The First Home Buyers Program

First Home Buyer Mistakes That Could Cost You Thousands (And How to Avoid Them)Buying your first home should feel exciting… not overwhelming, confusing, or financially risky. In this episode, I break down the most common first home buyer mistakes I’m seeing right now – from relying on the wrong advice to bidding at auction without finance in place (yes, that really happens 😅). If you’re planning to buy in 2026 (or sooner), this episode will help you avoid costly errors and move forward with clarity and confidence. 🚩 The Most Common First Home Buyer Mistakes 1️⃣ Only Talking to Your Bank Speaking to your bank isn’t wrong… but it can limit your options. Banks can only offer their own products. They won’t tell you about:Government schemes they don’t participate inLenders offering better pricingAlternative structures that suit your situationIn this episode, I share a real story of a client quoted tens of thousands in Lenders Mortgage Insurance (LMI) by her bank – when she may not have needed to pay it at all through another lender. Lesson: A good mortgage broker looks at the whole market, not just one slice of it. 2️⃣ Relying on AI Instead of Experts Yes… we’re talking about ChatGPT 👀 AI is helpful. I use it. You probably use it. But when it comes to finance strategy, government schemes, lending policy, or legal advice – it can get it wrong. AI “hallucinations” are real, and I’ve had clients come to me with completely incorrect information about:First Home Buyer schemesDeposit requirementsStamp dutyLoan structuresIf it’s a loan question → ask your broker.If it’s a legal question → ask your conveyancer. Experts exist for a reason. 3️⃣ Bidding at Auction Without Pre-Approval This one makes my broker heart race 😅 When the hammer falls at auction, you’ve bought the property. There’s no cooling-off period. I share a story about clients who successfully bid at auction… before we had formal pre-approval in place. Thankfully it worked out. But it could have gone very differently. Before bidding at auction, you must:Have pre-approvalUnderstand your finance positionSpeak to your conveyancerKnow the risksAuctions are not the place to “hope for the best.” 4️⃣ Borrowing Your Maximum Capacity Just because the bank says you can borrow it… doesn’t mean you should. One of the biggest first home buyer mistakes is shopping at your maximum borrowing capacity instead of focusing on comfortable repayments. When interest rates move (and they do), stress increases quickly if you’re stretched. Instead:Look at repayments firstDecide what feels comfortableBuild buffer into your lifestyleConsider options like fixing if certainty helps you sleep at nightYour goal isn’t just to buy a home.Your goal is to enjoy living in it. 💡 My Two Biggest Pieces of Advice If 2026 is your year to enter the property market: ✅ 1. Get Educated Early Join the First Home Buyers Program and learn the steps before you’re under pressure to sign a contract. 👉 Full First Home Buyers Program:Enroll Here:https://z9gpj4ioc4f1npbcb6x0.app.clientclub.net/courses/offers/6a9e25d2-5268-4d43-884d-4c233af23b5cThis program walks you through:Borrowing capacityGovernment schemesDepositsContractsPre-approvalsAuctionsSettlementSo you feel confident at every stage. ✅ 2. Focus on the Step in Front of You Don’t stress about settlement when you haven’t even spoken to a broker yet. Don’t stress about loan structure when you’re still saving your deposit. Property is a step-by-step journey. Incremental progress = long-term success. 🎧 Also Mentioned in This Episode I’ve launched a brand-new podcast with Bec Watson called Dollars & Distractions. If you want broader finance conversations (beyond just first home buying), go check it out and expand your financial confidence 💰 📢 Loved This Episode? If this episode helped you avoid costly first home buyer mistakes, please:Share it with a friendLeave a reviewSend it to someone who’s thinking about buying in 2026And if you're ready to take action…📅 Book a Fee-Free Meeting with the 360 Mortgage Solutions Team:https://360mortgagesolutions.com.au/contact-us/ Let’s make your first home journey strategic, confident, and stress-free.Meta Description (SEO Optimised) Avoid costly first home buyer mistakes with expert advice on borrowing capacity, auctions, government schemes, and working with the right mortgage broker.

