Home Loans

Home Loans

We’ll guide you through every step of your home loan journey and help you:

  • Get a good deal

  • Save time

  • Answer your questions

  • Make it easy

  • Understand your borrowing power

  • Be ready come settlement day

  • Be more informed

Let us be your first avenue to owning your own home.

Choosing an interest rate that’s right for you.

Fixed Rate

Fixed rates stay the same for a set period of time.

  • Usually fixed for 1-5 years
  • Predictable repayments & easier to budget
  • Break fees can apply if you refinance
  • Extra repayment limits
  • May not include offset account or redraw facility

Variable Rates

Rate you pay is not set in place and can fluctuate.

  • Pay less when interest rates fall & more when they rise
  • Flexibility to make extra repayments
  • Extra features such as redraw facility or offset account
  • No break fees – easier to refinance

Don’t risk having your loan rejected.

Benefit from our brokers’ 35+ years of collective finance industry experience. With a deep understanding of various lenders’ credit policies, we can anticipate and address potential issues in your loan application, ensuring a smoother process with any bank or lender.

  • Over 40% of loans never make it to settlement.
  • We know the banks inside out.
  • We won’t apply with a lender who won’t approve your loan.

FAQ on buying a home.

We can help you find which of the hundreds of home loans offered by our panel of lenders will best suit your needs.

The deposit required depends largely on the type of home loan and, of course, the lender you select. As a general rule, if you are an owner-occupier you will require 5-10% of the purchase price as a deposit. If you are an investor, you will ideally require 10% of the purchase price, although it’s possible to purchase with less

Both have their pros and cons. Variable loans offer flexibility and additional features such as a redraw facility (the ability to take out any extra money that you have put in), while fixed rate loans offer greater peace of mind for borrowers concerned about interest rate rises. First Avenue Wealth can help you weigh up your options and choose the right home loan for you.

Lenders Mortgage Insurance (LMI) is insurance that protects your lender if you’re ever in the situation where you’re no longer able to make your repayments. If you’re looking to buy a home and have less than a 20% deposit, you may be required to pay LMI. LMI is calculated as a percentage of the loan amount and your LMI will vary depending on your Loan to Value Ratio (the proportion of money you intend to borrow compared to the value of the property) as well as the amount of money you wish to borrow. Lenders Mortgage Insurance costs differ depending on the loan, lender and the LMI provider. Stamp duty and GST are both payable on Lenders Mortgage Insurance and these are generally included in the total quoted price for your LMI. Our expert mortgage brokers will explain and work with you through all of these costs so that you understand how LMI will impact your home loan.

There’s a lot to consider on top of a home loan, such as paying stamp duty, conveyancing fees and bank fees. Being prepared for these costs will make sure you don’t over-stretch yourself when buying your first home. The expert advice of your broker can be a huge help when it comes to planning for all the costs involved so that you don’t end up with any unpleasant surprises!

Discover the Art of Dance

Discover the Art of Dance

Visit us (by appt)

630 Mitcham Road
Mitcham, VIC 3132

Phone us

Monday – Friday: 8.30am to 4.30pm
03 9874 5511

Email us

[email protected]

Book a free loan review.

We can help you save money on your home loan.

03 9874 5511

630 Mitcham Road,
Mitcham, VIC 3132

[email protected]