9 out of 10 first-home buyers use a broker

9 Out of 10 First Home Buyers Use a Broker – Here’s Why

Why Are First Home Buyers Turning to Mortgage Brokers?

Buying your first home is exciting—but it can also feel overwhelming. With rising property prices and complex lending rules, navigating the mortgage market alone is tough. That’s why 9 out of 10 first home buyers in Australia choose a mortgage broker to guide them through the process.

What Does a Mortgage Broker Actually Do?

A mortgage broker acts as your personal loan expert. They compare hundreds of loan products across multiple lenders to find the best deal for your situation. Here’s what they offer:

Access to More Options: Brokers work with dozens of lenders, not just one bank.
Tailored Advice: They match you with a loan that suits your income, deposit, and goals.
Negotiation Power: Brokers often secure better rates than you’d get on your own.
Time Savings: They handle paperwork and liaise with lenders so you don’t have to.

Why Is This So Important for First Home Buyers?

First home buyers face unique challenges—tight budgets, strict lending criteria, and limited experience. A broker helps you:

Understand your borrowing power
Access government grants and incentives
Avoid costly mistakes like choosing the wrong loan structure

Example:

One client saved over $15,000 in interest over five years by refinancing through a broker instead of sticking with their bank’s offer.

Are Mortgage Brokers Free?

In most cases, yes! Brokers are paid by the lender, not by you. That means you get expert advice without extra cost.

Ready to Start Your First Home Journey?

At CBM Mortgages, we specialise in helping first home buyers secure the right loan. We’ll guide you through every step—from pre-approval to settlement.

Call 02 8068 0534 to speak to the team today

9 out of 10 first-home buyers use a broker