Many first home buyers have saved money beside the
grant to obtain their dreamed house. Yet they may need a home loan at 80% LVR or
more. Most of the Stamp Duty are paid under grant. Other major expenses beside
the deposit would be towards Mortgage Insurance, Application Fee and Solicitors
Fee. A minimum of 5% savings and grant may help them to obtain loans.
Sydney mortgage loans recruit MFAA accredited mortgage
brokers who can help find Australian mortgage loans specially as first home
loan. They will guide you to fill applications and help you obtain your loan.
95% mortgage loans with genuine savings is a very high
demand product for first home buyers. Although interest rate is higher for
non-genuine savings mortgages they are popular too. 90% @ 1% interest lower than
major banks is the other best seller, Contact 0422505820 and obtain yours.
Buying your first home is hard when house prices are
increasing daily. It has become harder with no more 100% mortgages in the
market. 95% LVR loan normally expected to pay 2 - 3% of loan value as mortgage
insurance. It is lot of money from buyers pocket, just to protect lender from
his risk.
First home buy grant eligibility is the first thing you need to look at to see
what assistance you will get from State & Federal Government,
READ
.... Each state government may have additional funding
READ MORE from NSW.
Saving a deposit & paying for Application Fee, Stamp
Duty etc cost you a lot. Please find out more about cost of Australian home
loans from our EXPERTS, they help you with all this loan information
free of charge.
Our experts will help completing all the necessary
documentation and tell you all the other costs involved like stamp duty, legal
fees and bank charges and help you apply for the First Home Buyer’s Grant if you
are eligible.
When you first meet with our consultants it’s best to
bring
as much information
as you can. Then your Australian home loan broker will use his knowledge to
evaluate which loans are more suitable for you from the lenders on our panel.
They’ll look at things like monthly repayments, interest rates in Australia,
features like redraw facilities and how much you can borrow from each lender.
The whole process takes less than an hour or so. After
that your broker will complete all the necessary forms for loan approval by the
lender. You can get pre-approval from your lender so you’ll have the peace of
mind of knowing exactly how much you can borrow and current home loan rates.
If you wish to buy your first house after a few years,
you should check eligibility for the Government's new
First Home Saver Accounts scheme
which could help boost your savings for that home loan deposit.
Best home loan for you will have cheapest total cost,
fees and charges together.
