First Home Buyers
We'll help you into your First Home
Stepping into the property market for the first time can be both thrilling and daunting. At Blue Lion Lending, we understand the blend of emotions and decisions involved when buying your first home. Our mission is to simplify the journey by offering a range of Home Finance & Mortgage Broking services, ensuring you get access to home loan options from banks and lenders across Australia. Whether you're concerned about interest rates or navigating the application process, we are here to support you every step of the way.
When buying your first home, it's essential to be aware of the various home loan options available. As a first home buyer, you might qualify for first home owner grants (FHOG), which can significantly aid your financial situation. Our expertise lies in accessing home loans not just from local but also nationwide lenders, allowing you to explore fixed and variable interest rate choices that best suit your circumstances. Understanding the interest rate is crucial, as it impacts your loan amount over time. Moreover, our team can assist in identifying potential interest rate discounts that can be beneficial in the long run.
Navigating through terms like lenders mortgage insurance (LMI) and stamp duty can be overwhelming, especially when applying for a home loan. When your loan to value ratio (LVR) is high, LMI might be a requirement to offset risk for lenders. However, we work diligently to present you with investment loan options that align with your needs and financial capacity. While applying for a home loan, having a clear picture of your borrowing capacity is vital. Equally important is maintaining a healthy credit history, as it influences your application and potential interest rates. We provide guidance on how to structure your bank statements and strengthen your investment loan application efforts, particularly if you are considering your first investment property.
The application process for a first home loan may seem complex, yet with Blue Lion Lending's streamlined approach, it doesn't have to be intimidating. We help you get pre-approved, offering you a clearer understanding of your home buying power. Our access to banks and lenders nationwide ensures a competitive edge. Moreover, tools like offset accounts can be advantageous in managing your loan effectively, potentially reducing the interest payable.
To summarise, buying your first home is a significant financial commitment, yet with the right guidance and resources, it can be a fulfilling venture. At Blue Lion Lending, we pride ourselves on providing comprehensive support and expert advice, simplifying complexities like variable and fixed interest rates and LMI. We invite you to reach out to our knowledgeable team to explore your options and streamline your path to homeownership. Contact us today to get pre-approved and turn your dream of owning a home into reality.
Step 1: Initial Meeting
Your property journey begins with an in-depth conversation with your Finance & Mortgage Broker. Whether you’re purchasing your first property, investing in real estate, or looking to refinance, your broker will take time to understand your property goals, financial situation, and any special conditions that may apply. This is when you'll discuss your borrowing capacity and explore loan options from a variety of banks and lenders across Australia. Your broker will also walk you through interest rates, LVR, and any possible LMI that may come into play.
Step 2: Financial Check
The next step involves your broker conducting a thorough evaluation of your financial position. This includes reviewing your income, bank statements, assets, liabilities, credit history, and savings. Your broker will then calculate your borrowing capacity, helping you understand how much you can afford to borrow and how much your monthly repayments might be. Your broker will also assess whether you qualify for any interest rate discounts or government schemes, like first-home buyer grants.
Step 3: Loan Selection
Based on your financial situation, your broker will research and present a list of loan options from a variety of lenders. These loans will be tailored to meet your needs and goals, whether you’re looking for a fixed interest rate loan, variable loan rates, or a more flexible loan that offers an offset account. Your broker will also explain the loan-to-value ratio (LVR) and help you weigh the pros and cons of each loan option, ensuring you’re making an informed decision.
Step 4: Pre-Approval
Getting pre-approved for a loan gives you a clear understanding of your budget and strengthens your negotiating position when bidding for a property. Your broker will help you through this process, ensuring all necessary documents, including tax returns, pay slips, and bank statements, are submitted to the lender. Pre-approval also gives you confidence to act quickly in the local property market and avoid the risk of missing out on your desired property.
Step 5: Application Submission
Once you’ve selected the right loan, your broker will manage the application process for you. They will submit your application to the lender and ensure that all required documents are provided. This may include additional paperwork such as proof of assets, liabilities, and other relevant financial information. Your broker will handle communication with the lender, addressing any questions they may have and ensuring a smooth, streamlined application process.
Step 6: Loan Approval & Settlement
After your loan is approved, your broker will assist in reviewing the final loan agreement, ensuring that all terms, including interest rate, fees, and repayment schedules, are understood. They will also help set up your repayment structure and help arrange any necessary insurance, such as home loan protection. Once settlement is confirmed, your property ownership is officially complete, and you’ll receive access to the property.
Step 7: 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.
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Lee was absolutely incredible to work with as a first-time home buyer. He was genuinely personable, endlessly patient, and made every step of the process feel easier and less overwhelming. He was always quick to respond, kept me updated, and made sure I was getting the best possible deal. I felt really supported the whole way through.
Digby Au
Couldn’t be happier with lee and blue lion. Me and my partner used him for our second mortgage. He answered all of our questions and just gave heaps of good advice throughout the whole process. Very helpful in navigating buying and selling a home. He also always answered my calls and texts and that really meant a lot to us. It was a very personal service. And when crunch day came and we needed a loan in 4 days he got it all sorted in 3. So thank lee. Very very happy!
Carley Latter
I had a really great experience with Blue Lion Lending. Lee was professional, efficient, and made the whole process so easy. He got everything done quickly and was always on top of things. I really appreciated how smooth and stress-free he made the experience — highly recommend!
Mariam Alm
Lee Pattison is known to us for over 10 years, and since then has helped arrange loans for our property purchases. He is very professional, and has always provided us with individual catered solutions. His communication has always been very prompt and his work is proves this, which has always been on point, along with great attention to detail. I will definitely be using his financial services and would highly recommend Lee to assist in all financial lending needs.
Nisha Gajaria
I've been working with Lee for many years, and he’s helped me with multiple property purchases as well as my SMSF lending. He’s knowledgeable, professional, and always makes the process easy to understand. What I really value is that Lee takes the time to understand my goals, gives advice that makes sense for my situation and helps me plan my finance and it structure towards long term objectives. Every time I’ve needed finance or reviewed my setup, he’s been across all the details and quick to respond. It’s rare to find someone in this industry who’s both experienced and genuinely cares about their clients’ outcomes. I trust Lee completely and have no hesitation recommending him to anyone looking for reliable, long-term support with their lending and financial plans.
Kiran Gajaria
I used Blue Lion ‘s services recently. and just want to say how grateful I am for Lee’s services. He gently and patiently took me through all the necessary steps in arranging my finances and connected me to all the right people. I’m now set up for the future and with great rates. Thanks Lee, I’d recommend you to anyone looking for a mortgage.
Lorraine Tankard
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.
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.
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.
At Blue Lion Lending, our 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.
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.
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.
Informed Finance Pty Ltd ABN: 65 646 587 957. Credit Representative #476865 is authorised under Australian Credit License #389328
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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