Buying your first home is a big step. We help first-home buyers understand deposits, costs, borrowing power and loan options so each decision feels clearer.
Buying your first home is a major step, but you do not need to work it out alone. AAA Mortgage Solutions helps first home buyers across Adelaide understand their borrowing power, deposit options, repayments, government schemes, loan features, fees and the full home loan process.
We compare home loan options from multiple lenders and explain everything in simple language, including pre-approval, Lenders Mortgage Insurance, genuine savings, family guarantee loans and low-deposit home loan options. The goal is to help you feel confident before you start making offers or attending auctions.
If your deposit is still growing, compare low deposit home loans and family guarantee home loans before setting your price range. When you are ready to search, home loan pre approval can help establish a more realistic budget and identify lender conditions early.
We review your income, expenses, debts and savings to estimate your borrowing power and likely repayments.
We explain available grants, government schemes, low deposit options and family guarantee loans.
We compare suitable loans and manage your application so you can search with a clear budget.
We help you navigate the finance conditions and next steps once you find the right property.
We manage the lender requirements and keep you updated through to settlement and receiving the keys.
Real stories from people we helped make clearer, more confident loan decisions.
It depends on your income, expenses, existing debts, dependants, deposit, credit history and the lender's assessment rate. A borrowing-power estimate is useful for planning, but it is not loan approval.
Borrowing power depends on income, living expenses, existing debts, dependants, deposit or equity, loan purpose and the lender's assessment rules. A broker can calculate an initial range, but only a lender can issue formal approval.
Many buyers aim for a 20% deposit plus purchase costs because this can avoid LMI, but eligible borrowers may be able to buy with less. Your actual requirement depends on the lender, property, government support and source of funds.
Compare the rate, comparison rate, fees, repayment type, features and flexibility against your goals. A low rate is valuable, but so is a loan that supports extra repayments, offset savings or future changes without unnecessary cost.
Potentially. Some lenders allow a parent or close family member to provide a limited guarantee supported by equity in their property. The arrangement affects the guarantor's finances and property, so independent advice is important.
LMI is insurance that protects the lender if the borrower cannot repay the loan and a loss remains after the property is sold. It is commonly associated with higher loan-to-value ratios and does not protect the borrower.
Useful features may include an offset account, redraw, extra repayments, repayment flexibility, a split fixed/variable option and the ability to change products. Features can carry fees, so value them according to how you will actually use them.
Allow for the deposit, conveyancing or legal work, building and pest inspections, government charges, loan fees, insurance, moving costs and an emergency buffer. Eligible first-home-buyer relief may reduce some costs but should be confirmed before purchase.
The usual stages are fact-finding, document collection, option comparison, application, lender assessment, valuation, conditional or formal approval, document signing and settlement. Timing varies by lender and by the complexity of the application.
You can bid with pre-approval, but it does not guarantee final approval. Auction contracts are usually unconditional, so have the contract and property reviewed, confirm your bidding limit and understand the finance risk before bidding.
Start early, keep a savings buffer, reduce unnecessary debts, avoid new credit applications, set a firm property budget and get professional contract advice. Do not treat the maximum a lender may offer as the amount you must spend.
Yes, but lenders generally include compulsory student-loan repayments when assessing your available income. The balance and repayment impact may affect borrowing power differently across lenders.
Some lenders require part of the deposit to be held or accumulated as genuine savings over a set period. Other acceptable evidence or exceptions may apply, particularly for rent history, gifts, guarantees or eligible schemes.
Some lenders accept a genuine, non-repayable gift, often with a signed gift letter and evidence of the funds. If the money must be repaid, it is a debt and needs to be disclosed.
Possibilities include the Australian Government 5% Deposit Scheme, Help to Buy, the First Home Super Saver Scheme and South Australian first-home-buyer assistance. Each program has separate eligibility, property and application rules.
Yes. An early conversation can clarify a sensible price range, repayment comfort, deposit options and potential approval issues before emotion and deadlines enter the decision.
Common issues include insufficient income or deposit, high living expenses, existing debts, poor account conduct, undisclosed liabilities, credit problems, unsuitable property security or a change in circumstances after pre-approval.
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