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First Home Owner Loans

For first home owners looking to take advantage of the  First Home Owner Grant (FHOG) 360 Degree Wealth Services is able to discuss with you the various loan types so you are able to make a well informed decision. No need to run from lender to lender, the hard work is done for you. We can compare interest rates and costs by lender quickly for you Do you need up to 97% of property value for your new home loan to cover fees and stamp duties? As long as you have 5% deposit of genuine savings we can help.

There are many types of loans available such as Term Loans, Lines of Credit, which have the following features:

• Principal & Interest
  
  
• Interest Only
  
  
• Lines of Credit
  
  
• Portfolio Packages
  
  
• Fixed Rate Loans
  
  
• Construction & Land
  
  
• Loans including Honeymoon and discounted rates
  
  
• Family Pledge home loan options

For first home owners there is extra paperwork, however:

• We can take care of the First Home Owner Grant (FHOG) paperwork with you
• Our service to you is free - there is no fee payable by you to us to take advantage of what we do, as the lender automatically looks after this.
• Document Certification

Shane Duff is also a JP (Commissioner of Declarations) so he is able to make the paperwork involved in obtaining your First Home Owner Grant that much easier.  As from January 2007, it became a First Home Owner Grant requirement that copies of ID supplied to support the application were certified by a JP or a Commissioner of Declarations, to prove that the copies were true copies of the originals.
The following original documents are required to support your First Home Owner Grant application.

• Contract (for the home you want to purchase)
• Marriage Certificate (if applicable)
• ID totalling 100 points (eg. Licence + Birth Certificate + Medicare Card)

Any Questions?

There are many things that a First Home buyer needs to understand before they jump into the biggest financial commitment they may ever make.  We can answer your questions, for example:
 

• How much savings do I need to have for a deposit?
• What if I don't have any savings but I have a good long term employment record?
• Is it best to choose a loan that has the lowest interest rate?
• How do I know if a fixed rate is better than a variable rate? 
• I've heard of 97% finance loans, how do these work?
• What is Lender's Mortgage Insurance and what can I do so that I don't have to pay it?
• What are some ways to reduce my monthly payments?
• What are some ways to reduce the total amount I pay for my home?
• Do all first home buyers get a grant from the government?
• How do I know if I qualify for $14,000 or $21,000 and how long do I have before the grant goes back to only $7,000?
• Is there a way to safeguard my home if I buy my first home with my partner, but we're not married as I don't want to risk losing my half if things don't work out?
• Is it better to buy a new home or an existing home?
• I want to buy my first home but I don't want to live in it for a couple of years, do I still get the First Home Owner Grant?
• I'm not an Australian citizen, can I still get the First Home Owner Grant?

If you'd like answers to some of these questions, please give us a call or drop us an email at info@360degreewealth.com.au.