First Home Buyer
First Home Buyer
Buying your first home is a big step and Direct Mortgages Wollongong is here to guide you through it. From understanding your borrowing power to securing the right loan, we make the process simple and stress-free. We’ll also help you explore any first home buyer incentives or government grants you may be eligible for, so you can make the most of what’s available. With access to over 40 lenders, Direct Mortgages Wollongong will find a loan that fits your needs, budget, and long-term goals, all at no cost to you.
First Home Buyer FAQs
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Your borrowing capacity depends on your income, expenses, debts, and credit history. We’ll help you work it out and get pre-approved.
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The FHOG is a government payment to help first-time buyers. Eligibility and amounts vary by state — we’ll help you check what you qualify for.
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Some states offer full or partial stamp duty exemptions for first home buyers. We’ll explain how it works in your location.
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Most lenders require at least a 5–10% deposit. A larger deposit can give you more options and help you avoid Lenders Mortgage Insurance (LMI).
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LMI is an insurance premium paid when your deposit is under 20%. It protects the lender, not you — but we can help you explore ways to avoid or reduce it.
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From saving your deposit to getting pre-approval, finding a property, and finalising your loan — we guide you every step of the way.
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Yes — under the First Home Super Saver Scheme (FHSSS), you may be able to withdraw voluntary super contributions to put toward your first home.
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It can vary, but pre-approval usually takes a few days. Full approval depends on the lender, your documents, and the property.
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Each option has pros and cons. We’ll explain what’s best based on your situation and future plans.
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We work for you — not the banks. We compare loans from over 40 lenders to find the right one for your needs, often negotiating better deals.
Watch & Learn: Expert Insights Made Simple
Explore easy-to-follow videos on home loans, property investment, and smart finance tips—designed to help you make confident decisions.