Brisbane First Home Buyers
Looking for a mortgage with a great rate and all the features you need? Then talk to your Local Mortgage Broker Brisbane to find the best ones. Your local mortgage broker Brisbane will use their years of experience in home loan markets to find you a great home loan with no fuss. 
Knowing your limitsWe can help you determine how much you can afford to borrow. You will know how much you can afford so you don’t fall in love with a home and find out it is beyond your means. And you will know your payments and closing costs will be in advance. Also, realtors and sellers prefer to deal with preapproved buyers. It tells them you are serious and can afford the property.
What loan do you need?
- Variable Rate Home Loans
- Fixed Rate Home Loans
- Honeymoon Home Loans
- Low Doc Loans
- Construction Loan
- Propack Loan
- Equity Release
Having a homeloan is not always as simple as just signing the loan and making monthly repayments. There are often extra account keeping fees and other charges. There are also many strategies you can employ to make sure your money works harder, and you can pay off the loan as quickly as possible. Your mortgage broker will talk you through all of the strategies that will work for you, and show you how to minimise extra costs and make extra repayments to save on interest.
There is government assistance for first homebuyers. The First Home Buyers Savings Account (FHSA) is a new scheme, and the First Home Owners Grant (FHOG) has been available for some time now. To be eligible for both schemes you must be between 18 -65 years of age and have not previously purchased or built a first home in which to live.
First Home Owners Grant
The First Home Owners Grant was increased in 2008 but is now due to be reduced as of 31 December 2009. The original first home owners grant of $7,000 is still available to eligible first home buyers.
The grant was boosted by the Federal Government during the global financial crisis to boost the property market but is now winding back to the original $7,000. The grant is designed to help first home buyer onto the property ladder.
If you would like more information on what you can claim please contact your nearest mortgage broker.
First Homebuyer Savings Accounts
The scheme is aimed at helping first home buyers get into the market. For every dollar put in to the account, the Government will put in 17 cents - up to a maximum contribution of $850 a year - and account holders can withdraw funds only four years with contributions of at least $1000 a year. The overall account balance will be capped at $75,000. The funds must be used to purchase a property. Should you decide not to use the savings to buy a property, the money will be transferred to your super plan.
You can find out more about loans for first home buyers and changes to the First Home Buyers Grant by talking to your local mortgage broker or by visiting http://www.firsthome.gov.au/