First Home Owners
Buying your first home is exciting, but it can also be a little daunting. We are here to make it as easy for you as possible. Below are some steps that you will need to consider before purchasing your property. Your Loans Home / Loans Home Consultant can assist you with these steps.
- How much deposit will I need?
- How do I arrange the first home buyer incentives ?
- What are all the costs of buying?
- How much can I borrow?
- How much will my repayments be?
- How do I acquire a loan?
Click here to start your free loan comparison service and borrowing capacity check.
How much deposit will I need?
With a guarantee from family, a deposit may not be required for your first home. Without a guarantee, 3% of the purchase price is normally required. Today, some lenders do not require a savings history for the 3% - a gift may be acceptable for this deposit. Your Loans Home Consultant can calculate the exact amount you will need to purchase your first home.
How do I arrange the first home buyer incentives ?
Both the federal and state governments offer generous incentives to first home buyers. Loans Home Consultants can help you arrange the First Home Owner Grant and stamp duty concessions. Click here for more information for first home owner grants .
What are all the costs of buying?
The costs of buying and financing a home include the lenders application fees, possibly mortgage insurance if you are borrowing more than 80% of the property value, your own costs such as conveyancing and inspection costs as well as government duties such as stamp duty.
Visit the Stamp Duty Calculator .
How much can I borrow?
How much you can borrow depends on the amount of your deposit and your current income. With our comparison service, your Loans Home Consultant can calculate this quickly and easily. Please input details on our How Much Can I Borrow calculator to arrange your loan comparison service and an estimate on your borrowing power.
How much will my repayments be?
Once you have chosen your loan, your Loans Home Consultant will tell you how much your repayments will be.
Use our Loan Repayments Calculator to get an estimate.
How do I acquire a loan?
Eliminate the hassle of shopping around - your Home Loans / Loans Home Consultant will do the work and help you choose a loan solution that is right for you.
Click below to start your free loan comparison service and borrowing capacity check.
Looking for more information Click Here.