Buying your first home can feel overwhelming — confusing advice, bank jargon, and fear of making the wrong decision often stop first home buyers from taking action. In this episode of The First Home Buyers Program Podcast, we break down the most common mistakes first home buyers make and explain how the right education and strategy can save you thousands (and a whole lot of stress). If you’re thinking about buying your first home now or in the future, this episode will help you feel clearer, calmer, and more confident about your next steps. 🏡 What You’ll Learn in This Episode: ✔ Why first home buyers often feel stuck and overwhelmed✔ The biggest mistake people make by going straight to a bank✔ The truth about deposits (and why you don’t always need 20%)✔ Common government grants and incentives first home buyers miss✔ How emotions can cost you money when choosing a property✔ Why your first home doesn’t need to be your forever home✔ How a structured first home buyers program puts you back in control 🎧 Who This Episode Is Perfect For:First home buyers who don’t know where to startRenters wondering if buying is actually possibleCouples saving for a deposit but unsure how much they needAnyone feeling overwhelmed by conflicting property advice🚀 Ready to Take the Next Step? If this episode helped you and you’re ready for clarity, support, and a step-by-step plan — here’s how you can get started: 👉 FREE First Home Buyer Mini CourseLearn the basics, understand your options, and stop guessing.🔗 Join here:https://maryanne-elliott.mykajabi.com/joinus?_gl=1%2Aqgg7th%2A_gcl_au%2AMTgyMjgxODA5NC4xNzM1Nzk3NDIx 👉 The Full First Home Buyers ProgramA complete roadmap from “Can I buy?” to “I’ve got the keys.”🔗 Enrol here:https://maryanne-elliott.mykajabi.com/the-first-home-buyers-sales-page?_gl=1%2A1a93lwq%2A_gcl_au%2AMTgyMjgxODA5NC4xNzM1Nzk3NDIx 👉 Book a Fee-Free Strategy SessionChat one-on-one with the 360 Mortgage Solutions team.🔗 Book here:https://360mortgagesolutions.com.au/contact-us/ 🎙️ Don’t Forget If you enjoyed this episode:⭐ Subscribe to the podcast⭐ Share it with a friend thinking about buying their first home⭐ Tune in for more episodes designed specifically for first home buyers

Just bought your first home and wondering if refinancing is worth it? In this episode, we break down what first home buyers need to know about refinancing in 2026. 🏡 Episode Summary: You’ve got your first home loan—amazing! But now you’re hearing about refinancing, interest rate changes, and equity… and wondering if you should be doing something with your mortgage. In this episode, I break down refinancing for first home buyers in simple terms—what it means, when it makes sense, and what you need to watch out for in 2026. Whether your fixed rate is ending soon or you’re just curious about your options, this episode will help you make informed, confident decisions about your home loan future. 🔍 What We Cover in This Episode:What refinancing actually means for first home buyersCommon myths (and truths) about refinancingSigns it might be time to look at a new loanWhat to be mindful of—like equity, timing, and feesWhy 2026 could be a smart time to refinanceHow to know if you’re getting a good deal💬 Quote of the Episode: “Your first home loan doesn’t have to be your forever loan.” ✅ Take the Next Step: 🎓 Want to learn more about home loans and refinancing?👉 Join our FREE First Home Buyer Mini Course 📲 Ready to review your current loan or explore refinancing options?👉 Book a fee-free meeting with 360 Mortgage Solutions 📢 Stay Connected: If you enjoyed this episode, don’t forget to subscribe, leave a review, and share it with a fellow first home buyer who might need to hear this!

