Should I pay LMI or save a 20% deposit?
Should I get into the market with a deposit lower than 20% or should I wait longer and save a full 20% deposit for my first home? Our FHBA Coaches are asked the above question by many aspiring first home…
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9 top questions about deposit bonds answered
So, you’re thinking of getting a deposit bond but have a few questions? You’re not alone. Deposit bonds are a mystery to most first home buyers. But knowledge is power, as they say. So, the more you know about deposit…
Is a home loan ‘pre-approval’ necessary?
When it comes to buying property, carefully considering all your circumstances and options and having to act fast when you need to can be quite a challenging task for first home buyers. It’s good to be realistic about what type…
August 2017: Featured home loans for first home buyers
Are you an aspiring first home buyer looking for your first home loan within the next 6 months? If this is you, then you may want to consider the current specials that are available right now, because when it comes…
Do I need to build a home to get the First Home Owners Grant? – Myth Busted!
Myth To receive the First Home Owners Grant (FHOG) you must build a house (or townhouse) on some vacant land, or purchase a new apartment off-the-plan. Disclaimer: Please note our website, including this article, is in no shape or form designed…
First home buyers guide to Deposit Bonds
Deposit bonds may be a mystery to many, but they could be the final piece of the puzzle when you’re buying your first home. Here’s what you need to know about deposit bonds. Disclaimer: Please note our website, including this guest article, is…
Do mortgage brokers compete with banks?
Buying a house is a big commitment. It requires careful planning, research, and consideration. Just as you wouldn’t buy your house without seeking advice from or dealing with a real estate agent, you should always seek professional help before selecting a…
Hotspot in focus: Adelaide Hills (SA)
Where is Adelaide Hills? The Adelaide Hills are part of the Ranges, east of Adelaide and in the state of South Australia. The largest town in Adelaide Hills is Mount Barker, which has a population of around 29,000 and is also one of…
How do ‘Construction Loans’ work?
When building a new home your finance needs are different to buying an established property or a completed brand new property. At FHBA, we understand that constructing a brand new home is a popular option for first home buyers looking…
Australian Mortgage Insurers
Unfortunately, Lenders Mortgage Insurance (LMI) and first home buyers are commonly mentioned in the same sentence. Paying LMI is one of the more popular ways first home buyers are able to achieve their ‘Great Australian Dream’ of home ownership. Whilst this…