Important features for your first home loan
When you begin your search for a home loan there is a lot to take into consideration. It is not just as simple as just finding the cheapest home loan rate (although a low interest rate is one of the…
Tag First Home Loan
How to help your kids into their first home and save thousands on their mortgage
Etienne Rizzo, the Director of FHBA Services Community member Deposit Assure, explores how parents can help their children achieve the Great Australia Dream of home ownership. The article was originally written for parents, baby boomers & retirees. Disclaimer: Please note…
Average first home buyer loan size jumps as proportion of FHB’s stabilise
The housing finance data for June 2016 was released today (the 10th of August 2016) by the Australian Bureau of Statistics (ABS). The report showed that the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments…
Special Investigation: How banks maximise their profits (at your expense!)
FHBA Mortgage Broker Ray Simpson from Sydney provides an exclusive insight into how the banks maximise their profits at the expense of borrowers! Disclaimer: Please note our website, including this article, is in no shape or form designed to replace the…
How first home buyers are affected by rate changes
Last Tuesday the 2nd August the Reserve Bank of Australia (RBA) cut the official cash rate to a record low of 1.5%. Whilst the cut was widely expected my leading economists, many Australian’s are surprised by the new interest rates…
How to prepare for your first meeting with a Mortgage Broker
So you think you’re ready to get your first home loan and you’ve heard (perhaps from a friend or a family member) that you should talk to a mortgage broker about financing your first home loan? Well you have heard right. A mortgage…
Cash rate falls to new record low
Earlier this afternoon the Reserve Bank of Australia (RBA) board decided to cut the official cash rate to a record low 1.5%. The RBA noted in their press release that recent data showed inflation to be “quite low” and that “this is expected…
What steps do I need to take to buy my first home?
Once a first home buyer has saved a deposit and found a home they would like to put an offer in for, there are two common problems first timers face: What steps do I need to do to purchase a desired home successfully? Who…
FHBA partners with Mortgage Australia to launch an Australian first service
We are pleased to announce that today we are launching with Mortgage Australia (our latest partner) a new service dedicated to first home buyers across Australia. Recently, many of our blog readers (500 to be exact!) completed our national first…
First home buyer numbers hit fresh lows
The housing finance data for May 2016 was released yesterday by the Australian Bureau of Statistics (ABS). The report showed that the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell again (down to 13.9% in…