In today’s episode, Maryanne shares three real-life stories from the last few weeks where clients were struggling with low borrowing capacity — and how strategic planning, smart restructuring, and thinking outside the box helped them move from “I don’t think I can buy yet” to “We’re officially homeowners!” If you’ve been told your borrowing capacity isn’t enough, this episode will help you see that you still have options — and that the dream might be closer than you think. ⭐ What You’ll Learn in This Episode: 1. How clearing debt can completely change borrowing capacity Maryanne walks through a recent scenario where a client had a decent deposit but high credit card and personal loan balances holding them back.You’ll hear:Why lenders heavily penalise debt in servicing calculationsHow using a portion of your deposit to clear debt can increase your borrowing capacityThe surprising before-and-after difference for this client2. How property share/co-buying helped two siblings get into the market sooner Buying alone wasn’t possible — but buying together was.In this story, Maryanne shares:How combining borrowing power opened up more optionsWhy co-buying can be a smart stepping stone to your long-term goalsHow the pair structured the loan and made the purchase work for both incomes and lifestyles3. How investing instead of buying to live in unlocked a realistic entry point Some clients can’t afford the suburb they want right now, but that doesn’t mean they can’t start building wealth.In this scenario, you’ll learn:How “rent where you want, buy where you can afford” changed everythingHow purchasing a more affordable investment property created a strategic entry into the marketThe longer-term plan we set up so they can upgrade into a home they love later💡 The Big Takeaway Low borrowing capacity doesn’t mean your dream is over — it simply means we need the right strategy. There’s almost always a path forward when you understand how lenders think and what levers can be pulled. 📌 Episode HighlightsThe ONE thing lenders care about most when calculating how much you can borrowWhy reducing debt can improve borrowing more than increasing your incomeWhen co-buying makes sense — and when it doesn’tWhy investing first is sometimes the smarter, faster moveThe mindset shift that helps buyers get into the market soonerReal results from real clients (no theory, no fluff)🎧 Listen Now This episode is perfect for:First home buyersSelf-employed buyersAnyone who’s been told “you can’t borrow enough right now”People feeling stuck or overwhelmed by lending rules🔗 Links & ResourcesBook an appointment with Maryanne: https://calendly.com/360mortgagesolutionsFollow along on Instagram & Facebook for tips🙌 If You Enjoyed This Episode… Please follow, subscribe, and leave a review — it helps more first home buyers find the guidance they need.

📄 Show Notes: Settlement day can be one of the most exciting—and nerve-wracking—parts of the home buying journey, especially for first home buyers who have no idea what to expect. In this episode, Marianne Elliott from 360 Mortgage Solutions breaks down what actually happens on settlement day, what you really need to do (spoiler alert: it’s less than you think), and how to avoid common mistakes that can cause unnecessary delays or stress. Whether you're days away from settlement or just starting your property journey, this episode is packed with helpful, real-world advice that will give you peace of mind and a clear plan of action. 💡 In this episode, you'll learn:What actually happens on settlement day.Why taking the day off work might not be necessary.The key tasks you must complete in the lead-up to settlement.What can delay settlement—and how to create a contingency plan.Pro tips for picking up your keys, moving in, and planning renovations.Real-life stories from first home buyers (and what you can learn from them).🛠️ Resources & Links:🏡 Full First Home Buyers Program – Take control of your journey from pre-approval to settlement:👉 Enroll Here💬 Book a Free, Fee-Free Chat with the 360 Mortgage Solutions team:👉 Book Here🙌 Connect with Marianne:Website: 360 Mortgage SolutionsInstagram: @360mortgagesolutionsFacebook: 360 Mortgage Solutions🔑 Primary Keyword: Settlement Day for First Home Buyers 📣 Call to Action: 💥 Loved this episode? Share it with a friend who’s buying their first home, and don’t forget to subscribe for more first home tips every week!

🎉 Settlement's done—congrats! Now what? In this video, I walk you through your post-settlement mortgage checklist so your loan is set up correctly from day one. We’ll cover how to check your repayments, structure your banking, and make sure your offset account is working for you—not against you. 🔍 Whether you're a first home buyer or refinancing, getting this part right will save you money, stress, and time. 📌 What You’ll Learn:✅ How to confirm your loan repayments are correct💸 Why your direct debit setup matters🏦 How to structure your bank accounts for easier budgeting🔄 Tips for using your offset account to reduce interest🚨 What red flags to watch for in the first few weeks post-settlement🔗 Helpful Links: 👉 Book a Fee-Free Meeting with 360 Mortgage Solutions: Book Here👉 First Home Buyer Mini Course (Free): Join Here👉 Full First Home Buyers Program: Enroll Here 💬 Want Help Reviewing Your Loan Setup? We offer personalised reviews to make sure your mortgage is optimised, your banking is structured, and you’re not losing money to simple setup mistakes. 📲 Contact us today or leave a comment with your questions! 📢 Don’t Forget to Like, Subscribe & Share! If this video helped you, hit like, subscribe, and share it with someone who just bought a home!

