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First home buyer loans
Taking the leap to buy your first home is a monumental milestone filled with both exhilaration and anxiety. It's a life-changing financial decision, and having a trusted partner to navigate the complexities can make all the difference.
For first home buyers, securing finance to take that first step onto the property ladder is often more difficult than it is for seasoned buyers. Not only will the process be new and therefore there’ll be a lot to learn, first home buyers also can’t leverage equity from other properties they own, meaning they've had to be patient and save up that initial deposit. This all adds up to a challenging and often daunting process for first home buyers.
Our team of mortgage broking experts will guide you every step of the way, from your initial property hunt to the final settlement, making the process transparent and empowering you to make informed decisions. They can also assist you with recommendations for industry experts such as financial planners or solicitors.
How do first home buyer home loans work?
When you purchase a property, unless you can afford to pay for the property outright, you will need to get a home loan. A home loan is a loan from a bank or lender, paid back with interest over a certain period of time, typically up to 30 years.
Buying a home is the biggest purchase most of us will ever make. It’s important to be savvy when it comes to securing a home loan so that you can afford your repayments over the life of the loan.
Tax incentives for first home buyers
First home buyers may be eligible for federal or state tax exemptions, grants or concessions. In NSW, this includes the First Home Buyers Assistance Scheme which provides a full or partial exemption on transfer duty, the First Home Owner Grant which provides $10,000 towards the purchase price of a new home, or the Shared Equity Home Buyer Helper for eligible key workers such as nurses, teachers or police officers where the NSW Government pays up to 40% of the purchase price and retains it as equity. To find out more about these schemes visit the Revenue NSW website.
Why work with FABE Financial to secure your home loan as a first home buyer?
At FABE Financial, we make the process of buying your first home far less stressful and daunting. We guide you every step of the way on your journey to home ownership, from understanding how you can borrow through to the date you receive the keys!
We work for you not the lender, ensuring you find the perfect loan with the most favorable terms and rates. Let us help you turn your dream of home ownership into a reality.
First home buyer loans
Taking the leap to buy your first home is a monumental milestone filled with both exhilaration and anxiety. It's a life-changing financial decision, and having a trusted partner to navigate the complexities can make all the difference.
For first home buyers, securing finance to take that first step onto the property ladder is often more difficult than it is for seasoned buyers. Not only will the process be new and therefore there’ll be a lot to learn, first home buyers also can’t leverage equity from other properties they own, meaning they've had to be patient and save up that initial deposit. This all adds up to a challenging and often daunting process for first home buyers.
Our team of mortgage broking experts will guide you every step of the way, from your initial property hunt to the final settlement, making the process transparent and empowering you to make informed decisions. They can also assist you with recommendations for industry experts such as financial planners or solicitors.
How do first home buyer home loans work?
When you purchase a property, unless you can afford to pay for the property outright, you will need to get a home loan. A home loan is a loan from a bank or lender, paid back with interest over a certain period of time, typically up to 30 years.
Buying a home is the biggest purchase most of us will ever make. It’s important to be savvy when it comes to securing a home loan so that you can afford your repayments over the life of the loan.
Tax incentives for first home buyers
First home buyers may be eligible for federal or state tax exemptions, grants or concessions. In NSW, this includes the First Home Buyers Assistance Scheme which provides a full or partial exemption on transfer duty, the First Home Owner Grant which provides $10,000 towards the purchase price of a new home, or the Shared Equity Home Buyer Helper for eligible key workers such as nurses, teachers or police officers where the NSW Government pays up to 40% of the purchase price and retains it as equity. To find out more about these schemes visit the Revenue NSW website.
Why work with FABE Financial to secure your home loan as a first home buyer?
At FABE Financial, we make the process of buying your first home far less stressful and daunting. We guide you every step of the way on your journey to home ownership, from understanding how you can borrow through to the date you receive the keys!
We work for you not the lender, ensuring you find the perfect loan with the most favorable terms and rates. Let us help you turn your dream of home ownership into a reality.