Posts filtered by: First Home Buyers
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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2020 Year of Surprises

2020 Year of Surprises

Monday 30 November 20

Ok, this might be a bit of a rose-tinted summary, but if you set aside the bushfires, a pandemic, economic recession and a world-wide toilet paper shortage…Well, there’s also the fact that house prices have not plummeted in our region like we were expecting. The market is

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Guarantor Loans

Guarantor Loans

Wednesday 29 July 20

Guarantor Loans How much can I borrow? Guarantor home loans are now the only way to borrow between 100% and 110% of the purchase price of a property. How much you can borrow using a guarantor loan may depend on what type of borrower you

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For First Home Buyers and Guarantors

For First Home Buyers and Guarantors

Tuesday 28 July 20

This last couple of weeks I've been helping a lot of first home buyers and those considering a Family Guarantee. I thought it might be of help to some of you or perhaps those with older children looking to purchase their first home. Here's some

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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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First Home Buyers Grants and Concessions

First Home Buyers Grants and Concessions

Friday 31 May 19

As you prepare to purchase your first home, the goal can seem a bit daunting.  My Dad paid $10,000 as a house and land package for the home I grew up in.  My wife and I paid just over $30,000 for our first home.  OK,

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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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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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Loan to value ratio - LVR

Loan to value ratio - LVR

Saturday 25 May 19

What is it?  It’s the amount of the loan divided by the value of the security property, expressed as a percentage.   So, if you were getting a $750,000 loan to purchase a $1,000,000 home, the Loan to Value Ratio, or LVR, would be 75%Why is

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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.