🏡 Episode Description Feeling like buying your first home is just too hard? You’re not alone.In this episode of The First Home Buyer Program Podcast, Maryanne Elliott, mortgage broker and educator, breaks down the biggest barrier most first-time buyers face — their mindset. Maryanne explains why the property market feels tougher than ever, what “choosing your hard” really means, and how you can start preparing right now even if you’re not ready to buy yet.You’ll learn practical steps to build confidence, save your deposit, and understand what lenders look for — so when the time comes, you’re fully prepared to step into the market.🧠 Key TakeawaysWhy mindset is the biggest challenge for first home buyers in 2025.The meaning behind “choose your hard” and how it applies to buying your first home.Smart ways to prepare before you’re ready to purchase — from saving a deposit to exploring rentvesting and co-buying.How education and preparation can help you buy sooner, with confidence and less stress.How The First Home Buyer Program can guide you step-by-step through the process.🔗 Resources & Links🎓 Join The First Home Buyer Program – Start learning what to expect, what lenders look for, and how to get your finances ready.📘 Free Mini Course – Get a taste of the program and start building your first home plan.📅 Book a chat with Maryanne: calendly.com/360mortgagesolutions💬 Connect with MaryanneInstagram | @360mortgagesolutionsFacebook | 360 Mortgage SolutionsWebsite | 360mortgagesolutions.com.au first home buyer Australia, how to buy your first home, mindset for first home buyers, saving for a deposit, preparing to buy a home, first home buyer tips, rentvesting, co-buying property, Maryanne Elliott mortgage broker, 360 Mortgage Solutions, The First Home Buyer Program.

Buying your first home has never been more challenging. With house prices climbing and supply tight, more First Home Buyers are turning to co-borrowing with their parents as a way to finally get into the market. In this episode of The First Home Buyers Program Podcast, I cover:Why families are choosing to co-borrowThe main benefits (borrowing power, shared costs, entering the market sooner)The drawbacks you need to watch out forPractical tips to make co-borrowing a success✨ If you’re considering co-borrowing as a First Home Buyer, let’s talk about the right structure for your situation. Book a chat with me via the link in the show notes: https://calendly.com/360mortgagesolutions

Episode Description:When it comes to choosing between a fixed or variable home loan, first home buyers in 2025 have a big decision to make. In this episode, I simplify the confusion and walk you through what you really need to know about fixed vs variable home loans in 2025. You’ll discover:The difference between fixed and variable home loansPros and cons of each option in 2025How to decide which suits your lifestyle and financial goalsWhy split loans could be a smart choice✨ Free resources to make your first home journey easier:👉 Join the Free First Home Buyer Mini Course👉 Enroll in the Full First Home Buyers Program👉 Book a Fee-Free Meeting with 360 Mortgage Solutions

In this episode, we dive into the hidden dangers of buy now pay later accounts. They may seem like an easy way to spread out payments, but the reality is they can trap you in a cycle of debt, reduce your savings power, and even limit your borrowing capacity when it comes to applying for a mortgage. If you’ve ever felt like your paycheck disappears before it arrives, this episode is for you. What You’ll Learn in This Episode:Why buy now pay later accounts aren’t as harmless as they seem.How they can reduce your home loan borrowing capacity.The psychology behind why so many people fall into the BNPL cycle.Simple, practical steps to get out of the cycle and take back control of your money.How speaking with a mortgage broker can put you on the right track toward financial freedom.Quick Tips to Break the Cycle✅ Audit all your BNPL accounts.✅ Pay them down one at a time.✅ Switch to debit or cash for everyday spending.✅ Build a savings buffer for emergencies.✅ Get expert guidance if you’re planning to apply for a loan. Resources and Links Mentioned in This Episode🏡 Book a Fee-Free Meeting with 360 Mortgage Solutions: Book Here🎓 First Home Buyer Mini Course: Join Here📘 Full First Home Buyers Program: Enroll HereFinal Thoughts Buy now pay later accounts might promise convenience, but they could be the reason you’re always living behind your paycheck—and the reason your dream home feels out of reach. Tune in now to learn how to break free from the cycle and set yourself up for long-term financial success.

