First home buyers
Know where you stand before you start looking.
A clear borrowing position makes the first purchase easier to plan. Understand the deposit, purchase costs, lender requirements and steps between pre-approval and settlement.
Credit assistance is provided by Fouracre Financial under its own authorisation and terms. Lending is subject to lender approval.
When it’s worth a conversation.
- You’re saving a deposit and want a realistic plan.
- You’re ready to explore pre-approval.
- You want help understanding the finance side of buying.
Look at the whole picture.
Pre-approval is conditional. The property, valuation and your circumstances still need to meet the lender’s requirements. Grants and concessions depend on eligibility.
Prepare for more than the deposit.
The purchase budget includes more than the price of the home. Conveyancing, inspections, government charges, loan costs and a reserve for moving and maintenance can affect how much cash remains available. Grants and concessions depend on eligibility and location.
Pre-approval can help you understand a potential borrowing range, but it comes with conditions. A lender may still need to approve the property and valuation, and reassess any changes in employment, income or debt. Discuss the finance conditions of a contract with your broker and conveyancer before committing.
Questions to take into the conversation
- What cash will I need in addition to my deposit?
- Which pre-approval conditions remain outstanding?
- What should I confirm before signing a contract?
Useful things to bring.
- Your deposit and savings history
- Income, employment and regular commitments
- A budget for purchase costs and ongoing repayments
What happens next.
Fouracre can explain suitable lending options, what information is needed and how an application progresses.
InvestorKit Finance is not a credit provider or mortgage broker. Credit assistance is provided by Fouracre Financial under its own authorisation and terms. Your lender decides whether to approve an application. Other referral partners may be introduced where appropriate.
Your next step
Let’s start with your plans.
Book a conversation with InvestorKit. We’ll help you connect with Fouracre Financial when you’re ready.