First Home Buyers
The boost to the First Home Owners Grant is being phased out and as of 31 December 2009 will no longer be available.  The original first home owners grant of $7,000 is still available to eligible first home buyers.

The scheme is provided by the Federal Government and is aimed at helping first home buyers onto the property ladder.  The grant was increased as part of the government's stimulus package in 2008 but is now winding back to the original $7,000. 

Whether you are looking around Brendale or Warner, Lawnton or Strathpine, first-home buyers can take advantage of some great home loans.

For more information on what you can claim as a first home buyer, contact your nearest mortgage broker.


What is a home loan?
A mortgage is a loan taken out to cover the cost of a property.  Whether you are buying an apartment or a house, few people pay cash so the most common way to pay for it is with a home loan.  You repay the loan, plus interest over a period of time, usually around 30 years.  There are banks and non-bank lenders such as credit unions who offer home loans. Each lender will offer different interest rates and home loan rates will fluctuate and need to be monitored.  The Reserve Bank of Australia (RBA) sets official interest rates and meets once a month to monitor rates, however home loan rates do not necessarily follow the RBA rates and can raise or lower their own rates independently.

A Mortgage Broker’s Role
A mortgage broker works to find you a home loan that will be competitive, yet still suit your life.  Mortgage brokers know the lowest interest rates home loan, which loans offer the best features and knows some great tactics for paying off your home loan faster.   It is their job to research home loans every day, to keep on top of changes in the market and offer you the best chance of getting a great no doc home loans or split home loans.
How much does it cost? The services of a mortgage broker are free.   Instead, brokers get paid commissions by the lenders.  The amount you pay for your home loan does not change, no matter what the commissions are.  You pay the same as if you had gone directly to the lender yourself.  We are not influenced by the commissions offered by a lender, instead we offer you unbiased advice and only recommend a product if it is right for you.

So don’t delay any longer, call us on to find out how we can help you.