Top 5 First Home Buyer Tips Canberra

Buying your first home is an exhilarating milestone—but overwhelming too. Whether you’re looking for your dream home or a sound investment, the Canberra real estate market can be confusing to maneuver. At Taz Mortgage Solutions, your trusted mortgage broker Canberra, we’re here to make it simple and efficient.

1. Know Your Budget

Know What You Can Afford

Before home buying, you should know where you stand financially. A reliable home loan broker Canberra will explain your borrowing power based on your income, expenses, and deposit size.

Get Pre-Approval

Pre-approval gives you clarity around your spending limits and shows sellers you’re a serious buyer.

2. Consider First Home Buyer Incentives

Make the Most of Government Schemes
First home owners in Canberra can benefit from government support such as the First Home Owner Grant (FHOG) and stamp duty concessions. A skilled mortgage loan broker can guide you through eligibility and the application process to ensure you don’t miss out.

3. Shop Around for the Best Deal

Not all mortgages are the same. A seasoned mortgage broker Canberra will help you compare interest rates, fees, and loan features to find a product that fits your current lifestyle and future financial goals.

4. Factor in All Costs

Plan Beyond the Deposit
There are extra costs to consider—like stamp duty, building inspections, Lenders Mortgage Insurance (LMI), and legal fees. Speak with a knowledgeable home loan broker Canberra to avoid surprises and build a full financial plan.

5. Use a Trusted Broker

Get Expert Guidance

Buying your first home is easier when you have the right team. With a dependable mortgage loan broker like Taz Mortgage Solutions by your side, you’ll have step-by-step guidance from application to settlement.

Ready to make your first move on the property ladder?

Call Taz Mortgage Solutions—your local and professional mortgage broker Canberra—for personalised advice and expert home loan support today.

Fixed vs Variable Home Loans: Which One Fits You?

When buying a home, one of the most important decisions you’ll make is choosing between a fixed or variable interest rate. Both have pros and cons, and the right choice depends on your situation and goals. At Taz Mortgage Solutions, your reliable home loan broker Canberra, we’re here to help you make the right decision.

Understanding the Basics

What Is a Fixed Home Loan?
A fixed-rate loan locks your interest rate for a set period (typically 1–5 years), meaning your repayments stay consistent. This makes budgeting easier and offers peace of mind—especially for first-time buyers.

What Is a Variable Home Loan?
A variable-rate loan changes with the market. While your repayments can go up or down, you get the freedom to make extra payments and pay off your mortgage early—often without penalties.

Pros and Cons

Fixed Home Loan

         Pros:

• Predictable repayments

• Protection from rising interest rates

• Easier budgeting

  Cons:
  

• Limited flexibility

• Break costs if exiting early

• No benefit from rate decreases

Variable Home Loan
          Pros:

• Flexible repayment options

• Can benefit from interest rate cuts

• May include features like redraw and offset accounts
  
  Cons:

• Payments may increase

• Harder to budget

Which Option Suits You?

Consider Your Circumstances

• First home buyers in Canberra often prefer fixed loans for budgeting certainty.

• Investors or higher-income earners may lean towards variable options for flexibility.

Still unsure? A split loan (part fixed, part variable) could offer the best of both worlds.

Professional Mortgage Advice

Let an Expert Take You Through the Decision
Choosing between fixed and variable comes down to your plans and risk tolerance. A qualified mortgage loan broker can help you compare all options. At Taz Mortgage Solutions, your go-to mortgage broker Canberra, we tailor solutions that suit your lifestyle and financial goals.

you can also review our guide “The Ultimate Guide for First Home Buyers in Canberra: Loans, Grants & Smarter Decisions“.

Confused about home loan options?
Contact Taz Mortgage Solutions—your experienced home loan broker Canberra—for a free consultation and trusted mortgage guidance.