The Federal Labor Government’s Help to Buy scheme, set to launch this year, has been touted as a game-changer for aspiring first home buyers, with the Government proposing to provide an equity contribution of up to 40% of the purchase…
The First Home Guarantee (FHBG) is part of the Federal Government’s Home Guarantee Scheme (HGS), assisting aspiring first home buyers get into the market sooner with the minimum deposit of just 5% in every capital city (as well as major…
FHBA is pleased to announce that we have access to multiple lenders who have extended its Lenders Mortgage Insurance (LMI) waivers policy for professions that have not been eligible for the 10% deposit LMI Waiver prior. Registered Nurses & Midwives…
The WA Govt announced a $125 million package for the WA construction sector in June 2020. This scheme provides a $20,000 grant for those looking to build or buy a new home. The $20,000 grant announced by the WA government…
Earlier this month the Australian federal government announced a huge $688 million home builder package aimed at stimulating the construction and real estate sector. Whilst COVID-19 has resulted in a raft of social and economic issues for Australia, this package…
Recently many first home buyers have inquired about buying their first home through an interest-only loan due to cash flow issues. It is definitely possible but it does come with some risks. Interest-only loans are a type of home loan…
Many of FHBA’s first home buyer clients have some form of credit card or personal/car loan debt. One of the most frequently asked questions is which type of debt should be paid off first. WHAT IS THE DIFFERENCE? Credit cards…
There is a widely accepted myth in the world of home loans that you need to be employed for a certain number of months or years before you qualify your first home loan. ARE YOU ON PROBATION? If you have…
How low can interest rates really go in Australia? Since the RBA October 2019’s rate cut to a new record low of 0.75%, first home buyers can now find more home loans with advertised rates below 3% on a variable…
Buying your first home can be exciting but also overwhelming for first home buyers – after all, it is probably the biggest buying decision you will be making in your life, thus far. This is where FHBA comes in! We…