With talk of a potential RBA interest rate cut hitting the wires there are more specials available to first home buyers looking to buy in 2019! Furthermore, lenders on the FHBA Mortgages panel have introduced some new policies which help…
Summer is already upon us in 2018, with Christmas only a few weeks away. On the 4th of December 2018, the RBA also decided to leave the cash rate on hold, which means rates have been on hold for the…
Spring is one of the busiest times of the year for the property market. Lenders have started the Season by featuring heavily in the news. A number of the lenders have decided to increase their interest rates, blaming rising funding…
The last month of Winter (i.e. August) has already arrived. With Winter coming to an end, Australian lenders continue to focus their attention on owner-occupiers, especially the first home buyers. This is great news for first home buyers as you…
How long do I need to be working before I can get my first home loan? This is a question we often get asked from many aspiring first home buyers who are looking to get into the market for the…
Many Australian lenders are not comfortable with lending to first home buyers, who aren’t Australian permanent residents or Citizens. For many lenders, it is too risky to lend to an applicant without permanent residency as they are concerned about a…
“I have checked my borrowing capacity using a calculator online and found that I can borrow $xxx,xxx – why is this not my actual borrowing capacity when I go speak to a broker/lender?”. At FHBA Mortgages a lot of our…
Should I clear my short-term debts (credit cards/personal loans) or save for my first home deposit? Our FHBA Coaches are asked the above question by many aspiring first home buyers who are unsure as to whether they should focus on paying…
Many aspiring & current first home buyers assume that lenders use the current standard variable rate they are offering when figuring out a buyer’s borrowing power. Unfortunately, this isn’t true. Instead, lenders use an assessment rate to work out how much…
With lending standards getting tougher by the day, aspiring first home buyers with low deposits are up against it when it comes to maximising their borrowing capacity for their first home loan. However, first home buyers can take matters into…