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First home buyers grant
was set up to help you buy your 1st house. These
grants help you pay stamp duty and other fees or
charges. You could use any surplus as the
initial deposit. Currently this help is
available only to owner occupier not investors.
Are you a steady income earner looking to buy first home,
some lenders may consider arranging you a no deposit mortgage loan. 100%
mortgages may exist with these lenders the way they complete your deal.
We have mortgages without genuine savings to 95% LVR. This
could be the one which is your answer. Clear credit full time employees can
apply for them.
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.
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 is 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 will look at things like monthly repayments, interest rates in Australia,
features like redraw facilities and how much you can borrow from each lender.
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.
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.
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