Buying your first home is an exciting step in your life, but it can often be a daunting process, especially with all the information floating around.
You want to make sure you speak with someone you trust, to give you the correct, up to date information on all types of loans available.
As your Action Finance Mortgage Broker, we also offer finance coaching, so that we can prepare you for a mortgage, show you how to manage your budget and save for a deposit.
It’s also important to note that there may be costs in owning your own home that you might not have thought of such as rates and insurance. As part of our coaching, we also help you to work out how you can maintain your lifestyle with a mortgage.
Did you know the Australian Government may provide support in buying or building your first home?
The Australian Government supports eligible home buyers to purchase a home sooner.
Having us onside as your mortgage broker, helping to find whether you are eligible for any of the Government schemes is a smart way to go!
When it comes to buying your first home it’s a good idea to speak to us first – even before you speak with an agent, or get too far down the track, so we can guide you through the ever-changing conditions and requirements.
You can find all the up-to-date information on the Australian Government website.
NHFIC administers these three Schemes on behalf of the Australian Government:
- First Home Loan Deposit Scheme supports you to buy your first home sooner, with a deposit of as little as 5%.
- New Home Guarantee supports you to build or buy a new home, with higher property price caps available in selected areas.
- Family Home Guarantee aims to support eligible single parents with at least one dependent child in purchasing a family home, with a deposit of as little as 2%.
The very first step though is to give us a call at Action Finance today and have a chat about your first home buyer options.
