First Home Buyers
Saving for a home loan or mortgage isn’t glamorous but it has to be done. So here are some savings tips for first home buyers to help get you into the property market.
Purchasing a property with a loved one can be a great way to enter to the property market, but taking on such a large financial responsibility with someone else does come with risks. These are some of the pros and cons to consider before you both sign your names on the contract.
Since its introduction in July 2000, the First Home Owner Grant (FHOG) has seen its fair share of adjustments, from a value increase, to the exclusion of individuals buying established homes. We take a state-by-state look at how eligibility is determined and how a broker’s assistance can streamline your application process.
You’ve saved your deposit and you’re ready to start looking at properties, but have you considered all the details? Here are 10 questions to which you need answers.
With the help of her MFAA Approved Credit Adviser Lydia* was able to buy her first home hassle free. Purchasing her first home could have been a complex task for Lydia*, who spent most of the year out of town, leaving little time to search for properties.
The most important step you’ll need to undertake is to speak with an MFAA Approved Credit Adviser. Use the credit adviser search feature on the Essentials of Borrowing homepage to find an MFAA member in your area. After you’ve made an appointment make sure you listen to what they have to say, it may save you time and money.
If you don’t know a lot about the mortgage market you might decide to go with a basic home loan. But for many people this wouldn’t be the most appropriate option. Here we look at just some of the more common home loan & mortgage options.
Traditionally, you've needed at least 20% deposit to get a home loan. It's all about loan to value ratios (LVRs).
Choosing the person who will help you make one of the most important decisions in your life can be daunting. Here’s how to find your credit adviser.
Most people know that reducing their debts can increase their borrowing limit. But did you know that lowering your credit card limit can increase your borrowing capacity?
Saving for a home loan or mortgage isn't glamorous but it has to be done. So here are some savings tips for first home buyers to help get you into the property market.
If you think you’ve found a home loan that sounds almost too good to be true, unfortunately, it probably is. Here we look at some of the traps you should look to avoid in taking out a mortgage.
Don’t let poor credit stand in the way of achieving your goals. A family guarantee and the right advice can see you well on your way.
Buying a property carries more costs than just the purchase price, so don’t forget to account for these extras.
There are many paths to successfully financing a property purchase. Recently, an MFAA-accredited credit adviser helped a young couple, who had nearly given up hope, realize their dream.
Applying for a loan is a very big step, and it’s not always straightforward. To help make it simple, here is a handy list of the documents you are likely to need when you meet with your credit adviser.
If you can't save a deposit to get a mortgage or home loan, maybe your parents, a relative or friend can help with a gift, loan, or home loan guarantee.