📘 Episode Description (SEO Optimized): Big changes are coming to the First Home Guarantee Scheme from 1 October 2025 — and they’re set to reshape the playing field for first home buyers across Australia. In this episode of The First Home Buyers Program Podcast, we break down everything you need to know about the updated scheme — including unlimited places, the removal of income caps, and higher property price caps in every state and territory. Whether you’re about to buy or still saving your deposit, this episode will show you how to get ahead of the rush and take full advantage of the upcoming changes — before the market heats up. 🔍 In This Episode, You’ll Learn:What’s changing in the First Home Guarantee from 1 October 2025New property price caps for capital cities and regional areasWhy removing income caps opens the door to thousands more buyersWhat “unlimited places” really means — and how it affects demandWhy acting before October could put you ahead of the crowdHow to prepare now — and secure your spot before competition spikes🛠️ Useful Links & Resources:✅ Book a Fee-Free Meeting with 360 Mortgage Solutions🎓 Join the Free First Home Buyer Mini Course🚀 Explore the Full First Home Buyer Program📰 Read the Official Government Announcement📣 Subscribe & Share! If you found this helpful, please hit Subscribe, leave us a ⭐️⭐️⭐️⭐️⭐️ review, and share this episode with someone who's ready to buy their first home — or has been waiting for the right moment. 🔑 Primary Keyword: First Home Guarantee Scheme changes October 2025 📈 Secondary Keywords: First home buyer scheme update, unlimited places first home buyers, higher price caps first home guarantee, how to buy your first home 2025

Buying your first home isn’t just about securing a loan — it’s about navigating money and relationships as a team. In this episode, [Your Name] shares the top 3 money conversations for first home buyers that every couple should have before signing on the dotted line. You’ll discover:✅ Why understanding your partner’s money mindset builds trust.✅ How to align your shared goals to avoid future conflicts.✅ The importance of creating a joint financial game plan for success. Whether you’re saving for a deposit or already house-hunting, these conversations will set you up for a smoother and happier home-buying journey. 📌 Resources & Next Steps:Book your Fee-Free Meeting with 360 Mortgage Solutions → Book HereFirst Home Buyer Mini Course → Join HereFull First Home Buyers Program → Enroll Here💬 If you and your partner are ready to take the first step, start with these conversations — and let us help you make the numbers side easy.

The spring season in Brisbane South is one of the busiest times in the property market  with more homes for sale, more buyers at open homes, and more competition for the perfect property. In this episode of The First Home Buyers Program Podcast, Maryanne Elliott from 360 Mortgage Solutions shares three simple but powerful steps you can take now to prepare for the spring rush and give yourself the best chance of securing your dream home.You’ll learn:✅ How to work out your deposit or equity position before you start house hunting.✅ Why checking your eligibility for government grants and schemes could save you thousands.✅ The importance of having a fully assessed pre-approval to stand out in a competitive market.💡 August Special — Get The First Home Buyer Program for just $22 (lifetime access) using code SPRING25 at checkout:👉 Grab your course here 📅 Book a free chat with Maryanne or Tara to discuss your deposit, grants, or pre-approval:👉 Contact us here Follow 360 Mortgage Solutions for more tips:📸 Instagram: @360MortgageSolutions📘 Facebook: 360 Mortgage Solutions 

Episode Title: Feeling Left Behind? Here’s How to Catch Up (Even If You’re Starting from Scratch)Summary: If you're feeling like everyone else is ahead in the property game, you're not alone — and you're not too late. In this episode, Maryanne shares the five most practical ways to “catch up” as a first home buyer, without feeling overwhelmed or defeated. In This Episode You’ll Learn:Why "being behind" is just a mindset trapHow to assess where you're really at (without shame)What deposit you actually need (spoiler: it’s probably less than you think)Grants and support you might be eligible forHow small, consistent actions build real momentum🔗 Resources:Enrol in the $22 First Home Buyer ProgramCalendly Link to Book a Chat

🎧 Episode Summary: In this episode of the First Home Buyers Program Podcast, we’re breaking down one of the biggest wins for first home buyers in years. You’ll learn: ✅ Why the government’s 20% HECS indexation reduction could put thousands back in your pocket✅ How banks are changing the way they assess HECS debt, making it easier to qualify for a loan✅ What this means for your borrowing power and first home timeline✅ And how to take advantage of this moment with a huge discount on the First Home Buyers Program – now just $22 for a limited time 🎁 Limited-Time Offer – Just $22 (Normally $250) I’ve dropped the price of the full First Home Buyers Program to just $22 for one month only – exclusively for podcast listeners. This is the exact step-by-step course I created to walk you through: 💰 Saving your deposit🏠 Getting loan-ready📄 Making offers🔑 Navigating settlement💸 Saving thousands on your mortgage👉 Grab access here before it disappears:🎓 https://maryanne-elliott.mykajabi.com/offers/MGN9cHua/checkout🧠 Resources & Links✅ Enrol in the First Home Buyers Program – $22 for a limited time👉 https://maryanne-elliott.mykajabi.com/offers/MGN9cHua/checkout📩 Have questions? Reach out on Instagram: @maryanne.elliott💬 Leave a Review If this episode helped you, please consider leaving a quick review – it helps more people find the show and get the right support on their property journey. Thanks for listening, and remember: You’ve got this.

