Insurances.net
insurances.net » Housing Insurance » Simple Tips On Saving For Your First Home In Australia
Auto Insurance Life Insurance Health Insurance Family Insurance Travel Insurance Mortgage Insurance Accident Insurance Buying Insurance Housing Insurance Personal Insurance Medical Insurance Property Insurance Pregnant Insurance Internet Insurance Mobile Insurance Pet Insurance Employee Insurance Dental Insurance Liability Insurance Baby Insurance Children Insurance Boat Insurance Cancer Insurance Insurance Quotes Others
]

Simple Tips On Saving For Your First Home In Australia

Simple Tips On Saving For Your First Home In Australia

Buying a home is huge step and a crucial decision to make for a couple

. However, everything will be all right if you are on the right track. Listed below are some of the few simple tips to follow to save on your first home.

A five percent savings on your deposit account will help a lot with your first application and will reduce your interest amount as long you get your deposit in tack.

Knowing if one is eligible for the First Home Owner Grant or FHOG will be of big help as the government of Australia is giving way $7,000 grant to help those first homeowners get going. However, one could finally claim that, he or she must quality with the set categories first, which are the first homeowners should know.

* He or she must be an Australian citizen or a permanent resident.

* The property bought should be a home unit or flat specially designed for people to live in.

* Must have not claim the grant yet.

* The owners should occupy the home within 12 months of purchase, completions, or settlement.

* The application for the FHOG must be made within 12 months of settlement or completion.

Every state in Australia has different additional qualification like age limit and length of stay, which is why; it is advisable to check with your local authority.

Another thing that could help any first homeowners saves money from their first home is to avail of the low-interest for first homebuyers.

Buying a home does not mean that you will have a huge debt to pay. You can also reduce it in some ways by finding the right features that will allow you to save thousands. To do this, one should consider a loan package that offer rate discounts for the loans life. Another way is to look for a loan that will allow you to pay more than the minimum free of charge.

by: ALEN LEW
Why To Buy A Foreclosed Home In Miami And How To Purchase Property Through Miami Foreclosures What Are The Benefits Of Investing In Condo Foreclosures And How To Make A Value Home Purchase? What Is Foreclosure Process And What Are The Benefits Of Buying Foreclosure Homes First Time Home Buyers Tax Credit Extended To April 30th, 2010 Government Grants For First Time Home Buyers Fixing And Flipping Houses And Its Repercussions Home Rehabbing Made Easy Through Reiwired Rehabbing Homes Made Easy For The Newbies Wholesaling Houses Guide For Newbies Bountiful Condominiums A Perfect Home For You Tweet Your Home To Sell Everything You Need To Know About Renting A Home Why Choose Umbrella Real Estate To Find Your New Home?
Write post print
www.insurances.net guest:  register | login | search IP(3.86.235.207) / Processed in 0.012010 second(s), 6 queries , Gzip enabled debug code: 22 , 1886, 958,
Simple Tips On Saving For Your First Home In Australia