First home loans | Mortgage Broker in Gungahlin, Taylor, and Harrison
Start your home loan journey today
What can a broker do to make your first home loan easier?
Entering the property market requires a thorough knowledge of your financial position and a detailed comprehension of what features of a loan will be beneficial to your long-term goals. This alone can be extremely hard to figure out, but with the added stress of trying to gather the necessary documentation and information to get approved for a loan, it can all become very daunting.
Luckily, your local Mortgage Choice brokers for Gungahlin, Nicholls, and Casey, Manan and Girish, are able to help you throughout the entire process and then some. For example, Manan and Girish can help with:
- Outlining your borrowing capacity
- Provide insight on your finances
- Apply for government grants, such as the FHOG, on your behalf
- Liaise with lenders to get deals not accessible to the general public
- Go through any loan features and how they may be relevant to you
If you're ready to start looking into your first home, book a time with Manan or Girish today.
What is the First Home Owner Grant? (FHOG)
The First Home Owner Grant is a government grant that assists individuals entering the property market. Each state has some variance on the FHOG.
For residents of the ACT, to be eligible for the FHOG:
- You must be:
- buying or building a new home, substantially renovated home or off-the-plan home, with a commencement date between 1 January 2017 and 30 June 2019, or
- building a home as an owner-builder, for which building started on or after 1 January 2017 and on or before 30 June 2019.
- The total value of the property (home plus land) must be $750,000 or less
- You must complete the First Home Owner Grant Application SmartForm, with all necessary supporting documents, within one year of completing your transaction
- Everyone with a relevant interest in the home must be an applicant
- Every applicant must be at least 18 years old (the Commissioner for ACT Revenue can exempt you from this requirement if there are good reasons to do so)
- No applicant can be a company or trust (except a trustee for a person with a legal disability)
- At least one applicant must be an Australian citizen or permanent resident
- At least one applicant must:
- Move into the home beginning within 12 months of settlement or completion of construction; and
- Live in the home as a principal place of residence for a continuous period of at least one year.
For more information on the FHOG for the ACT, visit the ACT Revenue Office’s official website or get in contact with Manan or Girish today.
Manan and Girish are also available to assist with:
