Welcome to the Mortgage people, gold coast mortgage brokers.
We are here to help you buy first home. Wow, what an exciting time. It can of course, also be a time of uncertainty, confusion on what you need to do to prepare? how much can you borrow? what benefits are available to me as a first home buyer?
Do not worry, we are here to help!
How much can you borrow?
We can work this out for you! There are many loans, many lenders & different lenders will approve differing amounts.
Thats why you’re in the right place. We’ll get to know you, understand your goals and navigate the complexity of products and lenders to help you find the right product to enable you to buy your first home!
Can’t my bank do this for me?
Maybe, but not necessarily. One bank offers a handful of products. We however, have the whole market, with a comprehensive range of lenders and products, way beyond the reach of one bank. Far too often, we hear stories of the clients of banks not being looked after.
Far too often you are treated as a number, not a human being. We treat you like family and take care of you today, tomorrow and long into the future.
We work for you. We put you first!
Why choose a broker?
We have access to the whole Home Loan market, meaning we can find you the best home loan rates & Best Home Loan Product. Not only that, but we get to know you, we listen intently to what’s important to you, then we tailor your loan to your unique circumstances.
We negotiate hard with the selected lender, compare and contrast the deals offered, and work as hard as we can to deliver the Best Home Loan Rates.
We have more than 20 years’ experience in Lending.
How many lenders do the Mortgage People Deal with?
Too many to list. We have lenders to suit all client types. If by some chance, we are not in a position to help, we will provide clarity on why that is, and help formulate a plan to help you achieve your goal.
What is the process?
If you leave your details on the contact form, we will contact you as a matter of urgency.
We will explain clearly the process, we can meet you face to face, on the phone, on video, & importantly at a time that is convenient for you.
We make the process as simple & Smooth as possible.
We do as much of the hard work as possible.
Why should you choose the Mortgage People?
We work for you, not the banks.
We have access to the whole market, meaning we can find a loan that works for you.
We have more than 20 years lending experience.
We set you up with the best home loan interest rates & we stay on top of your rates to ensure you stay on the best product, today, tomorrow and long into the future.
We are confident in our skills and passionate about lending, which means we deliver exceptional customer service & help you achieve your goals to help you build your wealth long into the future.
We are local to the Gold Coast, covering Mermaid Waters, Mermaid Beach, Broadbeach, Broadbeach Waters, Burleigh Heads, Burleigh Waters, Robina, the Gold Coast, Brisbane & beyond!
We can meet you face to face, on the phone, on video at a time that works for you.
We are transparent, we communicate clearly, we do what we say we will do.
We work with your Real estate agent, conveyancer & accountant to make things easy for you.
What next?
Please leave your contact details on the form to the left, or contact below, & we will contact you and get the ball rolling, working tirelessly to help you achieve your goals.
What are the First Home Buyer schemes?
Well we’re please to inform you, there are a few excellent government incentives available to First Home Buyers. There are different schemes for each state and then there is one particular scheme that is national. With different schemes for different states, it can be confusing. We can help you with each scheme in each state. But for this page we’ll focus our information on Queensland.
Let’s work our way through them:
The first home owner grant:
This provides eligible first-time home buyers $15,000 or $30,000 towards buying or building a new home in Queensland.
What is it? (We hear you say!)
This is a grant funded by the QLD Government treasury Dept. Grant,
The gist of the grant is as follows: For buying or building a new home, the grant amount is: $30,000 for contracts signed between 20 November 2023 and 30 June 2025 (both dates inclusive) $15,000 for contracts signed before 20 November 2023.
For more info you can head to QLD gov website or of course ask us
So this is a great opportunity for those who seek to buy or build a brand new home.
Stamp Duty Concession
What is this?
Stamp duty is a tax that the state governments charge on large purchases. Buy a new car? Pay stamp duty. Buy a New Home? Pay stamp duty.
Unless you’re a first home buyer, in which case the QLD state gov (and others) waive your stamp duty up to the property value of $700,000, and then at a reduced amount up to $800,000! This is an excellent benefit.
For a non-first home buyer it would cost $17,350 in stamp duty to purchase a new home for $700,000. This is $17,350 that you save!!
More details of this benefit can be found on the QLD office of state revenue site or you can ask us below via our “first home buyer help” button.
First Home Guarantee
What is this?
You may have heard the goal for first home buyers is to save 20% of the property value plus costs to buy your first home. If you don’t save this, you would have to pay Lenders Mortgage Insurance.
What is Lenders Mortgage Insurance (LMI)? LMI is an insurance that customers pay but covers the bank. It can be costly - think $000’s.
Ordinarily, if your deposit is less than 20% of the value of the property you’re buying, then you would pay for the LMI.
The government decided to help first home buyers, by providing a guarantee to cover the difference between your deposit and 20%.
We can explain to you what a guarantee is, and how this can work for you to get you on the property ladder sooner.
You still need to save a minimum of 5% deposit to qualify and there are some other rules around this, which we can explain for you, or you can read further here