Starting My First Job

First, we would like to congratulate you on your new job! This is an incredibly challenging time in all the right ways. Challenge can be stimulating and exciting and lead to personal and professional advancement and fulfilment. It's only natural one of your first thoughts should be fulfilling a dream we hold dear in this country - owning your own home.

At Classic Home Loans we believe securing home loans should be one area with as few challenges as possible.

Thinking about getting into the real estate market?

Earning a regular income for the first time can be great - and everyone deserves a few indulgences - but don't get side tracked too far if your goal is to be a first time home owner. It's time to start thinking about your financial future, and to either buy your first home or build your first home could be the key to creating wealth for life.

Normally, if loan repayment income is coming from your job, lenders require you to have at least a 2-year job/school history.  Any gaps of over 30 days will need to be explained.  If you have just started your job and there is any probationary period for performance, the income cannot be counted until you have completed the probationary period and you are a full fledged employee. 

We have a range of first home buyer loan options that offer fixed rates and long terms up to 30-years.

Even if you're still living at home, you can start with an investment property - to buy a small house is often a good, affordable first step into a high-priced market, and will usually come with loan repayments that you can manage on a first income.

Whatever your choice, we can help you work through the different types of home loans, and to establish your best first mortgage financial options, simply and efficiently.