17%

34%

51%

68%

85%

100%

Easy first home loans - that's the emoney promise

Buying your first home is exciting, but it can also be stressful. Let emoney Home Loans take the stress and confusion out of your first home loan.

Where do you start, who should you go with and how can you be sure that you’ve found the best deal?

With over 25 years of expertise, emoney can guide you through an easy first home loan experience.

What you need to know about buying your first home

You know you need to put a deposit on your home, but do you know how much you need to save? Lenders typically require a 5% deposit and once you factor in upfront costs, this comes to about 8% of the purchase price. Common upfront costs include:
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Stamp
Duty

This government tax varies depending on property purchase price and state or territory.

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Establishment
Fees

Charged by your lender these typically include application, valuation and settlement fees.

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Conveyancer's
Fees

A conveyancer or solicitor will handle the transfer of the property into your name.

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Lender's Mortgage Insurance
Payable if you borrow more than 80% of the property’s purchase price.
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Building & Pest Inspections
Pre-purchase inspections will point out any defects before you buy the property.
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Building
Insurance

You need enough insurance to cover the repair or rebuilding of the property.

Additional resources for first home buyers

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Saving for a deposit

Do you know how much you need to save? lenders typically require a 5% deposit and once you factor in upfront costs, this comes to about 8%
Australian dollars

Upfront costs

In addition to saving your deposit, there are a number of upfront costs you will have to pay for. It’s important you factor these into your initial costs.

8 things you can do to get your home loan approved quicker

Without the right advice, applying for a home loan can be stressful and time-consuming.

How much can you borrow? Find out now

The journey to your dream home starts here
Pre-qualify in just minutes, book an appointment, or call 13 SAVE (7283)
and get started now

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