First Home Buyers
Buying your first home should be an amazing and life changing experience. However many people, without the right help, find it very stressful, confusing and overwhelming.
With Dial a Homeloan you can make it the most exciting time of your life – the way we think it should be!
So, lets look at some questions you may have:
What about a Deposit. Does it have to be proven savings?
There are a variety of options available, here’s a few ways of how to come up with your deposit.
- Save for your deposit yourself (traditional method)
- Use equity from another property as security (such as your parents house)
- Use a Family Pledge from direct family or relatives
- Have money gifted to you from family or friend
Look at a 100% or 105% loan if you do not have access to any of these. You may not need a deposit if you have a good income
First Home Buyer's Grant - General Information
The First Home Owner Grant (FHOG) scheme was introduced on 1 July 2000 to offset the effect of the GST on home ownership. It is a national scheme funded by the states and territories and administered under their own legislation. Under the scheme, a one-off grant of up to $7000 is payable to first home owners that satisfy all the eligibility criteria.
For more info visit
http://www.firsthome.gov.au/
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