things down in a clear and simple way, making homeownership more accessible than you might think.

Here are some key topics we’ll cover to help you feel prepared and ready to take the next step with confidence.

BORROWING CAPACITY

At Kare Brokerage, we help you understand your borrowing power quickly and efficiently, so you can make informed decisions with confidence. Our fast turnaround times mean you won’t be left waiting—we streamline the pre-approval process and work closely with lenders to secure the best loan for you, without delays

GOVERNMENT REBATE AVAILABLE

First-home buyers in Australia may be eligible for government rebates and grants, such as the First Home Owner Grant and stamp duty concessions. We will simplify the process by guiding you through the available incentives, checking your eligibility, and ensuring you maximize the benefits.

FIX VS VARIABLE RATE LOAN

A fixed-rate loan offers stability with set repayments, protecting you from interest rate increases—ideal for predictable budgeting. A variable-rate loan fluctuates with the market, offering flexibility and potential savings when rates drop. The right choice depends on your financial goals and risk tolerance. At Kare Brokerage, we help you find the best loan structure for your needs.

THE IMPORTANCE OF PRE-APPROVAL

Getting pre-approved is a crucial first step in the home-buying process. It gives you a clear understanding of your borrowing power, strengthens your position with sellers, and helps avoid financing surprises later. At Kare Brokerage, we guide you through pre-approval, ensuring you have the confidence and certainty to make informed decisions when searching for your new home.

Most lenders require a deposit of at least 5-20% of the property price, but if it’s less than 20%, Lenders Mortgage Insurance (LMI) may apply. At Kare Brokerage, we help you navigate deposit requirements, explore ways to reduce or avoid LMI, and find loan options that best suit your financial situation—making homeownership more accessible.

DEPOSIT REQUIREMENTS & LENDERS MORTGAGE INSURANCE (LMI)

WE ALSO COVER

  • Offset Accounts & Redraw Facilities – How they work to reduce interest and give you financial flexibility.

  • Loan Repayment Strategies – Ways to pay off your mortgage faster and save on interest.

  • Guarantor Loans – How a family member can help you secure a loan with a smaller deposit.

  • Loan Features & Flexibility – Understanding extra repayments, fixed vs. split loans, and repayment pauses.

  • The Settlement Process – What happens after loan approval and how to prepare for settlement day.

  • Investment Property Equity – How to leverage existing home equity to grow your property portfolio.

  • Self-Employed Loans – Special requirements for business owners and freelancers when applying for a mortgage.