Podcast: The First Home Buyers ProgramHost: Maryanne ElliottEpisode Length: 5 minutes🔑 Episode Summary: Do you feel like everyone around you is buying homes… and you’re stuck wondering if you’ve missed your chance? You’re not alone—and you’re not behind. In this episode, Maryanne breaks down what to do right now to start your first home buying journey, even if you haven’t saved a cent yet. She shares practical tips, common mistakes to avoid, and the truth behind what most people get wrong when they delay getting advice. If you’re ready to stop feeling stuck and start making progress, this is the pep talk and plan you need.🧭 In this episode, you’ll learn:Why you’re not actually behind (even if it feels like it)What you can do today to start the home buying process—even with no depositHow comparing yourself to others slows you downThe #1 mistake most first home buyers makeMaryanne’s own first home story—and why she created this program for you💡 Links & Resources:👉 FREE Mini Course: The First Home Buyers Mini Course👉 The full Course: The First Home Buyers ProgramYour first step to understanding deposits, grants, and how to start your journey—without feeling overwhelmed.📲 Follow Maryanne on Instagram: @maryanne.360mortgages❤️ Loved this episode? Follow or subscribe to The First Home Buyers Program so you never miss a quick and practical episode. If this helped you, share it with a friend—or leave a review to help more first home buyers find us!

📄 Show Notes: In this episode, I sit down with Les from Resi Inspections to unpack everything you need to know about building and pest inspections—why they’re essential, what to look out for, and how they can save you thousands in the long run. If you’re in the process of buying a home (or even thinking about it), this is a must-listen. Les shares his industry knowledge, real-life stories, and expert tips to help you avoid hidden surprises after settlement.🏠 Here’s what we cover:What a building and pest inspection actually includesCommon issues that come up in reports (and what they mean)When to book your inspection during the buying processWhy skipping an inspection can be a costly mistakeHow to read and interpret an inspection reportWhat to do if issues are found before settlement🛠️ Les also shares some horror stories and practical advice for buyers who want to feel confident about the condition of their property before signing on the dotted line. 📌 Whether you're a first home buyer or seasoned investor, this episode will give you a better understanding of how to protect your biggest asset—your home. 🌐 For more info about Resi Inspections, visit: [insert Resi Inspections website if available] 💬 Have questions or suggestions for future episodes? Drop a comment or message us anytime. 🔔 Don’t forget to subscribe so you never miss an episode full of expert advice to guide you through your property journey.

📄 Show Notes: In this episode, we’re diving into the world of property valuations—why they matter, what types there are, and how they can directly impact your home loan approval. Whether you're buying your first home, refinancing, or investing, understanding valuations is a key part of the process. Many people are surprised to learn that not all valuations are the same—and the type your bank uses can affect your borrowing power, LVR, and even whether you'll need to pay lenders mortgage insurance (LMI). 🎙️ What we cover in this episode:Why valuations are a crucial part of the loan processThe 4 main types of bank valuations:Full ValuationDesktop ValuationKerbside ValuationAutomated Valuation (AVM)Which type of valuation your lender might use and whyHow valuation results can impact your loan outcome📌 Don't miss the next episode, where I’ll share practical tips on how to help ensure you get the best valuation possible. 💬 Got questions or a topic you'd love me to cover? Drop a comment or get in touch! 🌐 Learn more at www.360mortgagesolutions.com.au 📢 Subscribe so you never miss a future episode packed with insights to help you navigate the home loan process with confidence.

