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Mortgage Broker Perth
Buying your first home is one of the biggest financial decisions you will make, and for many first home buyers in Perth, the process can feel overwhelming. Property prices, lending rules and government policies change regularly, which makes it difficult to know where to start.
From a lender’s perspective, a first home buyer application is assessed on several key factors. These include income stability, employment type, existing liabilities, living expenses and credit history. Borrowing capacity is not just about how much you earn – it is about how consistent and sustainable your income is and how lenders view your overall financial position.
Many buyers assume they must save a 20% deposit before purchasing a home. While a larger deposit can reduce lender risk, it is not always a requirement. There are low deposit options available such as the 5% Deposit Scheme. Different lenders have different risk appetites, and loan structure can play a significant role in approval outcomes. Understanding these differences early can prevent unnecessary delays or disappointment later.
A mortgage broker helps first home buyers compare loan options across multiple lenders, explain how borrowing capacity is calculated and identify potential issues before an application is submitted. This preparation stage is often what separates smooth approvals from declined applications.
At LJ Mortgages & Finance, we work with first home buyers across Perth and Australia to provide clear, practical guidance. Our role is to help clients understand the lending landscape, prepare correctly and move forward with confidence. Get in touch today by clicking here.
Relevant Perth suburbs: Cottesloe, Peppermint Grove, Mosman Park, Dalkeith, Nedlands, Claremont, City Beach, Floreat, Swanbourne, Mount Claremont, Applecross, Ardross, Bicton, Attadale, East Fremantle, South Perth, Como, Manning, Salter Point, Waterford, Rossmoyne, Willetton, Booragoon, Mount Pleasant, Shelley, Iluka, Burns Beach, Scarborough, Trigg, Hillarys, Kinross, Joondalup, Currambine, Mindarie, Clarkson, Butler, Merriwa, Ridgewood, Jindalee, Alkimos.
