Buying My First Home Archives

Aug 26

First home buyer profile

By afg_admin Buying My First Home, News

Caitlin and Joel Loan amount: $670,000. Monthly repayments: $2700. Grants accessed: First homeowner $15,000 and 2020 HomeBuilder $25,000. Deposit: 15 per cent plus 5 per cent guarantor finance to reach the 20 per cent threshold required to avoid paying Lender's Mortgage Insurance (LMI). While 2020 was the year many…

Jul 04

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Expanded Home Guarantee Scheme launches

By PeterFarrell Buying My First Home, Investing In Property, News

From 1 July, 40,000 new places under the federal government’s Home Guarantee Scheme have become available to help Australians buy their own home. More places have become available under the expanded Home Guarantee Scheme. The scheme currently comprises the First Home Guarantee (FHBG) - previously known as the First Home…

Apr 05

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What Comes First: The property or the loan?

By PeterFarrell Buying My First Home, Finance Help, Investing In Property

Looking for a property to purchase is an exciting time and it’s easy to get carried away with the fun part of buying a property. But delaying the task of arranging finance will only weaken your negotiating position and lessen your chances for success. So, get your finance pre-approved before…

Feb 16

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Going for broker

By afg_admin Buying My First Home, Finance Help, News

In a year when just about every real estate record was broken, home buyers turned to mortgage brokers in droves. More than two-thirds - a record 66.9 per cent - of residential mortgages were written by brokers in 2021.1 That's a leap of 6.8 per cent on the year before…

Nov 24

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Finding your First Home

By PeterFarrell Buying My First Home, News

When it comes to the type of property, size and location of the home you wish to buy, many first time buyers find they have to compromise in some way. So, before you start looking it’s important to consider the following: Type of Property A free-standing home in an established,…

Nov 24

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Start Saving for your Deposit

By PeterFarrell Buying My First Home, News

Start Saving for a Deposit on Your First Home Most lenders require a deposit of at least 10-20% of the total loan amount. So, it’s important to start saving for your deposit on your first home, sooner, rather than later. Below are some great ideas to get you going. Begin…

Aug 19

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Pitching in without falling out

By afg_admin Buying My First Home, Finance Help, News

Lenders are helping parents boost their children's buying power without putting their house or relationships on the line. Despite a patchy customer service history, the Bank of Mum and Dad is soaring to new heights as the property market booms. And no wonder - conditions are perfect to drive inter-generational…

Jan 22

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Brokers set new standards

By PeterFarrell Buying My First Home, Finance Help, Investing In Property, News

Low interest rates and Best Interest Duties will boost borrower confidence in 2021. A year ago, it seemed the only direction interest rates were headed was up. But one of the few upsides to the upheaval of 2020 - for borrowers, at least - has been watching the cash rate…

Jun 09

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Western Australian Government Building Bonus Grant

By PeterFarrell Buying My First Home, Finance Help, Investing In Property, News

The State Government of WA offers $20,000 to home builders If you are building a new home then it just got a lot cheaper. The latest Building Bonus scheme is offering new home builders a grant of $20,000. It will be available to any home buyer who wants to build…

Jun 08

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Apply for a new home construction grant in WA

By user12QQ858C Buying My First Home, Finance Help, Investing In Property

Building Bonus Package grants are available for people who enter into a contract to build a new home on vacant land or purchase a new home being constructed under a single-tier strata plan. Two grants are available to promote investment in the WA residential market and stimulate jobs in the construction industry. A…

Buying My First Home

First home buyer profile

Expanded Home Guarantee Scheme launches

What Comes First: The property or the loan?

Going for broker

Finding your First Home

Start Saving for your Deposit

Pitching in without falling out

Brokers set new standards

Western Australian Government Building Bonus Grant

Apply for a new home construction grant in WA

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