Description: In this eye-opening episode of The First Home Owners Program Podcast, host Maryanne Elliott reveals the often-overlooked costs of buying your first property. Learn why your deposit is just the beginning and how working with a mortgage broker can help you budget accurately for your entire home buying journey.Key Points:The major upfront costs beyond your deposit that first home buyers frequently underestimatePost-settlement expenses that can strain your budget if not properly planned forHow mortgage brokers provide comprehensive cost estimates tailored to your specific situationReal-life example of how proper cost planning prevented financial stress for first-time buyersQueensland-specific information on stamp duty and first home buyer concessionsResources Mentioned:First Home Buyers online course: [link to course]Free 15-minute strategy call: https://calendly.com/360mortgagesolutionsHome Buying Cost Calculator: [link to resource]First Home Owner Grant information: [link to resource]Connect with 360 Mortgage Solutions:Website: https://360mortgagesolutions.com.au/Phone: (07) 3520 8698Email: info@360mortgagesolutions.com.auInstagram: [Instagram handle]Facebook: [Facebook page]About Maryanne Elliott: Maryanne is the founder of 360 Mortgage Solutions and has worked in the finance industry since 2005. With experience as a bank teller, branch manager, portfolio manager, home lender, and trainer, she launched 360 Mortgage Solutions in late 2016 and The First Home Owners Program in late 2017 to help Australians navigate the complex journey to homeownership.Keywords: first home buyer, hidden property costs, stamp duty, lenders mortgage insurance, mortgage broker, home loan fees, property purchase expenses, Queensland first home buyer, settlement costs, building inspectionEpisode Transcript:INTRO: Welcome to The First Home Owners Program Podcast! I'm Maryanne Elliott from 360 Mortgage Solutions, and today we're pulling back the curtain on something that catches many first-time buyers by surprise – the hidden costs of buying a property. Those expenses beyond the deposit that can quickly add thousands to your budget. But don't worry – by the end of this episode, you'll know exactly what to expect and how a broker can help you navigate these financial surprises.SECTION 1: BEYOND THE DEPOSIT When most people think about buying their first home, they focus almost exclusively on saving for the deposit. And while that's certainly important, it's just the beginning of your financial commitment.Let's break down some of these hidden costs:First, there's stamp duty – a government tax that varies by state and property value. In Queensland, for a $500,000 property, this could be around $8,750, though first home buyers may qualify for concessions.Then there are loan application and establishment fees. Depending on your lender, these can range from $200 to over $1,000.Don't forget lenders mortgage insurance or LMI. If your deposit is less than 20%, you'll likely need to pay this, which can add thousands to your costs.Legal and conveyancing fees typically range from $800 to $2,000 for a standard property purchase.Building and pest inspections are essential and typically cost between $400 and $600 combined.SECTION 2: AFTER SETTLEMENT COSTS But wait – there's more! After you get the keys, you'll face:Moving costs, which can range from a few hundred dollars if you're doing it yourself to several thousand for professional movers.Council rates and body corporate fees if applicable.Home and contents insurance – a must-have that many first-time buyers underestimate.And don't forget about immediate repairs or renovations. That peeling wallpaper or outdated bathroom you planned to "fix later" might become an urgent priority once you move in.SECTION 3: THE BROKER ADVANTAGE This is where working with a mortgage broker becomes invaluable. At 360 Mortgage Solutions, we don't just help you find the right loan – we provide a comprehensive cost estimate tailored to your specific situation.As your broker, I'll:Create a detailed breakdown of all government charges specific to your property and situation.Calculate your exact stamp duty, including any first home buyer concessions you might be eligible for.Estimate all lender fees and charges, helping you compare the true cost of different loan options.Provide a settlement cost estimate that includes legal fees, adjustments, and transfer costs.Factor in post-settlement expenses like insurance and moving costs to give you a complete financial picture.The result? No nasty surprises and a clear understanding of exactly how much you need to budget beyond your deposit.SECTION 4: REAL CLIENT EXAMPLE Let me share a quick story about a couple I worked with recently. James and Emma had diligently saved a $50,000 deposit for their first home. They were looking at properties around $500,000 and thought they were ready to go.When we sat down for their initial consultation, I created a comprehensive cost estimate. They were shocked to discover they needed an additional $15,000 to cover all the associated costs! Rather than being discouraged, they were grateful to know this before falling in love with a property they couldn't afford.We adjusted their search criteria slightly, found them a lovely property that fit their true budget, and they moved in three months later – with no financial stress or unexpected bills.CONCLUSION: Understanding the full financial picture of buying a home isn't just about avoiding stress – it's about making informed decisions that set you up for long-term success. As a mortgage broker, providing these detailed cost estimates is one of the most valuable services I offer my clients.If you're starting your home buying journey, book a free 15-minute call with me, and let's make sure you're prepared for every cost along the way – not just the obvious ones.Until next time, this is Maryanne Elliott from The First Home Owners Program Podcast, helping you navigate the path to homeownership with confidence.

