We can help you with the following:
– How to secure the right finance
– What is the minimum deposit you can begin with
– Estimate what your maximum borrowing capacity is
– How much your repayments will be
– What stamp duty exemptions and first home grants you are qualified for
– Apply for conditional approval
– With a wide range of lenders to choose from, we always find a solution for first home buyers.
The Australian Government has introduced the First Home Super Saver (FHSS) scheme to help Australian save for their first home. From the 1st of July 2017, you can make voluntary concessional (before tax) and non-concessional (after tax) contributions into your super fund to save for your first home.
Buying a home has always been difficult for first home buyers but with COVID-19, getting a home loan is much harder. In the past, first home buyers face hurdles such as rising house prices, lack of deposit and strict lending policies. But in this pandemic times, buyers face more challenges and risks.
The First Home Loan Deposit Scheme aims to help up to 10,000 eligible first home buyers on low and middle incomes to get into the property market sooner by requiring only a 5% deposit. The government has agreed to guarantee the difference between the borrower’s 5% deposit and the standard 20% deposit required to take out a home loan without paying LMI.
With interest rates at an all-time low, and many lender’s fixed rates lower than their variable options, locking in an interest rate on your home loan to guard against possible future fluctuation may be attractive. However, it pays to know the ins and outs of fixed-rate loans before committing to one.
Your full financial situation will need to be reviewed prior to acceptance of any offer or product.
MBM Mortgage Pty Ltd trading as Maverick Finance | ABN 28 149 301 084 | Credit Representative 403019 is authorised under Credit License 389328
This website provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.