25 June 2016 Costs of buying your first home Home loan expert, Lisa Frazer looks at the real costs of buying your first home. Transcript: There are extra costs involved in buying a home that people might not factor in, when they first start thinking about it. You need to think about application fees, valuation fees, stamp duty on the loan, conveyancer fees, pest and building reports and mortgage stamp duty. And don't forget lenders mortgage insurance could be applicable to you. I think probably the one thing you need to remember, is find a lender that you can trust. Perhaps someone with local knowledge is really good, because they'd be able to work with you to find the best possible solution to your mortgage requirements.