If you’ve spent late nights googling first home buyer questions, you’re in good company. Most buyers research for months before they ever speak with a lender or mortgage broker, and a lot of what they find online is either too technical or written to sell a product. This lesson answers the questions first home buyers […]
First Home Buyer Questions: Grants, Deposits And Borrowing Power Answered Read More »
By now, you’ve covered the fundamentals, first home buyer grants, government assistance, borrowing power, deposits, interest rates, affordability, Victorian incentives and the common mistakes buyers tend to make. The next step is applying all of it to your own circumstances. Two people earning the same income can have completely different borrowing power. Two buyers with
How To Build Your Own First Time Home Buyer Strategy Read More »
Victoria remains one of Australia’s most popular states for first home buyers, with a mix of government assistance, stamp duty concessions, growing regional centres and a wide spread of property options. Whether you’re looking at Melbourne, Geelong, Ballarat, Bendigo, Shepparton or somewhere else in the state, understanding what’s available can save you thousands of dollars
First Home Buyer Grants & Stamp Duty In Victoria Read More »
Saving a deposit and qualifying for a home loan are often the two biggest challenges first home buyers face. To help, federal, state and territory governments offer a range of grants, concessions and assistance schemes. These government grants for first time home buyers are designed to lower upfront costs, reduce deposit requirements, and make home
What Government Grants Can First Home Buyers Get? Read More »
One of the biggest mistakes first home buyers make is focusing entirely on how much they can borrow, rather than how much they can comfortably afford. These are not the same thing. A lender might approve you for a certain loan amount based on their own assessment. That doesn’t mean borrowing the maximum is the
How Much House Can You Actually Afford To Buy? Read More »
If you’ve ever stalled your home-buying plans because you thought you needed a 20% deposit, you’re not alone, and you’re also not stuck. Many first home buyers purchase property with far less than that. How much deposit you actually need depends on the property’s price, your borrowing power, the lender’s requirements, and whether you qualify
How Much Deposit Do You Need To Buy Your First Home? Read More »
If you’ve started looking at properties and asked yourself “what is my borrowing capacity?”, you’re not alone. Most first home buyers do it the other way around, they fall in love with a suburb, then find out the bank won’t lend them anywhere near enough. Your home loan borrowing power is the maximum amount a
How Much Can A First Time Home Buyer Borrow? Read More »
