Posts filtered by: Home Loan
First Home Buyer Schemes

First Home Buyer Schemes

Tuesday 25 October 22

Are you interested in buying your first home? Here are 6 First Home Buyer Schemes you may be eligible for. 1. First Home Buyer Assistance Scheme (FHBAS) If you’re a first home buyer, you may be entitled to a concessional rate of transfer duty or even an exemption from

Read more
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

Read more
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

Read more
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

Read more
Offset Accounts Explained Using Australia's Favorite Commodity

Offset Accounts Explained Using Australia's Favorite Commodity

Sunday 15 March 20

Read more
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

Read more
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

Read more
Lender's Mortgage Insurance - LMI

Lender's Mortgage Insurance - LMI

Saturday 25 May 19

What is it?Lender’s Mortgage Insurance, or LMI, involves a special type of insurance company providing protection to the lender.  If the borrower fails to make the repayments and the lender ends up foreclosing on the loan, if the sale proceeds are not enough to cover

Read more
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

Read more
Refinancing without Boiling the Frog

Refinancing without Boiling the Frog

Wednesday 01 May 19

You have heard of the proverbial frog in the kettle. Being cold blooded, it doesn’t realise the temperature is changing as it slowly goes up. He sits there contented until his eyeballs turn white and he is boiled and ready to be served up in

Read more
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.