Posts filtered by: Debt
Single parents can apply with as little as 2% Deposit

Single parents can apply with as little as 2% Deposit

Friday 02 July 21

From Thursday 1 July 2021, 10,000 Family Home Guarantees (FHG or Scheme) will be available to eligible single parents. Single parents may use the Family Home Guarantee to build a new home or buy an existing home with as little as a 2% deposit.Both first home buyers

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Preparing For Your First Home Loan Deposit Scheme Application

Preparing For Your First Home Loan Deposit Scheme Application

Wednesday 05 May 21

Preparing For Your First Home Loan Deposit Scheme ApplicationRight team- We've got just under two months till the fresh baked batch of FHLDS places drops on the kitchen counter. You can bet the Grace Loans kids are going to be the first ready to snatch

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Government to re-issue unused First Home Loan Deposit Scheme places!

Government to re-issue unused First Home Loan Deposit Scheme places!

Tuesday 02 February 21

The federal government has revealed that it is to reissue unused guarantees from the first tranche of the First Home Loan Deposit Scheme “in the coming days”.The Assistant Treasurer and Minister for Housing, Michael Sukkar, has announced that the federal government is to reissue unused

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First Home Loan Deposit Scheme

First Home Loan Deposit Scheme

Monday 27 January 20

The high cost of LMI (Lenders Mortgage Insurance) is one of the biggest hindrances that most first home buyers face when they want to make their first real estate purchase. In response to this issue, the Australian Government has introduced the First Home Loan Deposit

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Mortgage Offset Savings Account

Mortgage Offset Savings Account

Wednesday 09 October 19

You have probably heard of offset accounts. What are they, and are they worthwhile, especially if you have to pay extra to get one? In the video below, James Massey explains what a mortgage offset savings account is, and how it can save money in

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Home Loan Savings

Home Loan Savings

Tuesday 18 June 19

Do you know that your home loan can help you save money? It can do that in a variety of ways. Let me explain.It does cost money to have a loan. It’s the price for the use of someone else’s money. But that’s well worthwhile when it makes

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Using a personal loan for a home deposit

Using a personal loan for a home deposit

Thursday 30 May 19

What do you do if you have plenty of income to cover the loan payments for purchasing your first home, but you don’t have the deposit?  Would it make sense to get a personal loan, and use cash from that for the deposit?Let’s begin with

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Double trouble for credit cards

Double trouble for credit cards

Wednesday 29 May 19

Have you had struggles getting your credit card paid on time? Sorry to tell you, but it’s about to get worse!In the past, banks have encouraged their credit card customers to pay on time by charging them large penalties for late payment. However, the government

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Business loan basics

Business loan basics

Tuesday 28 May 19

Tax savings.  Music to your ears?*For many it is, and for those there is some good news in yesterday’s Federal Budget, especially those in small business.In recent years, small businesses have been able to get an immediate tax write off on asset purchases of up

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A family guarantee for a home purchase

A family guarantee for a home purchase

Saturday 25 May 19

You have probably heard about someone being a “guarantor” for another person’s loan.  They are making a guarantee somewhat similar to how a manufacturer will guarantee their products.  It doesn’t mean that their products will never fail, it just means that if they do, the

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Grace Loans and Bethany Massey are Authorised Credit Representatives of BLSSA Pty Ltd, Australian Credit Licence number 391237. Authorised Credit Representative nos. GL: 523940, Bethany: 513202. Content of site may not be fully up to date as lenders are constantly changing their loans and policies. Any advice provided on this website is of a general nature not taking into account your personal objectives and situation. Such matters are important to consider prior to taking any action. Please make an appointment to discuss your specific situation so that appropriate advice may be given with regard to suitable products using current information.