Which Loan Is Best For First Time Homebuyers?
The moneylenders in Australia offer a broad range of loan options including variable and fixed rate home loans. You may be confused as a first time homebuyer, which one is best for you. To find the best home loan option, you can compare them and find a better loan option for you.
The Australian Government disburses the First Home Owner Grant to all eligible applicants. As being a first time homebuyer, you are entitled to a base amount of $15,000 (NSW) of First Home Owner Grant to purchase your first home.
This is the start and you may be doing more things to make a well-informed decision. However, to ease out all the hassles of the home buying process, it is wise to seek guidance from a professional. If you do not have enough information about the amount that you can borrow in home financing, then consult a broker who can help you to buy a home with confidence.