First Home Buyers

Are entitled to receive a $7,000 Grant

towards the purchase of their first home.
Note: The Grant is not mean/incomes tested.

Buying a first home could be the largest investment of your life. This is an exciting experience and making mistakes could be very costly. AAA Mortgage Solutions will guide you throughout the mortgage process from start to finish.

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 only $1,000 genuine savings. This can be discussed by phoning one of our lending managers on 1300 555 888.

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 effect the amount of money you can borrow. Being married, single or having dependents can also determine your borrowing capacities.

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