Fri, 2008-03-28 16:01 — Guest
Most first home buyers in Australia are eligible for reductions in purchase stamp duty normally payable or other state government based first home buyer incentives when purchasing their first home to occupy.
NSW first home buyers should visit this page for the latest first home owners grant information.
There is also the opportunity of applying for the $7000 First Home Owner Grant from the Australian Commonwealth Government.
These two factors alone could assist you in getting a first home buyer loan with very little or even no deposit at all!
Contact a finance broker to find out more.
Many guides are available on the internet for first home buyers. 2006 and 2007 saw many extra first home buyers entering the market and purchasing their own homes with many new products entering the market aimed at assisting first home buyers purchase their first home.
Visit a residential property buying guide here or follow the links at the bottom of this page for more first home buyer information.
Information on First Home Owners Grant eligibility is available on this page.
A no deposit home loan has become much more available and the eligibility criteria required to obtain a no deposit home loan makes these finance products even more accessible than ever before for many home loan applicants. A finance broker can assess eligibility and show you the home loan products that may help to get you into your own home sooner than you ever thought possible.
Other options available such as a Limited Guarantor home loan are available and are designed for family members or even friends to help home purchasers with a limited guarantee that enables purchasing a home while reducing the risk or exposure that a guarantor is required to contribute compared to a normal full guarantor style loan. This option is also now available for investment property purchasers if required.
Most lenders have calculators on their websites that will provide a general guide as to what the repayments will be on different loan amounts and terms. A finance broker is able to assist you on a individual basis by assessing your specific situation. Contact us now for a no cost personal consultation.
A finance broker will be able to discuss your requirements and compare the options available to you. As a specialist, professional mortgage broker's will prepare and submit the loan application on your behalf and keep you informed as to the progress of your application at every step of the way, all at no extra cost to you.