First Home Buyers Guide
Tips and information to help you avoid costly mistakes as a First Home Buyers. Understand the home-ownership process thoroughly and make informed decisions confidently.
At Goodwill Finance, we don’t just provide loans; we provide education-based mortgage lending services. Our mission is to empower first-time buyers and property investors with the financial literacy they need to make informed decisions confidently. Unlike traditional lenders, we believe in education and empowerment as the cornerstones of responsible lending. This unique approach sets us apart, allowing our clients to see us as trusted brokers and partners committed to their financial well-being.
This guide is divided into following sections
- Preparation before Purchase
- Working with a Mortgage Broker
- Available Government Grants & Schemes
- Property Search & Selection
- Home Buying Process
Preparation before buying
These are just some of the documents required in order for your mortgage application to be processed. Find out what
A home loan pre-approval, is an agreement between you and a lender to provide you with funds for purchasing a
The Most Common Upfront Costs of Buying A Home The two most common upfront costs for a mortgage are Deposit
How Much Do You Need For A Home Loan Deposit? Generally, lenders require a deposit of at least 20% of
What is Borrowing Power? Borrowing power is essentially your financial capacity to get approved for a home loan. It signifies
Available government grants and schemes
Buying your first home is an exciting venture, but it often comes with substantial costs. One of the major expenses
What Is First Home Guarantee Scheme? The Australian government introduced the First Home Guarantee Scheme under Home Guarantee Schemes to
Working with Mortgage Broker
The right mortgage broker can save you time, money and stress. But the wrong one? That could mean hidden fees,
What is a Mortgage Broker? A mortgage broker acts as an agent between a customer and a bank when choosing
Homebuying Process
You’ve gone through the home buying journey and now you’re almost there—settlement day! But what exactly happens on settlement day,
A home loan pre-approval can give you a big head start when you’re ready to buy a home. It shows
