3 tips First Home Buyers may not have considered!

First Home Buyers have a few options to consider when purchasing their first property, these options can be in addition to the government assistance of reduced purchase stamp duty and the First Home Owners Grant. Tip # 1 - Lower Interest Rate Products There are several lenders in the market that offer First Home Buyer friendly products.  Some lenders are offering products with special interest rates and/or reduced fees for First Home Buyers.  This assists in reducing the overall interest charged on the loan. Tip # 2 - Gift from parents or family Some parents are very keen to assist their adult children in entering the property market.  A ‘gift’ from parents can be used towards the purchase of the home.  A ‘gift’ can: * assist in reducing the amount of deposit that needs to be saved * reduce the...

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