Overcoming First Home Buyer Fear: Your Guide to Taking the Property PlungeDescription: In this episode of The First Home Buyers Program, host Maryanne Elliott tackles the biggest obstacle preventing potential homeowners from entering the market – fear. Drawing on her 20+ years of experience in the finance industry, Maryanne provides practical strategies to overcome the anxiety of making your first property purchase.Key Points:The three most common fears first home buyers face and why they're holding you backThe hidden financial cost of waiting for the "perfect time" to enter the marketPractical strategies to build confidence in your home buying journeyReal success stories from clients who overcame property market anxietyHow to determine if you're actually closer to buying than you thinkResources Mentioned:First Home Buyers online course: [link to course]Free 15-minute strategy call: https://calendly.com/360mortgagesolutionsBudget assessment worksheet: [link to resource]Connect with 360 Mortgage Solutions:Website: https://360mortgagesolutions.com.au/Phone: (07) 3520 8698Email: info@360mortgagesolutions.com.auInstagram: [Instagram handle]Facebook: [Facebook page]About Maryanne Elliott: Maryanne is the founder of 360 Mortgage Solutions and has worked in the finance industry since 2005. With experience as a bank teller, branch manager, portfolio manager, home lender, and trainer, she launched The First Home Buyers Program in 2017 to help Australians navigate the complex journey to homeownership.Keywords: first home buyer, property market fear, mortgage anxiety, home loan approval, property investment, first property purchase, Australian housing market, mortgage broker, home buying tipsEpisode Transcript:INTRO: Welcome to The First Home Buyers Program! I'm Maryanne Elliott from 360 Mortgage Solutions, and today we're tackling something that stops so many potential homeowners in their tracks – fear. That paralyzing feeling that keeps you scrolling through property listings but never taking action. Let's break down these fears and get you moving toward homeownership.SECTION 1: NAMING THE FEARS The first step to conquering any fear is acknowledging it. For first home buyers, these typically fall into three categories:"What if I can't afford it?" This is the big one – the fear of overcommitting financially."What if property prices crash after I buy?" Nobody wants to make the biggest purchase of their life only to see its value drop."What if I'm rejected for a loan?" The fear of putting yourself out there only to hear "no" can be devastating.Sound familiar? You're not alone. In my 20 years in finance, I've seen these same fears hold back countless potential homeowners – people who are now happily living in their own homes.SECTION 2: THE COST OF FEAR Here's what many don't realize – fear itself has a cost. While you're waiting for the "perfect time" to enter the market:Rent payments continue to build someone else's wealth instead of your own. Property prices in many areas continue to rise, potentially outpacing your savings. You're missing out on years of potential capital growth and stability.I've seen clients wait years for the "perfect moment" only to find themselves priced out of neighborhoods they once could have afforded.SECTION 3: PRACTICAL FEAR-BUSTING STRATEGIES So how do we move past these fears? Let me share some practical strategies:First, get educated. Understanding the process removes the mystery. That's exactly why we created our First Home Buyers course – to demystify the journey.Second, start with a realistic budget assessment. Knowing exactly what you can afford puts you in control. This isn't about stretching to your absolute maximum, but finding a comfortable position.Third, consider a stepping stone approach. Your first home doesn't need to be your forever home. Sometimes a unit, townhouse, or home in a developing area can be your entry point.Finally, work with professionals who understand your situation. A good mortgage broker – and I might be biased here – can guide you through pre-approval, helping you understand your borrowing capacity before you fall in love with properties.SECTION 4: CLIENT SUCCESS STORY Let me share a quick story about Sarah and Michael. They came to me last year, convinced they were at least two years away from buying. They had decent savings but were paralyzed by fear of the unknown.After working through their finances, we discovered they were actually in a position to buy now – they just needed the right loan structure. Six weeks later, they had their keys. The fear they'd carried for years dissolved once they had clear information and a supportive team.CONCLUSION: Remember, fear thrives in uncertainty. The antidote is information, preparation, and support. If you're feeling stuck, reach out for a 15-minute strategy call. Sometimes that first conversation is all it takes to transform fear into excitement.Until next time, this is Maryanne Elliott from The First Home Buyers Program, helping you turn your homeownership dreams into reality.