Home    FirstHomeBuyer    Refinance    Investment    FAQ    ContactUs    Testimonials    PrivacyStatement

FIRST HOME BUYER

We realize that buying a home is one of the most important decisions, you will ever make in your life. First home buyers often find the process quite confusing and overwhelming, so we will guide you every step of the way, and explain the process in detail.

 

Here you will find a range of choices/options, proper advice to help you get into your new dream home. We will assist you in determining your exact needs and explain to you the options and loan estimates which suits you the best.

 

We offer a competitive home loan for first home buyers, who are self employed, low deposit etc.

 

 

1. How much can I borrow

 

    The first thing, which you should have clear in your mind is what amount you could afford to borrow. You should have a proper knowledge what are your current income and expenditure. Most lenders will asses yours borrowing capacity based on your income and commitment.

 

2. Deposit Amount

 

    Most lenders require a minimum of 5% deposit, of the purchase price. However there are lenders who can give you 100% loans. If you have bigger deposit it will help you to save lot of interest in the long run.

 

 

3. Savings history

 

    Most lenders require you to produce your bank statement as a proof of your saving pattern. You will be asked for last  6 months bank statement to show that you have saved up at least 5% of deposit amount of the property.

 

4. Different home loans

 

     World is moving through a fast phase, and the competitive market is also showing changing trends day by day. Finding the right loan can be a complicated, drawn out process. So to guide you and make the work easy, we familiarize you with what’s available. And it accounts your goals and financial circumstances.

 

5. First New home owners grant

 

     If you are buying the home for the first time, then you are eligible for the FEDERAL GOVERNMENT new home owner’s grant. This tax free amount can be used to help fund your extra expenses.

 

6. Stamp duty

 

   It is the state government tax based on the property selling price.  A first home buyer in some states would be entitled to get low reduction in stamp duty cost.

 

7. Extra costs

 

    There are a number of small extra expenses, which you need to keep in mind while purchasing a new home. The small expenses which you will come across would be inspection, solicitor fees, building, home and insurance, pest inspection, moving expenses etc.

 

 

BENEFITS OF USING OUR SERVICES

 

We have great depth of knowledge, to a wider range of loans

 

We do all the leg of work for you

 

We are more flexible

 

We have years of experience in finding the right loan to meet you specific needs