First home loans | Mortgage Broker in Kellyville Ridge, The Ponds, and Castle Hill
Start your home loan journey today
Why use a mortgage broker to secure your first home loan?
Your loan must be suitable not just for your budget, but for your goals in the long term. As a first home buyer, the complicated process of finding and selecting the right loan can be overwhelming, and may potentially come to bite you if done in haste. That’s where mortgage brokers, like Mahmuda, step in.
Mortgage Choice brokers, like Mahmuda, help by:
- Educating new buyers on what loans are available and how they work
- Assessing your financial situation to calculate your borrowing capacity
- Addressing loan features and whether they are relevant to your situation
- Assisting with loan applications and government grants
- Liaising with lenders on your behalf to get the best deals possible
With Mahmuda’s assistance, getting approved for your first home loan is a comforting and stress-free process. Book a meeting with Mahmuda today to discuss your options.
First Home Owner Grant (FHOG)
In NSW, first-time home owners have access to the First Home Owners Grant (FHOG).
If you purchase a newly built house, townhouse, apartment, unit or similar, the purchase price must not exceed $600,000.
If you purchase vacant land and sign a building contract with a builder then we add the value of the vacant land plus the value of the comprehensive home building contract plus the cost of any building variations done together. The total combined cost must not exceed $750,000.
If you purchase a home which was substantially renovated by the seller, the purchase price must not exceed $600,000.
You may be eligible for the grant if:
- Most of the home was removed or replaced
- The seller, builder or tenant has not lived in the home before, during or after renovations
- It is the first time the home has been sold since the completion of renovations.
This means the first sale of a property will not be a new home if the person who built it lived in it, leased it out or used it for short-term accommodation.
The First Home Owner Grant may be paid in addition to other exemptions or concessions for eligible homebuyers.
If you’re curious to see if the First Home Owner Grant is relevant to you, visit the Revenue NSW website or call Mahmuda on 0433 700 901.
Buy your first home today
Don’t let life pass you by, see if you’re able to start your home ownership journey today by booking in with your local Mortgage Choice broker, Mahmuda.
Mahmuda is also specialised in other areas, such as:
