First Home Buyers

Getting the right first home loan is crucial for several reasons:

• Affordability: A well-chosen loan ensures your monthly payments fit your budget. Consider not only the mortgage payment but also rates, insurance, maintenance and other homeownership costs.
• Long-Term Impact: Your first home loan sets the stage for your financial future. Favourable terms can save you money over time, while unfavourable ones can end up costing you thousands in extra interest payments.
• Pre-Approval: Before house hunting, get pre-approved. It helps you determine your budget, negotiate a better price, and get you into your first home faster.

Remember, a well-informed decision now can positively impact your homeownership journey! Use the experience of Skate Capital to help you make the right choice. 

There are several government schemes available to first home buyers. It can be intimidating trying to work through options, come in for a chat and we can sit with you, explain the options in plain language and help find the right pathway to get you int a home sooner. Call Kate today on 0476 918 422 or email kate@skatecapital.com.au

• Housing Australia - 5% Deposit Scheme - Bridging the gap for first homeowners to get into their first home sooner without the need for a family security guarantee or paying Lenders Mortgage Insurance. For more information see Australian Government 5% Deposit Scheme 
• Housing Australia - Help To Buy Scheme - Help to Buy is a new scheme designed to make home ownership more achievable with shared equity support from the Australian Government. If you have saved what you can (at least 2% plus purchase costs) but are still a little short of being able to buy a home that meets your needs, Help to Buy may be able to bridge the gap. This scheme is available also to those who have previously owned a home. For more information see Australian Government Help to Buy Scheme Skate Capital is accredited with both lenders currently on the panel. 
• Western Australia - The First Home Owner Grant (FHOG) is a $10,000 grant towards the purchase (or build) of a new home subject to eligibility criteria. Find out more at firsthome.gov.au website and search by your state.
• Western Australia - Stamp duty concession. In Western Australia, eligible first home owners can receive an exemption or concession on stamp duty depending on the dutiable value. See the WA government duties fact sheet webpage for more information.
• Western Australia - Home Buyers Assistance Grant is a grant of up to $2,000 available in Western Australia to reimburse some incidental expenses associated with the purchase of your first home. See the WA government home buyers assistance webpage for more information.