First Home Owners - Tips

News & Views - No Deposit Home Loans On Line

No Deposit Home Loans
No Deposit Home Loans allow you to purchase your own home or an investment property without having any genuine savings.

This type of home loan allows the First Home Buyers the opportunity to make there dreams come true in owning there own home.
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Loans First Home Buyer
We have access to over 30 residential Home Loan lenders and the great majority have approval from the appropriate Government Bodies to process the First Home Owners Grant.
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First Home Owners Grant
Although the First Home Owners Grant is provided by the Federal Government, States also provide additional funds and / or concessions.

It is important the you are aware of what you are entitle to and you can achieve that by talking to one of our consultants, your solicitor and even use our Stamp Duty Calculator to determine how much of a discount you are able to obtain on your first owner occupied property.
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Stamp Duty Calculator
Our Stamp Duty Calculator is a tool which our First home buyers can utilise as it provides an indication on whether you need to pay Duty to the State according to your purchase price.

Remember that each state offers different concessions to First Home buyers, and this calculator will provide you with an indication according to your individual need and requirements.
Feel free in using the Stamp Duty Calculator.

 

First Home Owners - Purchasing Tips

This area of the website touches on some key purchasing tips for first home owners and is designed to give you an indication of what to look for when purchasing a home and also some information on no deposit home loans as well.

Please feel free to browse through this information or simply contact us and have a chat to one of our home loan consultants who can also offer you some suggestions.

First Home Owner Tips

Do your research as a matter of priority, from the type of home to the right home loan Do your research as a matter of priority, from the type of home to the right home loan
Look at your lifestyle and try forecast what your home loan repayments will be and your ability to maintain a lifestyle your accustomed to Look at your lifestyle and try forecast what your home loan repayments will be and your ability to maintain a lifestyle your accustomed to
Where will you buy your home? Do you have children or planning to? This will help determine where you may purchase given the need to be within a reasonable distance to schooling Where will you buy your home? Do you have children or planning to? This will help determine where you may purchase given the need to be within a reasonable distance to schooling
Do you have a small deposit and can you save some money by selecting a 95% home loan with the deposit gap loan? Do you have a small deposit and can you save some money by selecting a 95% home loan with the deposit gap loan?
Is the property located within close enough proximity to your place of work? Is the property located within close enough proximity to your place of work?
If you take public transport to work then is the property located within close distance to the transport network you use? If you take public transport to work then is the property located within close distance to the transport network you use?
Investigate the cost of a conveyancing agent and obtain at least three quotes to get the best rate and save some money Investigate the cost of a conveyancing agent and obtain at least three quotes to get the best rate and save some money
Have you considered engaging the services of a real estate agent to assist in finding you the right home? Have you considered engaging the services of a real estate agent to assist in finding you the right home?
Always prepare for a home loan application by obtaining the necessary information that the lender will need (No Deposit Home Loans Online can provide you with a checklist) Always prepare for a home loan application by obtaining the necessary information that the lender will need (No Deposit Home Loans Online can provide you with a checklist)
Are there arterial roads which will cut down on travel time for you and the family unit? Are there arterial roads which will cut down on travel time for you and the family unit?
Investigate if there are any major works to be carried out which may positively or negatively impact your homes value Investigate if there are any major works to be carried out which may positively or negatively impact your homes value
Is the property you’re looking at large enough to cater for a potentially expanding family unit? Is the property you’re looking at large enough to cater for a potentially expanding family unit?
Once you have the costs laid out for your purchase always try to have some additional funds available in the event of unforseen costs Once you have the costs laid out for your purchase always try to have some additional funds available in the event of unforseen costs
Before you settle on your newly purchased property it is worthwhile in having mail redirection put in place to avoid late fees or overdue accounts Before you settle on your newly purchased property it is worthwhile in having mail redirection put in place to avoid late fees or overdue accounts
Always ask questions of our home loan consultants to ensure you’re across the process from beginning to end Always ask questions of our home loan consultants to ensure you’re across the process from beginning to end
Whenever you make an offer on a property always ensure you place a subject to finance clause in the contract for 30 days Whenever you make an offer on a property always ensure you place a subject to finance clause in the contract for 30 days
It is always advisable that you obtain a home loan pre-approval before you make an offer on a property, this can give you stronger negotiating power when making an offer as compared to another party who has no home loan finance approval It is always advisable that you obtain a home loan pre-approval before you make an offer on a property, this can give you stronger negotiating power when making an offer as compared to another party who has no home loan finance approval
Before your property settles you need to have an insurance policy which covers you, this is called a certificate of currency and the home loan provider will also need a copy of this Before your property settles you need to have an insurance policy which covers you, this is called a certificate of currency and the home loan provider will also need a copy of this
When it comes to the right home loan it’s not just a matter of choosing the best home loan interest rate. Have a look at the features of the home loan and whether or not they suit your needs When it comes to the right home loan it’s not just a matter of choosing the best home loan interest rate. Have a look at the features of the home loan and whether or not they suit your needs
A good suggestion is to engage the services of a professional building and pest inspector to ensure your property is up to standard and there are no nasty and often expensive repairs A good suggestion is to engage the services of a professional building and pest inspector to ensure your property is up to standard and there are no nasty and often expensive repairs
It is always suggested that you read through the important documents, specifically the contract of sale and your home loan documents. Although this can seem to be tedious you will be so much more informed and be confident in your decision to choose a type of home loan and property It is always suggested that you read through the important documents, specifically the contract of sale and your home loan documents. Although this can seem to be tedious you will be so much more informed and be confident in your decision to choose a type of home loan and property
If you are a first home owner then cross check to ensure you are eligible for the grant and any concessions which may come with that If you are a first home owner then cross check to ensure you are eligible for the grant and any concessions which may come with that

There is much to consider when purchasing a property and the above is a sample of what you should consider as buying a home and getting the right home loan is a large commitment. Our highly trained home loan consultants can help you by sourcing a variety of home loan options and also make suggestions as to the steps to take throughout the process.

So why not contact us and take the first step to buying your own home, we are always willing to help and can have a home loan consultant come out and see you at a time which is convenient.

 

Useful Sites as a point of reference:
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