| • Stop paying rent |
| • Achieve your dream |
| • 100% home loan for no genuine savings |
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Buying a first home could be the largest investment in your life. This is an exciting experience and making mistakes could be very costly. Mortgage Wisdom will guide you throughout the mortgage process from start to finish. |
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First Home Buyers |
| Are
entitled to receive a $7,000 Grant towards the purchase of their first home,
plus stamp duty consessions. Note: The Grant is not mean/incomes tested. |
| Savings |
| Most
financial institutions require a minimum of 5% deposit. This deposit must
have been saved in your bank account for a period of three to six months
(subject to lender's criteria). If you have not reached this step at this
stage there are other alternatives.
As a first
home buyer using the first home owners grant of $7,000 currently
available, we may be able to assist in acquiring your first home
with a 100% home loan. This can be discussed by phoning
one of our lending managers on
1300
30 78 40 or |
| Employment |
| All lenders have different rules and conditions on your employment status. If you're full-time, part-time, casual or self-employed most lenders require you to be working for a minimum time in the job. This can be discussed with one of our trained consultants. |
| Borrowing Capacity |
| Your income and outgoings determine your borrowing capacity. Other debts such as credit cards, personal loans etc can affect the amount of money you can borrow. Being married, single or having dependents can also determine your borrowing. |
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