Buying your first home is one of the biggest milestones in life. But for many Australians, the process of securing a home loan can feel overwhelming. From choosing the right loan type to understanding interest rates, there’s a lot to consider. At SevenStarFinance, we’re here to simplify the journey.
A home loan is money borrowed from a lender to purchase property. You then repay it over time with interest. Depending on your financial situation, you may choose between a fixed-rate or variable-rate home loan.
In Australia, first home buyers may qualify for benefits such as:
First Home Owner Grant (FHOG)
Stamp Duty Concessions
First Home Loan Deposit Scheme
These can help you reduce upfront costs and make home ownership more affordable.
Your borrowing power depends on income, expenses, credit history, and deposit amount. A good rule of thumb is to keep repayments at a manageable percentage of your monthly income.
Maintain a good credit score.
Save a larger deposit (at least 20% if possible).
Avoid unnecessary debts before applying.
Owning your first home in Australia doesn’t have to be stressful. With the right advice and support, you can make smart financial decisions. At SevenStarFinance, we help first home buyers every step of the way—from application to settlement.
At Seven Star Finance, we believe that financial support should be simple, transparent, and accessible to everyone.
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