Minimum employment period for casual jobs
How long do I need to be employed in a casual role for my income to be considered for my first home loan? At FHBA, we get asked this question a lot. A lot of aspiring first home buyers are…
Tag FHBA Mortgages
Best first home buyer loan offers in April 2024
With talk of a potential RBA interest rate cut later in 2024 hitting the wires there are more specials available to first home buyers looking to buy this year! Furthermore, lenders on the FHBA Mortgages panel have introduced some new…
Queensland FHOG Update 2024
In November 2023, the Palaszcuk Government along with the Minister for Housing, Meaghan Scanlon, announced that they are fighting the cost-of-living crisis by backing first home buyers. As part of their new policy, eligible first home buyers can now receive…
Interest rates remain steady in February 2024 RBA Meeting
On Tuesday the 06th of February, the Reserve Bank of Australia (RBA) decided to maintain the interest rates at 4.35% following a period of slower inflation toward the end of 2023. Many experts are predicting that we have already hit…
FHBA launches brand new website with exciting new & updated tools!
First Home Buyers Australia (FHBA) are pleased to announce that we have redesigned our website and created some more exciting features, helping first home buyers achieve the Great Australian Dream of home ownership. We have listened to our readers and…
Rentvesting : Minimum Deposit Required
Whilst the housing affordability crisis has eased over the past few years, it still remains an issue across many of Australia’s larger cities, this has resulted in some first home buyers to buy their first home as an investment property…
Great Australian Dream reignited with announcement of Federal Government Grant
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…
Interest only loans for first home buyers
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…
Personal loans or credit cards? What to pay off first
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…
I have a new job, Can I get a home loan?
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…