Many first-home buyers rule themselves out before they’ve even spoken to a bank or mortgage adviser. But assumptions about deposits, affordability and whether it’s the “right time” to buy can sometimes hold people back more than the lending process itself.
For anyone starting to think seriously about buying, it helps to know what options may be available. Some buyers may not need a 20% deposit, and a mortgage adviser can help explain what different lenders might be willing to consider.
Understanding the basics early can make the process feel less intimidating and help first-home buyers take a more informed first step, even if they’re not ready to buy just yet.
